Are there any fees charged for payouts?
Each payout method has different fees and currency conversion rates. We charge a withdrawal fee for PayPal, where Codementor incurs a charge. Other payout services may charge a fixed fee or a percentage after we make the transfer. The information below will help you understand how different payout methods work.
PayPal
Codementor charges a withdrawal fee to cover the fee PayPal charges us to make transfers. We deduct this fee from your payout amount before we transfer the funds to you.
U.S. PayPal accounts will be charged $1 per transfer.
Non-U.S. (international) PayPal accounts will be charged 2% per transfer, with a minimum fee of $1 and a maximum of $20 maximum.
Note: PayPal may charge additional fees when withdrawing funds or converting currencies. Please visit PayPal's fees page for more information.
Stripe
Codementor charges a 0.3% (minimum $1) withdrawal fee to cover the fee Stripe charges us to make transfers. We deduct this fee from your payout amount before we transfer the funds to you.
Separately, Stripe charges a 1% currency conversion fee for Non-USD transactions.
Please check with your bank to see if they charge a fee to receive payments from Stripe.
Note: To get more detailed information, please contact Stripe support.
Direct to Local Bank
Charges for Direct to Local Bank can vary depending on the selected country -
Estimate fee for USD account in the US (including virtual accounts, eg Wise):
$3Estimate fee for non-USD account not in US:
$7+foreign exchange tiered fee.