Hi mate, I recently discovered that Paypal charges some quantities, the currency exchange Dollars to Euros, are very high amounts. My question is: What other options do we have to collect our money? All options have Envato collection commission for the exchange rate?
Thank you very much and excuse my English.
Take the dollars and go to the bank or, if you have more than 500 to transfer, you can put it directly in your bank account.
Yeah, Payapl exchange rates are a real problem. They are 10 cents lower than my local banks rates, meaning that for every $1000 converted in Paypal I lose $100. Envato’s currency is USD. The only way not to lose money during conversion is to open a USD bank account. Another solution that allows you to save a little money is to make SWIFT transfer to your bank account and let the bank convert dollars to your local currency with more more beneficial rates.
Thank you bodorobodo and Art-of-Sound
Payoneer Prepaid MasterCard® They also charge commission?
There’s no exchange commission in Paypal or other services, it’s just that their exchange rates are less good than those of banks. I’m not familiar with Payoneer but I guess it’s pretty much the same. So, to the best of my knowledge, there’s no way to convert $ to € without losing some money. In fact, any currency conversion results in loss, you just need to figure out where you lose the least.