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Overview

Bounty.new handles all payment processing so you can focus on getting work done. Instant payouts, transparent fees, and multiple payment methods.

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How it works

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For creators

1

Fund your account

Add funds to your bounty.new account before creating bounties.
2

Create bounties

Funds are held in escrow when you publish a bounty.
3

Approve work

When you approve a submission, the payout processes instantly.

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For developers

1

Complete work

Submit your solution for a bounty.
2

Get approved

Creator reviews and approves your submission.
3

Receive payment

Funds hit your account immediately—no waiting period.

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Payment methods

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Adding funds (creators)

  • Visa, Mastercard, American Express
  • Instant processing
  • 2.9% + $0.30 processing fee

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Receiving payouts (developers)

  • Direct deposit to your bank
  • 1-2 business days
  • No fees

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Fees

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Platform fees

RoleFeeWhen charged
Creator5%When bounty is created
Developer0%No fees on payouts
Developers keep 100% of the bounty amount. Creators pay a 5% platform fee.

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Payment processing fees

Additional fees from payment providers:
  • Credit card: 2.9% + $0.30
  • Bank transfer: 1% or $5 minimum
  • Crypto: Network gas fees (varies)

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Example calculation

For a $500 bounty: 
Bounty amount:        $500.00
Platform fee (5%):    $ 25.00
Card processing:      $ 15.20
─────────────────────────────
Total charged:        $540.20

Developer receives:   $500.00

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Escrow and security

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How escrow works

  1. Funds locked: When you create a bounty, funds are held in escrow
  2. Protected: Neither party can access funds until work is approved
  3. Released: Funds transfer instantly upon approval
  4. Refunded: If bounty is cancelled, funds return to creator

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Dispute resolution

If there’s a disagreement:
  1. Communicate: Try to resolve directly with the other party
  2. Request mediation: Contact [email protected]
  3. Review process: Our team reviews the work and requirements
  4. Decision: Funds released based on fair assessment
Disputes are rare but taken seriously. Provide clear requirements upfront to avoid issues.

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Managing your account

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Adding payment methods

1

Go to settings

Navigate to Settings > Payments in your dashboard.
2

Add method

Click Add Payment Method and enter your details.
3

Verify

Complete verification (may require micro-deposits for bank accounts).

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Setting default methods

  • Default funding source: Used when creating bounties
  • Default payout method: Where you receive payments
Configure in Settings > Payments > Defaults.

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Viewing transaction history

See all transactions in Settings > Payments > History:
  • Bounties created
  • Payouts received
  • Fees charged
  • Refunds processed
Export to CSV for accounting purposes.

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Minimum amounts

ActionMinimum
Create bounty$10
Payout$5
Add funds$20

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Payout timing

MethodProcessing time
Crypto walletInstant
PayPalInstant
Bank account1-2 business days
Choose crypto or PayPal for instant access to your earnings.

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Tax information

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For US users

  • Earnings over $600/year require a W-9 form
  • You’ll receive a 1099 form for tax filing
  • Update tax info in Settings > Tax Information

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For international users

  • Provide W-8BEN form if applicable
  • Tax withholding may apply based on your country
  • Consult a tax professional for guidance

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Refunds and cancellations

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Cancelling a bounty

If no one has claimed your bounty:
  1. Go to the bounty page
  2. Click Cancel Bounty
  3. Funds return to your account immediately

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After work has started

If someone is working on your bounty:
  • Communicate with the developer first
  • Mutual cancellation returns funds minus any agreed partial payment
  • Disputes handled through mediation

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Security

Your financial data is protected:

PCI compliant

All payment data encrypted and secure.

2FA enabled

Two-factor authentication for account access.

Fraud detection

Automated monitoring for suspicious activity.

Encrypted transfers

All transactions use bank-level encryption.

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Troubleshooting

  • Verify card details are correct
  • Check with your bank for blocks
  • Try an alternative payment method
  • Contact support if issue persists
  • Check your payout method is verified
  • Bank transfers take 1-2 business days
  • Verify email/wallet address is correct
  • Contact [email protected] for help
  • Review the fee breakdown in your transaction history
  • Platform fee (5%) and payment processing fees apply
  • Contact support if you believe there’s an error

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Need help?

Contact support

Questions about payments? Our team is here to help.