Is there a transfer fee to receive the funds?

Kovena does not impose any fees for transferring your payouts. However, it is important to be aware that your bank may charge an inbound fee for international transfers, which is typically around $15 to $20. This fee is the responsibility of the merchant to cover. This is something Kovena, or any other payment provider, has any control over.

To minimise these costs, Kovena has built the ability for you to pick and choose how often you get paid. We suggest opting for less frequent payouts, such as bi-weekly or monthly. Additionally, we can set up your account to initiate payouts only when a specified minimum balance is reached. For instance, we can arrange for transfers to occur when your payout balance reaches at least $500.

If you wish to modify your payout frequency, please contact us at support@kovena.com, and we will be glad to assist you.