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Payment fees

Discussion in 'Testimonials' started by to7update, May 4, 2018.

  1. to7update

    to7update Well-Known Member

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    I've been paid dozens of times by TFW and PayPal charged no fees, but the last two payments I've been charged high fees. For example, for a $5 payment PayPal charges $0.52, over 10%. Anything changed from your side @KenBrace or PayPal just changed their procedures?

    For a $10 cashout the fee was $0.72, inferior, but something even so.

    Thanks!
     
    to7update, May 4, 2018
    #1
    Kieranlewix likes this.
  2. KenBrace

    KenBrace Well-Known Member Administrator

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    We used to send withdrawals using PayPal's personal payment method but recently they changed the fees to outrageous amounts so that a $10 payment charges a fee of $3 - $4 on average. This basically negates that method so we are forced to use the business payment method. This method still includes a fee but it's not nearly as much. Because of this inconvenience, I am currently looking into alternative payment routes.
     
    KenBrace, May 4, 2018
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  3. to7update

    to7update Well-Known Member

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    to7update, May 4, 2018
    #3
  4. KenBrace

    KenBrace Well-Known Member Administrator

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    I've been thinking a lot recently about adding cryptos but the only two issues I see are the insane price fluctuations and the somewhat difficult process of conversion into fiat currency. Might still be great to at least have as an option for more tech savvy folks.
     
    KenBrace, May 4, 2018
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  5. to7update

    to7update Well-Known Member

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    Crypto will value a way lot more than USD or other fiat, so I wouldn't see cashing out as a concern, unless someone really needs the money immediately. For those PayPal is still an option, but crypto option would be great if you could do it!
     
    to7update, May 5, 2018
    #5
  6. Happyflowerlady

    Happyflowerlady Well-Known Member Moderator

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    What about adding an option of Amazon gift cards ? At least it doesn’t cost anyone extra to buy one, and sometimes you can get them cheaper than face value .
    Amazon gift cards might not work for everyone, depending on the country they live in, but it could be one of the options.
     
    Happyflowerlady, May 5, 2018
    #6
  7. Alexandoy

    Alexandoy Well-Known Member

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    I will stick with Paypal. I have no trust in cryptocurrency.
     
    Alexandoy, May 7, 2018
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  8. KenBrace

    KenBrace Well-Known Member Administrator

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    It definitely wouldn't hurt to have as an option at least.

    I think it would be nice to have perhaps 3 solid options for withdrawal so that pretty much everyone is covered no matter what country they're located in.
     
    KenBrace, May 7, 2018
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  9. Heatman

    Heatman Well-Known Member

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    What about trying out western union money transfer?
     
    Heatman, May 28, 2018
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  10. Happyflowerlady

    Happyflowerlady Well-Known Member Moderator

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    Western Union is one of the most expensive ways to send money, and I think they have a basic charge. A person would lose at least half of their earnings just paying the Western Union fees.
    PayPal is about the best, and Amazon gift card would have no fee at all , and if the person uses Amazon, they would be just like having cash.
     
    Happyflowerlady, May 28, 2018
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  11. Heatman

    Heatman Well-Known Member

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    Then let's stick with PayPal. The little charges isn't much. I don't have any issues with it.
     
    Heatman, May 29, 2018
    #11

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