Understanding Receiving Payout Fees: PayPal and Payoneer

Issue: I requested a payout via Paypal and the payout amount did not match the amount shown in my dashboard.

Payouts from Design Bundles are processed using the payment platforms PayPal or Payoneer.  It's crucial to understand the fees associated with receiving payouts through payment platforms like PayPal and Payoneer. These fees are charged from the payment platforms and not Design Bundles. This knowledge base article provides insights into the fees you might encounter when receiving payouts from these platforms.

PayPal Payout Fees:

Overview: PayPal is a widely used online payment platform that offers convenience for sending and receiving money. When you receive payouts through PayPal, various factors can influence the associated fees. Here's what you need to know:

1. Domestic Transactions: Receiving funds domestically within your country or region via PayPal often incurs a fee. This fee is usually a percentage of the transaction amount, accompanied by a fixed fee. The percentage typically ranges from 2.9% to 3.49%, and the fixed fee varies.

2. Cross-Border Transactions: For international transactions, PayPal applies cross-border fees. These fees are generally higher due to factors like currency conversion and international processing. The percentage fee can range from 3.4% to 4.4% + an additional fixed fee, depending on currencies and countries involved.

3. Currency Conversion: If you receive payments in a currency different from your PayPal account's currency, currency conversion fees apply. These fees vary and depend on the current exchange rate.

Payoneer Payout Fees:

Overview: Payoneer specializes in cross-border payments and provides solutions for receiving payouts from various sources. Here's an overview of the fees you might encounter when receiving payouts through Payoneer:

1. Payment Source Fees: When receiving payouts from different sources like marketplaces, clients, or businesses, Payoneer may apply fees based on the sender's location, the received currency, and the chosen payment method. These fees can include a percentage of the transaction amount.

2. Withdrawal Fees: If you decide to withdraw funds from your Payoneer account to your bank account, there might be withdrawal fees involved. These fees can vary based on your location and the currency being withdrawn.

3. Currency Conversion: Payoneer also charges currency conversion fees if you're receiving funds in a currency different from your Payoneer account's currency.

Conclusion:

Receiving payouts through PayPal and Payoneer involves various fees that can impact the final amount you receive. To make informed decisions and anticipate costs, it's essential to understand these fee structures. Note that fee percentages, fixed fees, and other charges may change over time, so it's recommended to check the official PayPal and Payoneer websites for the latest fee information.

If you have specific questions about fees, transaction limits, or any concerns related to receiving payouts, we advise reaching out to the respective customer support teams of PayPal and Payoneer. They can provide accurate and up-to-date information to help you navigate the fees associated with receiving payouts through these platforms. By being well-informed, you can manage your financial transactions more effectively and make the most of your online earnings.