8000 Merge pull request #83 from Hacker0x01/martijnrusschen-patch-4 · elamaran619/docs.hackerone.com@a65a682 · GitHub
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Merge pull request Hacker0x01#83 from Hacker0x01/martijnrusschen-patch-4
Improve documentation for bank transfers
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‎docs/hackers/payout-methods.md

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id: "hackers/payout-methods"
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As hackers are awarded bounties every day, HackerOne initiates the payment process each day. Depending on which of the 3 payout methods you elect, payments are processed at different times each day, and the expected retrieval time of your monetary award also varies. HackerOne offers these 3 payout methods for monetary awards:
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As hackers are awarded bounties every day, HackerOne initiates the payment process each day. Depending on which of the 3 payout methods you elect, payments are processed at different times each day, and the expected retrieval time of your monetary award also varies.
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Go to your profile's <b>[Settings > Payout Methods](https://hackerone.com/settings/payment_preferences)</b> to add or remove payout methods.
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HackerOne offers these 3 payout methods for monetary awards:
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Payout Method | Processing Time | Description
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------------- | --------------- | -----------
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PayPal | Manually processed every business day, excluding holidays | Payout time is 1-2 days.<br>As soon as the payment is initiated, you'll receive your award instantly, given that your PayPal account is set up to properly receive the amount of money HackerOne is trying to send.</br>
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Bitcoin via Coinbase | Every day at 11pm UTC | Payout time is 1-2 days.<br>As soon as the payment is processed, you'll receive your award instantly.</br>
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Bank Transfer (Currencycloud) | Every weekday at 9am UTC | Payout time is 1-10 days.<br>You can choose between using Normal (local) or Priority (SWIFT) payments. How fast you receive your payout depends on the type of payment you're using as well as your bank. There's cases where hackers have received payments on the same day and cases where hackers have had to wait the full 10 business days.</br><br>Make sure your bank isn’t on the sanctions list. Go to https://sanctionssearch.ofac.treas.gov/ to check to see if your bank is on the list. Banks on this list don’t qualify for bank transfers. Examples include VTB and SBERBANK.</br>
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Bank Transfer (Currencycloud) | Every weekday at 9am UTC | Payout time is 1-10 days.<br>You can choose between using Normal (local) or Priority (SWIFT) payments. How 8000 fast you receive your payout depends on the type of payment you're using as well as your bank. There's cases where hackers have received payments on the same day and cases where hackers have had to wait the full 10 business days. Bank transfers can be done in your own local currency. To convert bounties to your local currency, the mid-market rate is used to convert money. This saves you up to 5% compared to relying on your bank to convert the money to your local currency.</br><br>Make sure your bank isn’t on the sanctions list. Go to https://sanctionssearch.ofac.treas.gov/ to check to see if your bank is on the list. Banks on this list don’t qualify for bank transfers. Examples include VTB and SBERBANK.</br>
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Go to your profile's <b>Settings > Payout Methods</b> to add or remove payout methods.
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### More Info on Bank Transfers (Currencycloud)
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For bank transfers, we currently support conversions to the following currencies:
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- Australian Dollar
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- Bahraini Dinar
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- British Pound
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- Bulgarian Lev
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- Canadian Dollar
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- Chinese Yuan
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- Croatian Kuna
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- Czech Koruna
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- Danish Krone
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- Euro
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- Hong Kong Dollar
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- Hungarian Forint
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- Indian Rupee
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- Indonesian Rupiah
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- Israeli New Sheqel
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- Japanese Yen
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- Kenyan Shilling
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- Kuwaiti Dinar
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- Malaysian Ringgit
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- Mexican Peso
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- New Zealand Dollar
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- Norwegian Krone
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- Omani Rial
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- Philippine Peso
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- Polish Zloty
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- Qatari Rial
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- Romanian New Leu
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- Saudi Riyal
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- Singapore Dollar
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- South African Rand
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- Swedish Krona
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- Swiss Franc
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- Thai Baht
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- Turkish Lira
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- Ugandan Shilling
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- United Arab Emirates Dirham
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- United States Dollar
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Keep in mind that:
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* When receiving a payout through a bank transfer, the payout must meet the minimum amount for the type of payment before it can be sent:

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