Receiving USD with Wise multi-currency (formerly Borderless) accounts
We support sending USD through Wise!
If you're using PayPal for payouts, we encourage you to consider switching to Wise to take advantage of its lower fees. For mentors who don’t have a USD bank account, we can also send payouts to Wise multi-currency accounts. Please check with Wise before choosing the USD option.
To set this up, just follow these steps:
- Create a Wise multi-currency account on Wise by going to this page and clicking on the green “Get started” button. The link includes FAQs on Wise multi-currency account as well.
- After the account has been created and confirmed, go to your Codementor payout settings here, and choose Wise under "Payout Method".
- Select "USD" as the currency, and fill in your Wise account’s email address.
- We’ll start sending payouts to your Wise account starting with the next payout cycle.
Once you start receiving your payouts, you will be able to manually process them to your local account.