Quote:
Originally Posted by Dirty Dane
Sometimes it is the only option besides wire in affiliate programs. If the payment is international, the wire fee is high and the minimum payout is often also set high.
Later years, check payments sucks too internationally, because the banks will not (or can not) pay directly without clearing the checks first abroad. This process can take many weeks. And therefore they also now charge fees per check. Not per bulk of checks.
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The other disadvantage of depositing foreign cheques is that if there's a problem with the source account, you may not find out for a few weeks. Add to that another week or two for the cheque to get to you in the first place, and a program that suddenly goes bust could leave you with 4 or 5 worthless cheques.
My local bank will "purchase" cheques under $USD300, which means they assume the risk of a bounce, and credit my account within 24 hours. Anything over that and they need to be sent for collection, which means you have to wait 4-6 weeks for the issuing bank to confirm the cheque is valid and the account has sufficient funds to pay it.
From memory globill died not long after I had deposited a cheque, but it took a while for the issuing bank to say "nup", and for the deposit transaction to be reversed...
