I’m planing to make a payment request next month and I would like to know if I will have to pay extra transfer costs.
I’m from Portugal and how much will cost to envato transfer the money to my account?
Plus an additional charge from your bank
That’s a lot of $$
What is the best way to Withdrawal to pay less taxes?
Just in case you are considering Paypal (as it takes nothing on the transaction), remember that once you want the money on your bank account, it will be converted to euros (no matter if you have a dollar based account in Portugal), and Paypal conversion rate is really low comparing to market.
Best option is SWIFT to a dollar based bank account in your country.
If you are not in hurry try to withdrawal each 3 (or more) months, so you pay only once the taxes.
And again, if you are not in hurry, leave the dollars on your account until our beloved euro falls down.
I’m planing to request 500$. My bank account is based in € and I don’t know whats the best way, pay 35$ for taxes or use paypal low conversion rate I will have to make some calculations
But if I use swift it will only take 35$, or will take 35$ for envato and more taxes from the banks?
^ 99% probability that your bank will charge you another amount, as they need an intermediary bank to make the transfer (normaly, located in US). As a reference, i’ve a dollar based account and for each SWIFT transfer, and my bank charge another $25, plus the $35 from Envato.
Moving money around the world is expensive. The good thing is that sometimes you can afford the taxes with currency conversion (i mean, waiting for the dollar to be higher).
That sounds very expensive for that amount 500$ .
I will probably use paypal, I think that is more expensive to use the SWIFT for that amount of money.
XE (official) today’s conversion:
1 USD = 0.767632 EUR
PAYPAL today’s conversion:
1 USD = 0,749063 EUR
$500 > €
XE: 383,8 EUR
PAYPAL : 374,5 EUR
Once you withdraw more than $2.000, you are paying almost the same taxes. For more that income, is better SWIFT .