Hello, I couldn’t find a clear answer so I would like to get opinions on this.
I want to withdraw my earnings but can’t decided whether to use swift transfer, or using paypal and then to my bank account.
See I’m confused as how much money will paypal charge to recieve my earnigs, how much has paypal taken from you guys ?
Paypal works great for me.
Simple and you can transfer the earnings to your bank account.
Yeah, but how much do they charge for each time you receive funds on paypal ?
Not a lot a few bucks maybe.
The going rate on PayPal last I checked is between 2.9% and 1.9% per transaction depending on how much business you do with them. You have to pull in $3000 or more to start brining that percentage down.
Whenever I receive my earnings from paypal, I don’t get charged at all from them. As far as I understand it, Envato covers the transfer fees for paypal.
Yep, I don’t get charged on payments from Envato. I also understand that Envato covers these charges. Thank God.
@jamigibbs is there document where envato explains this ?
It might not be so much as Envato covering the cost but that PayPal simply does not charge when you have proven your identity and have a bank account (apposed from a debit/credit card) they can add and subtract funds from.