If you're a tutor using Tutorpeers but reside in a country where Stripe, our payment processing service, isn't available, you might feel stuck when it comes to receiving your earnings. Fortunately, a workaround using WISE allows you to set up a bank account in a country that supports Stripe payouts.
Please ensure that you can create accounts from the list of supported countries using WISE in your country.
Here's a step-by-step guide on how to do it:
Step 1: Create a WISE Account
Visit the WISE website and sign up for an account. The sign-up process is straightforward: just follow the instructions to complete your profile and go through the verification process. This step is crucial as it establishes your WISE account, which you'll use to receive payments.
Step 2: Set Up a Banking Account in a Supported Country
Once your WISE account is active, you can set up a bank account in a supported country like Belgium or any other from the list. WISE makes this process easy by providing all the necessary banking details for your new account, which is critical for the next steps.
Note: Depending on your country of residence, WISE still may not allow you to open a bank account in a supported country. This means there are laws and regulations in your country preventing it.
Step 3: Verify Your WISE Account
To enable international transactions, make sure your WISE account is fully verified. This step may require you to submit additional documentation to confirm your identity and the legitimacy of your transactions.
Step 4: Connect Your WISE Account to Stripe
With your WISE bank account ready, log into your Tutorpeers account and navigate to the settings. Here, you can connect your Stripe account using the banking details provided by WISE.
State your email and your phone number. In the next step, select the country where your WISE account was registered. This connection is essential for transferring your tutoring earnings into your WISE account.
Step 5: Complete the Stripe Verification
Stripe may require additional verification steps to finalize your account's setup. Follow these instructions carefully to ensure your account is ready to receive payouts.
Step 6: Use your WISE Account to Transfer Funds to your personal account
After you have conducted some sessions, you can get the payout from Tutorpeers via Stripe to your WISE account. When the transaction is completed, and the funds are credited, you can transfer them from WISE to your personal bank account or card.
It’s important to note that Tutorpeers is not affiliated with WISE and only uses Stripe as a payment processor.
If you encounter any difficulties with WISE or Stripe, it’s best to contact their support teams directly for assistance.