Payoneer Is Coming to crowdSPRING! Mike | December 10th, 2014
We are happy to announce that, as of next week we will be offering a new payment option for crowdSPRING Creatives. In addition to receiving your awards via PayPal you will also have the option of signing up for Payoneer, a leading provider of global payment solutions, for additional flexible and low-cost payment options.
We will no longer offer direct Bank Wire transfers, but through our friends at Payoneer, you can now choose between two additional payment options: a pre-paid Credit Card or bank transfer service:
- Bank transfer: Once you have signed up for the Payoneer service, you can both transfer funds from your Payoneer Account to your local bank account. This service is currently available in 200+ countries and over 90 local currencies, which you can view here. The rates for this service are significantly lower than our previous bank transfer provider and payment is typically received in just 1-3 days.
- Prepaid Credit Card: You can also choose to have your awards deposited directly to the Payoneer Prepaid Credit Card. This service is supported in more than 200 countries and your payouts will be available for use within 2 hours! Once funds are available, you can use the card to make purchases online, in stores, and at ATMs worldwide – whereverCredit Card is accepted! Or withdraw funds from your Payoneer Prepaid Credit Card to your local bank account in up to 90 currencies!
We’ll be making this change as of December 22nd, at which time we will no longer support direct bank wire transfers. If you have bank account wire information stored in your mySPRING Payment tab you will have to add a new Payoneer or PayPal account in order to be paid. Any payments that are already scheduled for wire transfer payment will be paid before the end of the year, while any new payments will have to be scheduled using PayPal or Payoneer. We will also be making payments to Payoneer accounts every Monday, Wednesday, and Friday, instead of just once per week!
Oh yes, one other thing – our friends at Payoneer have a very special offer for crowdSPRING users: if you register now through your Payment tab, Payoneer will throw in free card activation, free payments to your card and free bank transfers! This offer is for a limited time, so HURRY!
If you have any questions, please contact our support team!