Envato, please give us better payout options with reasonable fees!
I use Payoneer (Global Bank Transfer) for regular monthly payouts. Transfer fee used to be $1.5 but suddenly it has changed without further notice and from October 2019 the transfer fee is $15. I contacted Payoneer and they confirmed:
“Kindly note that as we are using various banks and processors for transfers, occasionally there are changes. We were able to use a cheaper route that we no longer have in this case. That is why the fees changed.”
So Payoneer Fee Reduction for Authors that Envato announced last year is not valid anymore: Payoneer Fee Reduction for Authors
This is a huge problem for many authors. Since the payouts are processed regularly every month authors are forced to pay very high fees. SWIFT transfer costs $25, Payoneer $15 and PayPal does not allow to transfer USD to non-USA countries (we are forced to convert USD to our local currency). I have to pay $15 fee every month for Payoneer + $5 additional bank fee. It is $240 just for fees every year. That’s a lot of money!
Nobody wants to pay such a high fee every month. It has huge impact on authors earnings. Many authors on Envato forum proposed to use TranswerWise https://transferwise.com/ as a new payout option.
Envato, please give us better payout options with reasonable fees! It is important for many authors. Please, do something with that.