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infuse01 says

How does Envato transfer money that there are no fees from paypal. For any other payment I receive I have to pay fees, if it is a custom job or from other sources – I always have to pay about 5% from my income – but not when I get money from envato.

Does anyone know how that works? Is this a Envato Special or do I need to tell my clients that they have to choose a specific option for payments.

PS: Fees are ok, but I guess you all agree with me that sometimes in some cases the fees are simply to much eg 40€ from a 800€ payment?

Thanks in advance for any advice

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refaktor says

I’ve often wondered this too, I was surprised when I made my very first withdrawl and there were no fees. Not that I’m complaining though :)

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Decneo says

Envato send the full money that you withdraw, but Paypal will give you the reduce rate than the central bank to convert to any currency to send to your bank account.

Cheers,
Decneo

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PixelBin says

Envato simply covers the fee.

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infuse01 says

Envato simply covers the fee.

Is there an option for that? Becasuse I’ve never seen that option. Or is that a special deal between envato and paypal?

Btw: How do you handle payments from clients via paypal? Do you pay the fee or do you split it or let the client pay the whole fee?

To be honest, I’m quite concerned because I’m going now to work on a project which I’ve agreed on 800€ but have to pay full 40€ fee. That’s some how pretty ridiculous…

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Decneo says


Envato simply covers the fee.

Is there an option for that? Becasuse I’ve never seen that option. Or is that a special deal between envato and paypal?

Btw: How do you handle payments from clients via paypal? Do you pay the fee or do you split it or let the client pay the whole fee?

To be honest, I’m quite concerned because I’m going now to work on a project which I’ve agreed on 800€ but have to pay full 40€ fee. That’s some how pretty ridiculous…

You have to pay the fee for clients.

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iHelp says


Envato simply covers the fee.

Is there an option for that? Becasuse I’ve never seen that option. Or is that a special deal between envato and paypal?

Btw: How do you handle payments from clients via paypal? Do you pay the fee or do you split it or let the client pay the whole fee?

To be honest, I’m quite concerned because I’m going now to work on a project which I’ve agreed on 800€ but have to pay full 40€ fee. That’s some how pretty ridiculous…

I am totally with you on that! It is ridiculous!
It’s not only the transfer fees, it’s also a currency conversion fee and in addition, PayPal uses some fictional conversion rate which of course always is lower than the actual official conversion rate…

Clients pay the fee. I quote them a certain amount of money, so I get that amount of money. What it takes to send that money to me needs to be covered by them. I communicate that and also let them know that I calculate the fees via http://paypalfeecalculator.paymentprocessing.cc/ – they also need to cover currency conversion rate if it’s the case. Every client agreed to this yet. Yet PayPal does not even take the actual conversion rate, so in the end I get less regardless…

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ChapterThemes says

Paypal does indeed has a conversion fee. And the conversion is always a bit lower than the actual currency rate.

But on the other hand, if you use SWIFT direct bank transfer, a lot of banks also charge fee for receiving international payments.

So if you have a not too high income from themeforest, you souldn’t worry about the couple of bucks fee. It’s different though when you have thousands of dollars, maybe then it’s wise to check with your bank if a SWIFT transfer is better for the final number.

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infuse01 says

They are cheeky bast* – and I would really love to boycott them. Unfortunately too many people are using it and too many of my clients which makes this all kinda su.

@themesector I thought of that as well but I have read about a (EU-) Law which prohibits that sellers ADD the fee to the endprice for clients. So I’m not quite sure if I could make it that obviously without getting in troubles. :( I need probably to simply add that to the endprice without the client having to know that he also pays that fee I guess. Maybe I’ll try that, but thanks for your information

@chapterthemes if you’re talking about “a couple of bucks” I needed to laugh :D Actually I never ever had to pay more fees for a single transaction. I guess even the mafia doesn’t earn that much on a transaction hahaha

I also thought about a SWIFT Transfer but haven’t enough experience on that. How much fees do I have to pay to my bank, how much my client have to pay to his/her bank?...I’ll get I should get in touch with my bank to find this out.

Thanks anyway for all of your suggestions. I truly appreceate them all :)

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iHelp says

@themesector I thought of that as well but I have read about a (EU-) Law which prohibits that sellers ADD the fee to the endprice for clients. So I’m not quite sure if I could make it that obviously without getting in troubles. :( I need probably to simply add that to the endprice without the client having to know that he also pays that fee I guess. Maybe I’ll try that, but thanks for your information

Really? I see! Of course you could always calculate it silently, maybe I should switch to that too, just to be sure ^^

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