When cashing out from Wehype as a creator, there are a variety of options depending on your country of residence. To begin the process of cashing out after completing your sponsorship, visit the menu next to your profile avatar in the top right corner in our platform, click Cash out, and follow the prompts.
Depending on where you are located, and if you are cashing out as an individual or company, the information required through our payment processor Tipalti will slightly differ. If you are having any issues throughout the process, please write to us using the chat option on our website (the blue button in the bottom right) or the support channel on our Discord, and we will help you as soon as possible.
If you are a Talent Management and are looking for information on invoicing, please visit the article here.
Wehype Platform Withdrawal Fees
Payment method | Fee per payment |
ACH/ eCheck/ Local Bank Transfer | USD 0.00 |
PayPal (US Resident) | USD 2% (max USD 1.00) |
PayPal (Non-US Resident) | USD 2% (max USD 20.00) |
Wire Transfer (US Resident) | USD 15.00 |
Wire Transfer (Non-US resident paid in non-USD) | USD 20.00 |
Wire Transfer (Non-US resident paid in USD) | USD 26.00 |
Swedish individuals, i.e. Swedish creators without a company (“aktiebolag” or “enskild firma”), will be subject to taxes in accordance with Swedish laws and regulations. Wehype’s payment partner CoolCompany will operate as the employer of record and pay relevant social tax fees (31.42%) and income tax fees (30%). In addition to the taxes, CoolCompany will charge the creator a 5% payment processing fee for its services.
Conversion
Unless otherwise specified, your Wehype commissions will be denominated in Euros. FX fees may apply if you select your payout to be in a currency different from the accepted commission currency.
If you opt for the PayPal payment method, your commission will be converted to USD. The exchange rate will be determined using the day rate quoted by the Swedish Central Bank with no additional fees related to the conversion. We highly recommend you to select USD as the payment currency to avoid unnecessary fees.
If you are based in the United States, your commission will be converted to USD. The exchange rate will be determined using the day rate quoted by the Swedish Central Bank with no additional fees related to the conversion.
Other Fees
Please note a fee may also be incurred if you enter incorrect details and your payout request fails - it is always a good idea to double check all information is correct. Wehype does not take responsibility for any fees charged by your bank.