Thursday, September 1, 2011

Introducing New Payout Methods: USA ACH and Local Bank Transfer through Payoneer

There are 2 additional payout methods for payments that were collected through our primary processor:

USA ACH through Payoneer (NEW)

Direct deposit to a U.S. Bank account.
Payout Currency: USD
Fees: HotspotSystem transfers your money there for free, but Payoneer deduct some fees: $5 setup fee and $3 fee per transfer

Local Bank Transfer through Payoneer (NEW)

In some countries you can get your money via LOCAL bank transfer. The difference between this method and international wire transfer is that the incoming wire transfer will be from the same country (so there won't be additional intermediate bank charges and your bank fees will be probably lower than if you get an international wire transfer).

Payout Currency: USD
Fees: HotspotSystem transfers your money there for free, but Payoneer deduct some fees: $5.95 or $9.95 per transfer depending on your country

Click here for additional information about supported countries, and How to Apply info

IMPORTANT NOTE: If you already have a Payoneer Preapaid Mastercard you have to contact us to switch to these methods instead.