Are there withdrawal fees?
Updated
Yes: PayPal, Venmo, Cash App and bank transfers carry our payment partner's fee, crypto pays the network's fee, and the virtual Visa and gift cards are free.
Yes, but not on every payout method: a PayPal, Venmo, Cash App or bank transfer withdrawal carries a fee from our payment partner, and a crypto withdrawal pays the network's own fee. The virtual Visa and every gift card are free, and we never take a fee ourselves.
Which withdrawals have a fee?
| payout method | fee |
|---|---|
| PayPal | a fee charged by our payment partner |
| Venmo | a fee charged by our payment partner |
| Cash App | a fee charged by our payment partner |
| Bank transfer | a fee charged by our payment partner |
| Virtual Visa | none |
| Crypto | the network fee, charged by the crypto network |
| Gift card | none |
A fee never comes on top of your withdrawal: your balance goes down by exactly the amount you withdraw, and the fee comes out of what is sent to you.
Where do I see the fee before I confirm a withdrawal?
The withdrawal window shows the fee before you press the button to confirm the withdrawal:
- Fee shows the fee for the amount you typed, and No fee shows on a payout method without one. For PayPal, Venmo, Cash App and a bank transfer, the figure is exact.
- You receive shows what is sent to you after the fee.
- For crypto, the fee is an estimate, because the network prices its fee at the moment the payment is sent, so the exact amount can differ a little.
- Fee unavailable means the fee cannot be priced right now, so choose another payout method, or try the withdrawal again once the Fee line shows a fee.
Your withdrawals page keeps the Fee and You receive of every withdrawal after you confirm it.
What is a crypto network fee?
A crypto network charges a fee to move every payment on it, and the network sets that fee itself, depending on how busy it is when the payment is sent. The fee comes out of the payment: we send the whole amount you withdraw, and the network keeps its fee before the rest reaches your wallet.
How do I pay less in network fees?
- Choose a network with a low fee. Each network charges its own fee, and the networks with the lowest fees also have the lowest minimums.
- Withdraw larger amounts less often. A network charges its fee once for each payment, so one larger withdrawal pays the fee once, where several small withdrawals pay it each time.
- Check the estimate before you confirm, and choose another network if the fee is a large part of your amount.
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