The sender of a Tremendous payout chooses which redemption options to make available to you, their recipient.
Almost all of these options, such as prepaid Visa cards and gift cards, are free. That means if you are sent a $50 payout, you can get a $50 prepaid or gift card. There's also no charge for currency conversion. Instead of charging a fee, Tremendous makes money on these options through partnerships with the companies that provide them.
Tremendous does charge a fee for options that allow you to receive money directly into an account you own, such as PayPal, Venmo, or bank transfers. This fee covers our costs, including fees that Tremendous is charged. Any fees are always clearly shown before they are charged.
Tremendous policy requires senders to always offer fee-free options, so you should never have to pay a fee to redeem your reward. You can simply select an option that does not incur a fee if you prefer a free option.