Quote:
Originally Posted by Loch
Yeah ok, you try receiving 50-300 micro payments of 50-500 bucks by wire.
Then run the math and shoot yourself 
Ever thought about the fact that these systems are not solely used for paying affiliates? |
Of course I agree with you that wires are too expensive for micropayments, but most affiliate programs let you adjust the minimum payout to a higher amount to make the cost of the transaction worth while.
I know someone who has his minimum payout set to $50.00. What ends up happening is that he was paying withdrawl fees, currency conversion fees, and ATM fees. The $50.00 was barely $40.00 by the time it was cash.
The best way save money is to set yourself up like this:
1. Increase the minimum payout. Instead of $50.00, consider $300, $500 or more.
2. Switch to wire payments.
2b. If you're in Canada, setup a US Bank account at your Canadian branch and have your wires sent to the US account instead. You will save alot of money on currency conversions.
Of course if you're just starting out and your affiliate commissions are smaller, a high min payout may be tough to do but when add up the fees you would pay out in a year the savings are significant.