As of 27th April 2020, we are expanding the number of payment options for all our Twine members:

  • US bank transfer (ACH)
  • UK bank transfer (Faster Payments)
  • EU bank transfer (SEPA)
  • International wire transfer (SWIFT, wire)
  • Payoneer
  • PayPal

To use any of these payout methods you need to update it in your Settings under Payments & Subscriptions. We will be looking for alternative payment methods in future.


Transaction Fees

To enable different payout options, we've had to add payment transaction fees to some of the options:

For $ (USD) jobs:

  • US bank - $2.00 fee
  • UK bank - $1.25 fee
  • EU bank - $2.25 fee
  • PayPal - 6% fee **
  • Payoneer - $4.60 fee **
  • International Wire Transfer - $10.00 and 3% fee

For £ (GBP) jobs:

  • US bank - £1.75 fee
  • UK bank - no fee
  • EU bank - £1.75 fee
  • PayPal - 6% fee **
  • Payoneer - £4.00 fee **
  • International Wire Transfer - £5.00 and 1% fee

From Monday 4th May 2020, we will start charging the updated fees on PayPal payouts. We recommend you use alternatives that are significantly cheaper.

Pro members have access to all of the same payout options and pay no fees for any of these options.

Twine Pro for all jobs:

  • US bank - no fee
  • UK bank - no fee
  • EU bank - no fee
  • PayPal - no fee **
  • Payoneer - no fee **
  • International Wire Transfer - no fee

** PayPal and Payoneer may have their own fees on top of Twine's transaction fees. We do not control these. Check on those services what their fees are.


Payment Methods

US Bank Transfer

You can receive USD to any bank account in the US that accepts ACH payments. We will need you name or company name, full address, bank account number, routing number (ABA or ACH), and account type (checking or savings). Account numbers are between 4–7 digits long.  Routing numbers are 9 digits long. Find your routing number.

UK Bank Transfer

You can receive GBP to any bank account in the UK that accepts Faster Payments. We will need your name or company name, 6-digit sort code and 8-digit bank account number.

EU Bank Transfer

We can send to any SEPA country. We can also send EUR to countries outside of the SEPA zone, but this will incur International wire transfer costs. We will need to know your name or company name, and bank account number. In Europe, this is a code called an IBAN, and is between 14 and 34 digits long. Use this IBAN checker to make sure the IBAN you have is in the right format.

International Wire Transfer

We can send payments to many countries around the world. We will need to know your name or company name, and bank account number and SWIFT or BIC code. 

Payoneer

Payoneer works all over the world in 200+ countries. It is free to get set up and has the benefit of being suitable for countries outside of the US and Europe. You can even get MasterCard payments, so any payouts get loaded on to your Payoneer MasterCard.

PayPal

PayPal is a well known and trusted payment platform. It is expensive to use (they charge between 1.9% to 6%) as they have hidden transaction fees. It is free to sign up and you just need an e-mail address.

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