We’re improving the way you get paid with the launch of our new withdrawal partner - Hyperwallet.
Hyperwallet is a PayPal service that provides fast, efficient, and transparent payment services throughout the globe.
From 4 January 2021, teacher withdrawals deposited into Paypal accounts will be processed directly via Hyperwallet with a lower processing fee of 1.5% compared to Paypal’s 2% fee (How do I withdraw my Credits using PayPal?).
This update will be gradually released to all teachers.
What do I need to do?
- Go to the Teacher Settings page and click Withdrawal (https://teach.italki.com/console/withdraw) to manage your Paypal settings.
- Connecting/Updating Paypal options
Click Update/Connect and enter your personal information to verify your information.
- Confirm/complete your personal information to create the profile.
- Confirm/complete your Paypal account information:
- Your Paypal account details
- Your country (as shown on PayPal)
- Your italki password
Thank you for your message ! I would like to ask that can we use the local Bank Transfer Hyperwallet instead of Paypal?
If it is then how ?
And also what is different about the tax between Paypal and Bank Transfer ?
When does this service begin?
When does this service begin? And how does the subscription work?
Hello iTalki team, I read the hyperwallet was supposed to be launched in September. We are now in October. I guess you are having a delay to launch the new payment method but do you have any idea when you will launch it? Thank you for your help.
Hello italk team, as one of teacher mentioned above I also want to know that when we can withdraw through hyperwallet? Please leave for us a message.
Any word on Hyperwallet? November is almost here. September is a distant memory.
To everyone, I have contacted iTalki team directly by private email.
At the moment, there is no possibility to give a specific launching date.
We need to remain patient a little longer.
Happy teaching to you all
I checked the reviews on Trust Pilot for Hyperwallet and they didn't look promising. Why does Italki want to work with a company that has such bad reviews? I am feeling really frustrated because Paypal charges such high fees, I paid 25 euros to make my last transaction! We don't get paid much as it is as teachers. Can't Italki find a secure money transfer company to work with that does have high fees? I stopped working with Payoneer because they withheld my payment for a month. It's not very fair. I love Italki but their payment system is rubbish compared to websites like Verbling where you can get paid right away without high fees.
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