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So does this work in the UK? I don't see anything in the Help & Support which limits the service to the USA/Canada.

Right now, we're limited to the US, but we're actively looking into options for international payouts: https://github.com/balanced/balanced-api/issues/44

"we're limited to the US, but we're actively looking into options for international payouts"

I get the feeling of déjà vu when I hear this phrase.

I know it's a tired line, but follow that Github link to stay up to date.