Payment Method

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VinodCumar
VinodCumar Posts: 17
in First-time course creation
Hello Instructors from India,
I am Vinod Cumar, a new instructor from India. I am about to upload my course but I am NOT sure about the Payment Method to choose (Paypal/Payoneer).
Can you please help me to choose the best one in terms of conversions and transaction fees? Your help will be highly appreciated.
Thanks

Comments

  • ElianaC
    ElianaC Posts: 5,227 Udemy rank
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    Hi @VinodCumar
    I found these posts talking about the pros and cons of each payment method, please access the following posts:

    Paypal vs. Payoneer / Conversion rates to other currencies

    Paypal vs Payoneer

    Which method do you recommend?

    Hope this helps!

    Eliana Cerna

    Udemy Community

  • aakriti-elearn
    aakriti-elearn Posts: 15
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    @VinodCumar
    I'm also a newbie and did some research on the topic.

    I would suggest you to go for Paypal if your income per month is less than $100. I got my payment from Paypal and it was seamless, the only thing was their conversion rate was around Rs 2 less for each dollar as compared to other sites.

    For sake of convenience and to focus on other aspects I decided to keep using Paypal, and will check other options later once the income revenue goes past 100-150$/month.

    Thanks!

  • zealvora
    zealvora Posts: 31 Community Champion rank
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    For India, I found Payoneer to be much better than Paypal. Payoneer provides better exchange rates.

  • aakriti-elearn
    aakriti-elearn Posts: 15
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    @zealvora
    , could you please explain how you use Payoneer end-to-end. Do you use any prepaid card, or have given your local bank account details in Payoneer to direct transfer?

    Thanks!

  • zealvora
    zealvora Posts: 31 Community Champion rank
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    Direct Transfer to Bank via Payoneer. There are two advantages of Payoneer that I have found:

    1. Better exchange rates (USD to INR).

    2. Lesser transaction charge.

    However, I'm waiting for a feature were Udemy can directly transfer to our bank account instead of going through either payoneer/paypal. I believe they are testing this feature in US.

  • VinodCumar
    VinodCumar Posts: 17
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    Thank you @aakriti-elearn
    for your valuable suggestion. Currently, I have both Paypal and Payneer. But I moved on to select Payoneer as my present payout method. And 2 days later I got reply from @instructorsupport saying...payout method can be changed later.

  • VinodCumar
    VinodCumar Posts: 17
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    Thank you @zealvora
    for your valuable suggestion. For now, i prefer to use Payoneer.

  • VinodCumar
    VinodCumar Posts: 17
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    Hey @aakriti-elearn
    ,it is easier to create an account on Payoneer than it looks. you just have to use local bank (ex.- SBI) details and your govt. ID. Their account creation process is very fast. Just try.

  • aakriti-elearn
    aakriti-elearn Posts: 15
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    That would be really nice, since a lot of instructors are based outside US

  • aakriti-elearn
    aakriti-elearn Posts: 15
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    Ok, will give it a try

  • ArbazMd330
    ArbazMd330 Posts: 4
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    Hi,

    I am a new instructor on Udemy. Can I know which purpose code should I select on payoneer? I am from India.

    @VinodCumar
    wrote:

    Thank you @zealvora
    for your valuable suggestion. For now, i prefer to use Payoneer.

  • SridharJena
    SridharJena Posts: 17
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    Hi @VinodCumar
    ,

    what will be your suggestion now on this, will Paypal or Payoneer is good for Indians.

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