Hello,
Payoneer is now available for all accounts that wish to receive payouts directly to their bank account. It has support for deposits directly into local bank accounts for many countries in the world. Payoneer is joining PayPal with the list of payout methods that are available to all accounts on itch.io.
As a reminder, itch.io has two methods of getting paid: “Direct to you,” and “Collected by itch.io and paid later.” This update is relevant to “Collected by itch.io and paid later”. We also call this system the “Payouts” system. You can learn more about payout methods here.
With Payoneer we can automate our backend for sending bank transfers. We will able to apply the same process that we do for existing PayPal payees. For those who have had to deal with delays from our old bank transfer system, we’re hoping this will eliminate all of those issues.
Our plan is to migrate any existing users who have been receiving bank transfers to Payoneer.
You can set up your account to use Payoneer from your Dashboard’s Payouts tab: https://itch.io/dashboard/payouts
Additionally, on the Payouts page you can now specify the destination when creating a new Payout. If you have existing payouts that need to be specified (because you have both Payoneer & PayPal connected), then you can contact our support team with the payout ID.
Lastly, Payoneer’s rates may be better for those who are receiving payments to accounts outside of the United States. PayPal’s max transfer fee is capped at $25 dollars, but Payoneer has a $3 transfer fee and then a withdawl fee (that can go up to 2%). Learn more about their fees.
Because we’ve just added Payoneer this week, we may have some initial delay in processing the first set of payments as we fill our Payoneer account with funds to represent the payouts we’ll be processing with them. Your patience is appreciated!
Thanks
