The payout options available Paypal, Payoneer and SWIFT cause a loss of hundreds of dollar per year for every author.
Free payout but extremely high conversion fees. You lose min $60 each $1000 you convert.
Free payout but high conversion fees. You lose min $40 each $1000 you convert.
High transfer fees. You lose min $25 each month (I actually lose +$10).
So the sums are easy
- With paypal, if you have earnings over 1000$ per month you lose min 720$/year every 12000$ you convert.
- With Payoneer, if you have earnings over 1000$ per month you lose min 480$/year every 12000$ you convert.
- 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.