Then it’s not possible to receive it in TransferWise guys. TransferWise can process USD wire transfers only from US. If it’s coming from Australia, it must come to AUD balance and in the same currency. Still not sure if wire transfer supported there.
Envato should have US local bank transfer here, mabe even as different payment method. I don’t understand what was the reason for envato to expand to US when there is no US bank payouts available and they still process payments from Australia. Then why are they charging the taxes from authors? Please tag some officials here who can give answer to this question and clarify us.
For me, I do not have PayPal available in my country at first. I don’t even use Payoneer for some reason. I only have SWIFT transfer left.
Now think I got 500$ and it processed for payout. Envato already charges 25$ per payment. My bank will still charge another 30$ when I receive it. Also I have to submit a papers each time (eg. my ID card, envato transaction print out, purpose of business etc.) Here 55$ is already gone. Now let’s come to conversion rate. Local bank in our country gives nearly 92-95% of the regular conversion rate. Believe me. For example, 1 USD = 84.80 BDT in our local currency. But our bank will take this if I buy USD from them. But if they give me local currency in exchange of USD, they’ll only give me something near 80-81 BDT. In the long run, a huge amount of my earning is lost in the air.
If I get it in TransferWise it’s easy and simple. When I receive SWIFT they only charge 7.5$, and even free if it’s a normal ACH transfer. Then when I send the money to my local bank, they do a normal EFT transfer from their partner in that country which don’t charge any extra amount. Also the conversion rate is always 98-99%. In the long run, I can save a lot. Why shouldn’t I? Because it’s my earning right? And all those way I explained above is 100% legal. Now tell me.