Envato should provide better Payout options

The payout options available Paypal, Payoneer and SWIFT cause a loss of hundreds of dollar per year for every author.

PAYPAL

Free payout but extremely high conversion fees. You lose min $60 each $1000 you convert.

PAYONEER

Free payout but high conversion fees. You lose min $40 each $1000 you convert.

SWIFT

High transfer fees. You lose min $25 each month (I actually lose +$10).

So the sums are easy

  1. With paypal, if you have earnings over 1000$ per month you lose min 720$/year every 12000$ you convert.
  2. With Payoneer, if you have earnings over 1000$ per month you lose min 480$/year every 12000$ you convert.
  3. With SWIFT, you lose about $400/year.

In ages where crypto currencies allow transfers of the equivalent of millions of dollars for lass than $5 and where fintech solutions like TransferWise offer fair fees and true conversion rates is no more acceptable to been forced to use only these 3 methods.

Thank you

3 Likes

I agree, this is crazy how much we are forced to pay just for fees. Envato should give us more payout options with reasonable fees:

1 Like

Thank you for the update! So this time the fees not only are not cheaper but they are increased. Awesome!