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Using Payoneer payouts vs Paypal to earn more

A topic by Auburn Sounds created Feb 05, 2021 Views: 1,286 Replies: 3
Viewing posts 1 to 3
(7 edits)

tl;dr You can earn about 1.1% more with Payoneer instead of Paypal payouts, and it's quite easy to setup.

Here is a tip for sellers still using Paypal payouts (it will only works with the "Collected by itch.io" option, that I also recommend).

In my case Payoneer charges:

  • $3 per transaction from itch.io to Payoneer
  • 2.0% of the volume when converting from $ to €
  • $0 when transferring on a local bank account

whereas Paypal would charge:

  • $0 per transaction from itch.io to Paypal
  • 3.1% of the volume when converting from $ to €
  • $0 when transferring on a local bank account

Pro-tip: use Payoneer payouts to earn 1.1% more. The overall experience is very similar.

You can then use the surplus of money to give it to itch.io!

THANKS itch.io for a once again fantastic feature.

More info: https://itch.io/t/654159/payoneer-now-available-for-all-accounts

Admin (1 edit)

Great tip, thanks for sharing.

$0 per transaction from itch.io to Paypal

I just want to note that PayPal does charge a fee per transaction, but it’s applied to your itch.io account balance when you next request a payout. So given that, Payoneer could save you even more.

Admin

I recently learned that PayPal is increasing their exchange fee to 4%, but I’ve heard that TransferWise could be a good option for converting itch.io’s USD payouts to another currency at a lower rate: https://wise.com/

Hope that helps

That's a lot... 4 % :(

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