Coverage and limits
What SET can move today, where, and what it cannot. Check this page before you design around a currency, rail, chain or region. Last reviewed 2026-11-09.
Available means switched on for SET today; a customer may still need its own endorsement for a currency (the currencies on GET /v1/customers/{id}). On request means built in the API and waiting on enablement for SET's account: ask SET before relying on it. Not available means do not plan on it.
Currencies and bank rails
| Currency | Collect from payers | Pay out to a bank | State |
|---|---|---|---|
| USD | ACH, wire, FedNow, to an account in the merchant's name | ACH (default) or wire to a US account | Available |
| EUR | Virtual IBAN: SEPA standard and instant | SEPA to an IBAN | Available, by endorsement |
| GBP | UK sort code and account number: Faster Payments | Faster Payments to a UK account | On request |
| MXN | SPEI | SPEI | On request |
| BRL | Pix | Pix | On request |
| COP | PSE collections | Colombian bank transfer | On request |
| Any other currency | Not available |
- RTP is not available. FedNow payouts are built and switched off.
- SWIFT is available only as a one-off transfer from a custodial wallet (One-off transfers).
- Bank payouts follow each rail's cut-off times and banking days.
- No rate is locked. Conversion happens at the rate when the money arrives.
Stablecoins and chains
| Asset | Chains | Notes |
|---|---|---|
| USDC | Base, Ethereum, Polygon, Arbitrum, Optimism, Avalanche, Solana | Delivered or accepted where the route exists; the API refuses a route that does not |
| USDT | Ethereum, Solana | |
| USDT | Tron | Delivery only. Nothing accepts USDT on Tron in |
| EURC | Base, Ethereum, Solana | |
| PYUSD | Where the route exists | |
| Bitcoin, Ether and other tokens | Not available through the APIs |
SET Direct Deposit takes USDC on Base and Ethereum only: the chains whose deposits name their sender on chain. Payable Email pays new payees on Base.
Amounts
- Minimum for a Cash-Out payment: 1 USDC after the fee. Payable Email: 2 USDC a payment.
- SET sets no maximum where its provider states none. A platform can set its own limits per key and per recipient (Payout controls).
- Bank amounts are whole cents.
Where SET does not serve
| Who | Rule |
|---|---|
| People and businesses in New York | Refused: principal residence or operating address |
| People in Texas | No custodial wallet |
| Algeria, Burundi, China, Japan, Tunisia | Not served |
| South Korea | No new customers |
| Sanctioned people, entities and jurisdictions | Refused (Sanctions and OFAC) |
| Gaming, gambling and the other activities SET refuses | Refused (Prohibited activities) |
SET Direct Deposit pays dollars to US payees with US bank accounts.
What the APIs do not do
- Hold a platform's or a merchant's money at SET (Flow of funds).
- Issue cards, lend, or pay interest or rewards.
- Lock an exchange rate or quote a guaranteed amount in advance.
- File tax forms. SET supplies year-end totals (Statements and tax data).
- Carry an uptime percentage by default (Availability and support).
Service limits
- Each API key has its own request and write limit a minute, stated on every answer in
RateLimit-*headers. - Up to ten further webhook endpoints per platform, beside the first.
- The sandbox simulates money movement and labels every simulated result; it never moves money.