April 27, 2020

Payment Methods

Topcoder currently supports 3 payment providers - Payoneer, PayPal, and Western Union. After you choose a method and setup an account with a provider, you must complete the process by sending an email to support@topcoder.com.

The request should be sent from your email account that is used for your Topcoder user account. Please include your choice of payment method, along with provider specific details.

Payoneer®

You can elect to receive payments through Payoneer either to your Payoneer prepaid MasterCard or by using their Global Bank Transfer service. The Payoneer Bank Transfer Service offers a local bank transfer option (where available) and a wire transfer option. Certain fees may apply.

To learn more about Payoneer: http://payouts.payoneer.com/partners/Default/faq.aspx?pid=100018950.

Details Required by support to set Payoneer as Payment Method

  1. Payoneer Customer ID.

  2. Payoneer Email Address.

PayPal®

You can elect to receive payments deposited directly to your PayPal account. Certain fees may apply. Fees to domestic (U.S.) PayPal accounts are equal to $0.30 per transaction + 2.9% of the payment amount. Fees to international PayPal accounts are equal 4.4% of the payment amount.

  • Can you receive funds via PayPal? Consult this list.

  • If you do not have an account, click here to sign up.

  • Please note: depending on the type of account you set up, you may incur fees when receiving Topcoder payments via PayPal.

Details Required by support to set Paypal as Payment Method

  1. Paypal Email Address.

Western Union

You can elect to be paid via wire transfer through Western Union. There is a US $8 charge for each payment processed by Western Union, which will be deducted from the amount owed to you. You can elect to be paid in either USD or your local currency. However, Western Union does not disclose it’s fees to convert to your local currency so we recommend you choose to receive USD. You may then be subject to conversion fees by your local bank.

  • Sign-up for wire transfer payments directly with Western Union Business Payments here (use your Topcoder handle as the Payee ID during registration).

  • Use the Preferred Form of Payment as “Fastest,” rather than “Least Cost.” “Least Cost” uses ACH as a form of payment, which is not supported in all countries.

Western Union payments are paid twice monthly and not instant.

If you elect to be paid by Western Union, your payment request will be queued and processed semi-monthly, on the 15th and last business day of the month. If the 15th or last day of the month falls on a weekend or holiday, Western Union payments will be processed the next business day.

In order to be included in the semi-monthly payments, you need to select which payments you would like to be paid for by 10:00 AM EST on the day of the scheduled payment.

Details Required by support to set Western Union Account as payment method

  1. No specific details are required, however you need to email support with a note to set your payment method to Western Union.

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