Topic: MassPay is enabled for HeedYou - good changes are coming!
I have some good news for you today.
Thanks to amount of purchases that we've got in the recent months, we have, finally, got PayPal's MassPay enabled for us!
Why should you care?
Because withdrawal fees will be much, much lower.
As it stands now, PayPal charges you ~$0.35 + 2.5% for receiving a payment. It is different for every country, but this is an average. With Mass Pay enabled for sender (us), withdrawal fee will be just 2%.
So, before Mass Pay, you could expect to see ~$0.63 available on your account if you withdraw a minimum payout - $1. After it is enabled - $0.98
Payments will not be made via MassPay yet, there's still some work needed on our side to do that.
Here is a roadmap of how we will proceed with this:
15th July - Starting from this day, PayPal payments will be sent manually via MassPay API.
15th August - New security system will be introduced and trained to recognize malicious accounts.
1st October - PayPal payouts will become instant, except for new accounts from certain countries or those marked as suspicious by security system.
That's all for now, this topic will be updated as more info becomes available.
UPDATE (15-07-2016): We have successfully sent a first mass payment!