What payment methods are supported?

Last updated: 3 months ago

Cathopic processes all contributor payments exclusively through PayPal. This ensures secure, reliable, and globally accessible payments for our international contributor community.

Why PayPal?

PayPal was chosen as the payment method for several important reasons:

  • Global reach: Available in 200+ countries and regions

  • Security: Industry-leading fraud protection and encryption

  • Speed: Fast payment processing and fund transfers

  • Low fees: Competitive transaction costs

  • Currency support: Handles 25+ currencies with built-in conversion

  • Reliability: Established, trusted payment platform

  • Ease of use: Simple setup and straightforward transfers

Setting up your PayPal account

To receive payments from Cathopic:

Step 1: Create account

  • Visit paypal.com and sign up

  • Choose Business or Personal account (both work)

  • Provide required information

  • Verify your email address

Step 2: Verify account

  • Complete PayPal's verification process

  • Link bank account or card (required for verification)

  • Confirm your identity

  • Ensure account can receive business payments

Step 3: Link to Cathopic

  • Add PayPal email to your Contributor profile

  • Ensure email matches your verified PayPal account

  • Save and confirm

Account requirements

  • Valid, verified PayPal account

  • Must be able to receive commercial/business payments

  • Account name should match your legal name

  • Keep email address current in both PayPal and Cathopic

Payment currency and conversion

All Cathopic payments are sent in USD (United States Dollars).

If your local currency is different:

  • PayPal automatically handles currency conversion

  • Conversion rates are competitive and transparent

  • Small conversion fee applies (set by PayPal)

  • You can hold funds in USD or convert immediately

  • Choose your preferred currency settings in PayPal

Receiving your payment

When Cathopic processes your payment:

  1. Funds are sent to your PayPal account email

  2. PayPal notifies you of incoming payment

  3. Funds appear in your PayPal balance within 5-7 business days

  4. You can then transfer to bank, use PayPal balance, or withdraw

PayPal fees

Standard PayPal receiving fees apply:

  • Typically 2.9% + fixed fee for receiving commercial payments

  • Varies by country and account type

  • Currency conversion fee if applicable

  • Withdrawal to bank may have fees (depends on your region)

Check PayPal's fee schedule for your specific country at paypal.com/fees.

What if I dont have PayPal?

Creating a PayPal account is:

  • Free to sign up

  • Available in most countries worldwide

  • Quick setup process (usually under 10 minutes)

  • No monthly fees for basic accounts

Set up your account before reaching payout threshold to avoid delays.

Alternative payment methods

Currently, Cathopic does not support:

  • Direct bank transfers

  • Wire transfers

  • Checks

  • Cryptocurrency

  • Other payment processors (Stripe, Payoneer, etc.)

PayPal is the exclusive payment method to ensure consistent, secure processing for all contributors.

Keeping payment information current

  • Log into Contributor profile settings

  • Update PayPal email if it changes

  • Verify new email immediately

  • Test with a small payment if possible

Payment security

Your payment information is secure:

  • Cathopic never sees your bank details

  • All transactions processed through PayPal's secure systems

  • Your financial information stays with PayPal

  • Only email address is stored in Cathopic

Troubleshooting payment issues

Payment not received:

  • Verify PayPal email is correct in profile

  • Check PayPal account for pending payments

  • Ensure account can accept business payments

  • Allow 7 business days for processing

  • Contact support if issue persists

PayPal account limitations:

  • Resolve any PayPal account limitations

  • Complete PayPal's verification requirements

  • Ensure account in good standing

International contributors

PayPal works seamlessly for contributors worldwide:

  • Available in 200+ countries

  • Automatic currency conversion

  • Local withdrawal options

  • Compliance with local regulations

Check PayPal availability in your country at paypal.com/worldwide.

Having a verified PayPal account is the only requirement to receive your hard-earned contributor payments from Cathopic.

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