Setting up a new payment method

NOTE: From September 17th 2018 Skrill will not be available on DesignCrowd

The payment center is located under "Payouts" in the main menu in MyAccount. If you win a contest or receive a participation payment, your payment will be paid via Payoneer or PayPal. In the payment center you can add any number of accounts to which your payments can be made.

We have set payment thresholds (above or below 100 units of currency) to provide you with flexibility to manage fees and charges you may incur from your existing accounts.

Payment Providers can charge flat fees to the account holder to receive payment, annual account service fees, currency conversion fees, transaction charges as a percentage of total payment to name a few. You will need to carefully review the fee and charge schedule for your preferred Payment Provider(s).

For Payoneer users, you don't pay any fees to receive your payout regardless of size. When converting funds in your Payoneer account from USD to a local currency, the FX rate is 2.0%. Paypal charges at least 2.5%. Skrill FX fees are 3.99%.

Here's a side-by-side comparison of the three payment methods offered on our platform for a payment of $70.00 to your local bank account. Note: Skrill is no longer available on DesignCrowd.

Here's a side-by-side comparison of the three payment methods offered on our platform for a payment $500.00 to your local bank account:

Breakdown comparison for a designer in India receiving $500.00 (USD) to local bank account:

How to set up a new payout preference in designer account:

Check:

1. Your payment e-mail address is correctly spelled
2. You've selected the correct payment provider that e-mail address is associated to (Payoneer, Paypal or Skrill)
3. Your payment account is verified to receive payments, i.e. completely set up. You need to ensure you've attached a bank account or prepaid card to your online payment account.

Note: Payoneer can support payment via bank transfers or prepaid card.

For more information on payments, see also:

How do I get paid?
How do I know the status of my payment?