@BenLeong → one thing. The emails I received today (one automatic and one from Support) and in both I see → “No action is needed”
Actually I updated my payout details using new system, I added Payoneer bank details → when I see text like “no action is needed” is confusing, specially when someone already updated his payout using new system and payoneer bank details (like I did). I udpated my payout again today using old payout setup page - all I want to know If I am all good for next payout, is everything setup correctly.
All November payments will be processed via the older system.
If we are ready to start processing some Elements payments via the new system before the full launch (now planned for early next year), we’ll be in contact - but it definitely won’t be used for any November payment.
Please do not force us to get the payment converted to local currency so keep the option to get the swift payment to our country (non-US) USD account
It will be a real hassle for us (People living in countries with changing rates like Egypt, Turkey and Lebanon) being forced to get the funds pre-converted to the local currency
The current direct swift transfer is the most appropriate method for us right now having our funds in USD without the use of one another service (extra costs) which protect us from official rates (which are much lower than the real value)
usually, countries struggling with economic crisis has two rates
@ValvePress Thanks for your feedback - I understand your concern, and have raised all of these points with the teams managing the rollout of our new payment system. Receiving payments in USD should remain an option for everyone - access to Local Currency payments will be a new addition, and these may be a better option for many authors.
As the current rollout focuses on Elements, both of the current options should still be available:
PayPal is unchanged from our existing Elements payment methods.
Payoneer USD payments will still be available, treated as a Bank Transfer to Payoneer’s USA receiving account.
For other direct transfer methods, we’re aiming to provide you with extra options where possible. The relative merits of these will depend on the country your bank is located in, and the currency (local or USD) that your account is set to.
Bank transfer in local currency: This involves our payment partner handling the conversion directly, and then sending the payment to your bank. These are sent to your bank using local transfer routes (International ACH) wherever these are available: those are much faster than SWIFT, and the transfer fees are lower. Local currency payments can also avoid “landing” fees (incurred when foreign currency arrives in a local-currency account), and your bank doesn’t perform any conversion as the money is sent in your local currency.
Bank transfer in USD: These generally need to be sent via the SWIFT network, which many authors are already familiar with from Market (where it is currently the only Bank Transfer available).
We’ll be adding some more detailed information about the Local Currency option to our Help Centre article next week - I’ll update this thread once the new article goes live.
@PeakStar Thanks! You are at the top of my list, when the time comes to pilot the new system I’ll have more information about this in a couple of weeks.
Elements earnings still on the 16th of each month? It’s on my account. Last time Envato told me to add a bank account by mail. Winnings here? Will it be deposited or will it still be in my Payoneer account as before? It will be deposited. How much is my total earnings in the new panel? I can’t see how much money will be deposited into my account. For example, there was no deposit last month. Can you help me?
If you mean the changes about the new payout system, Envato is not doing this yet. They will let us know when the new payout system is definitive, maybe early 2023. The usual Payoneer system is still the way you will receive your payout.
You have a lot of info about this in all the previous posts here, mostly @BenLeong posts and updates