Higlobe.com’s Features: What It Brings to the Table

Higlobe.com aims to be a comprehensive financial solution for professionals and businesses operating internationally.

Read more about higlobe.com:
Higlobe.com Review & First Look
Higlobe.com: A Closer Look at its Operational Model

Its feature set is designed to address common pain points associated with cross-border payments, from receiving funds to managing expenses.

While many features offer practical benefits, the presence of certain elements, particularly “Higlobe Earn,” necessitates a critical examination from an ethical and Sharia-compliant perspective.

Core Account and Transfer Capabilities

The foundation of Higlobe’s offering revolves around efficient USD handling.

• Free USD Receiving Account: This is a cornerstone feature, allowing users without a U.S. bank account to receive payments in USD. This is especially valuable for international freelancers and businesses.
  • Eliminates Intermediaries: Reduces the need for multiple currency conversions or complex wire transfers.
  • Direct USD Access: Provides a pathway to receive payments directly in the preferred currency of many international clients.
  • Zero Setup Cost: Attracts users by removing an initial financial barrier.
• Lowest Cost Guaranteed: Higlobe promises to offer the most competitive rates for USD transfers.
  • Price Matching: The claim “We will match any competitor” suggests a commitment to competitive pricing.
  • Cost Efficiency: For users, this could translate into more of their earnings staying in their pockets.
  • Transparency: Implies clear communication about fees, though detailed fee schedules for all services are not immediately present on the homepage.
• Near-Instant Transfers to Local Bank: The platform emphasizes speed and accessibility.
  • 24/7 Availability: Funds can be withdrawn at any time, which is a significant convenience.
  • No Transaction Fees (stated): The homepage explicitly mentions “no transaction fees,” which is a strong selling point. However, this likely refers to fees on Higlobe’s end, with potential fees from the recipient’s bank or currency conversion.
  • No Minimums: Allows users to transfer any amount, regardless of how small.

Payment Management and Integrations

Higlobe extends its utility beyond simple transfers by offering tools for payment processing and integration.

• Request Payments: Users can send professional payment requests to clients.
  • Credit Card & ACH Support: Clients can pay using common methods, simplifying the payment process.
  • Invoicing Made Easy: Streamlines the collection of receivables for freelancers and small businesses.
  • Professionalism: Provides a structured way to manage client payments.
• Connect to Platforms: Integrations with major HRIS and freelance platforms are a key advantage.
  • Rippling and Deel: Useful for remote workers receiving payments from companies using these systems.
  • Upwork and Fiverr: Directly benefits freelancers who earn through these popular marketplaces.
  • Automated Payouts: Enhances efficiency by potentially automating the transfer of earnings from these platforms.
• Pay Other Higlobers & Bulk Payroll: Facilitates payments within the Higlobe ecosystem and for employee payrolls.
  • Internal Transfers: Direct payments between Higlobe users may be faster and cheaper.
  • Payroll Solution: The ability to upload payroll lists for bulk payments makes it appealing for businesses with international teams.
  • Streamlined Operations: Reduces administrative burden for businesses managing cross-border payroll.

Spending and Earning Features (with Ethical Concerns)

Higlobe offers ways to utilize the balance held on the platform, but one particular feature is problematic.

• Digital Spending Card (Prepaid USD Card): A prepaid USD card allows users to spend their Higlobe balance globally.
  • Flexibility: Offers an alternative to withdrawing funds to a local bank account for spending.
  • Global Acceptance: Can be used online or in stores where Mastercard is accepted.
  • USD Denominated: Potentially saves on currency conversion fees for USD-based transactions.
• Higlobe Earn: The Ethical Red Flag: This feature is marketed as “3% earnings on your earnings” with a “3% annual rate, accrued daily, paid weekly on your Higlobe balance.”
  • Riba (Interest): As discussed, this is a clear example of interest, which is strictly prohibited in Islamic finance.
  • No Sharia Compliance: There is no indication on the website that these earnings are generated through permissible, risk-sharing, or asset-backed mechanisms. The language “annual rate” confirms its interest-bearing nature.
  • Avoidance Necessary: For any Muslim user, participation in this feature or holding funds in a way that automatically generates this interest is impermissible. This feature alone makes the platform problematic for those seeking Sharia-compliant financial solutions.

Security and Support Features

Higlobe emphasizes its commitment to user security and provides avenues for support.

• Business Class Security and Support: General claims of high security standards.
• SOC 2-Compliant: A specific industry standard for data security and privacy, which is a positive indicator.
  • View Audit Report: The availability of an audit report link adds a layer of transparency.
  • Data Protection: Suggests robust internal controls for handling sensitive user data.
• $20,000 Warranty Against Losses: Offers a measure of protection for user funds.
• Real-Life Human Help: Promises customer support to assist users.
  • Chat via Whatsapp: A modern and accessible channel for quick queries.
  • Book a Meeting: Option for more in-depth discussions or personalized support.

While Higlobe offers a compelling suite of features for cross-border financial management, the prominent “Higlobe Earn” feature, with its explicit interest rate, creates a significant ethical barrier for Muslim users.

The benefits of speed and low cost cannot justify engaging in riba, which carries profound religious and ethical implications.

Therefore, despite its functional appeal, the platform is unsuitable for those committed to Islamic financial principles.