What is Higlobe?

Higlobe is an online financial platform designed to facilitate USD transfers for global professionals and businesses, including freelancers and remote contractors.

It offers services like a free USD receiving account, international money transfers, and a prepaid USD card, aiming to provide a low-cost and efficient solution for cross-border payments.

Why should I trust Higlobe?

Higlobe claims to be a SOC 2-compliant payment platform, meaning it adheres to rigorous standards for managing customer data and security.

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It also offers a $20,000 warranty against losses, which provides a measure of financial protection for users.

Additionally, its website features testimonials from various professionals, suggesting a base of satisfied users.

How much does Higlobe cost?

Higlobe states it offers “lowest cost guaranteed” and claims “no transaction fees” for its near-instant transfers. It also provides a free USD receiving account.

However, users should be aware that costs often include exchange rate margins (the difference between the rate you get and the interbank rate) and potential third-party fees (e.g., recipient bank fees, credit card processing fees for clients paying you). The “Higlobe Earn” feature, offering 3% annual earnings on your balance, is an interest-bearing component, which is ethically problematic for Muslims.

How does Higlobe work?

Higlobe works by allowing users to create a free USD receiving account. Higlobe.com Pricing: Understanding the Cost Structure

Clients or platforms (like Upwork or Fiverr) can then pay into this account.

Users can send payment requests, receive funds via ACH or credit card, connect to HRIS systems, pay other Higlobe users, or process bulk payroll.

Funds can then be withdrawn to a local bank account instantly or spent using a prepaid USD card.

Who can use Higlobe?

Higlobe targets a range of global professionals and businesses.

This includes freelancers getting work from the USA or platforms like Fiverr and Upwork, remote contractors working for US companies, businesses selling goods and services internationally (e.g., Etsy), and local tourism businesses serving US tourists or renting vacation properties.

What happens if I have an issue with Higlobe?

Higlobe states it provides “real-life human help” and offers customer support.

On its homepage, it provides options to “Chat via Whatsapp” and “Book a meeting” for users to get assistance.

For security concerns, it emphasizes its SOC 2 compliance and offers a $20,000 warranty against losses.

Is Higlobe.com ethical for Muslims?

No, Higlobe.com is not considered ethical for Muslims due to its explicit “Higlobe Earn” feature, which offers “3% annual rate, accrued daily, paid weekly on your Higlobe balance.” This is a form of interest (riba), which is strictly prohibited in Islamic finance.

Engaging with or benefiting from interest-based transactions is considered impermissible (haram). How to Cancel Higlobe.com Services or Account (Hypothetical Based on Industry Standards)

Does Higlobe charge hidden fees?

While Higlobe claims “no transaction fees” and “lowest cost guaranteed,” like many international transfer services, they likely incorporate a margin into their exchange rates.

Additionally, there could be fees for specific services like ATM withdrawals from the prepaid card, foreign transaction fees, or credit card processing fees if you receive payments this way.

Users should always review detailed terms and conditions for a full breakdown.

Can I earn interest on my money with Higlobe?

Yes, Higlobe explicitly offers a feature called “Higlobe Earn” that provides “3% annual rate, accrued daily, paid weekly on your Higlobe balance.” However, for Muslims, this constitutes interest (riba) and is forbidden.

Does Higlobe have a mobile app?

The homepage doesn’t explicitly mention a dedicated mobile app, but most modern financial platforms offer one.

The sign-up process (“Get a free account”) often directs users to a web application, which might be mobile-responsive.

How long do Higlobe transfers take?

Higlobe claims to offer “near-instant transfers” to your local bank account and states that transfers are available “24/7.” This suggests that withdrawals are processed very quickly once initiated from your Higlobe balance.

Can I connect Higlobe to my existing freelance platforms?

Yes, Higlobe explicitly states it can connect to freelance platforms like Upwork and Fiverr, as well as HRIS systems such as Rippling and Deel, to facilitate receiving payments.

Is Higlobe regulated?

Higlobe states it is a “SOC 2-compliant payment platform,” which indicates adherence to specific security and data management standards.

However, the homepage does not prominently display details about its specific financial licenses or regulatory bodies that oversee its money transmission services in various jurisdictions. Is Higlobe.com a Scam? Evaluating Financial Practices and User Trust

What is the $20,000 warranty against losses?

Higlobe offers a $20,000 warranty against losses, providing a degree of financial protection for users in case of unauthorized transactions or other covered issues, which adds a layer of security assurance.

Can I use Higlobe to pay other people?

Yes, Higlobe allows users to pay other Higlobe users directly.

Additionally, it offers a feature to “Upload your payroll list to easily pay employees in bulk,” which is useful for businesses with international teams.

How does Higlobe compare to Wise (TransferWise)?

Higlobe focuses heavily on USD receiving accounts for freelancers and businesses with a “lowest cost guaranteed” approach, and it offers an interest-bearing “Earn” feature.

Wise (formerly TransferWise) is known for its transparent, mid-market exchange rates and low fees for international transfers, and it does not pay interest on user balances, making it generally more compliant with Islamic finance principles for its core transfer service.

Is Higlobe suitable for large business transactions?

Higlobe’s features like “Request payments,” “Connect to platforms,” and “Pay other Higlobers” with bulk payroll options suggest it is designed to support businesses of various types and sizes, including managing substantial transaction volumes. It also mentions “No volume limits.”

What is SOC 2 compliance?

SOC 2 (Service Organization Control 2) is an auditing procedure developed by the American Institute of CPAs (AICPA) that ensures service providers securely manage data to protect the interests of their clients and the privacy of individuals.

Being SOC 2 compliant means a company has robust information security policies and procedures in place.

Can I convert currencies within Higlobe?

Yes, when you withdraw funds from your USD balance to your local bank account, Higlobe will convert the USD to your local currency.

The platform claims to offer competitive exchange rates for this conversion. Is Higlobe.com Legit? Scrutinizing Credibility and Trust Factors

What happens if I want to close my Higlobe account?

While not explicitly detailed on the homepage, typically, you would log into your account settings to find an option to close or deactivate your account.

You would need to withdraw all funds, settle any outstanding obligations, and confirm the closure, often through a security verification process or by contacting customer support.

For Muslims, it’s crucial to ensure no interest earnings are accrued or consumed during this process.

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