New Elements Author payment system - rollout paused (see update)

[RedOctopus]

@BenLeong

Receiving bank transfers in USD

The default transfer options involve payment in local currency for the recipient (137 currencies), but the option for bank transfers via USD can be set up for specific countries. (…)

Note that this option will generally involve higher fees, (…) a USD transfer to the same location incurs the $25 SWIFT fee.

1. Awesome, thanks I can select now USD, I just have set up the payment method.

2.Though ACH sounds interesting. I wanted to check if I can transfer USD to Wise in USA and than transfer it to Polish bank. This way I could save some money on transfer fees because Wise has fee around 3,5$ and you said that ACH in Envato has a similar 3$ fee. This could be the best way for many authors here.

However I have a feeling that the payment-setup Envato page does not update fees. For example USD-USD swift displays 3$ (it should be 25$, right?). Whereas USD-USD ACH displays 25$ (it should be 3$, right?)

I will be grateful if you could clarify what are the mentioned fees.