Rise is a payroll platform designed to enable users to receive payments from their clients, withdraw funds to their personal bank accounts, or transfer them to personal crypto wallets.
Prohibited Transfers
Transfers Between Rise Accounts
Transfers between different Rise accounts are not permitted. This includes:
Sending USDT, USDC, or other funds to another user's Rise account .
Using wallet addresses to transfer funds to another Rise account .
Moving funds from your Rise account to a friend's, spouse's, or family member’s Rise account .
Funds in a Rise account must be withdrawn to a user's own linked bank account or personal crypto wallet . Violating these rules, such as attempting to transfer funds between Rise accounts, may result in account blocks or restrictions .
Transfers to Third-Party Wallets
The platform does not allow:
Sending funds, including cryptocurrencies like USDT, to third-party wallets not owned by the Rise account holder .
Linking the same bank account or wallet to multiple Rise accounts, which could result in account restrictions .
Rationale Behind the Restrictions
These restrictions are in place for two primary reasons:
Security and Compliance: To prevent unauthorized transactions and ensure compliance with financial regulations, fund transfers between Rise accounts or to third parties are disallowed .
Platform Design: As a payroll platform, Rise is optimized for handling payments from payers to the account holder alone .
Approved Fund Withdrawal Methods
Instead of transferring funds to other accounts or third parties, users can:
Withdraw funds directly to their own verified bank account.
Transfer funds to a personal crypto wallet registered under their name. Each linked wallet needs to be unique to the Rise account holder and verified for security purposes .
By adhering to these guidelines, users can ensure the safety of their accounts and comply with Rise's operational policies.