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What is the most cost effective way to withdraw my earnings?


neilyhype

Question

Posted

When is the best time to withdraw my earnings? and what payment method is cheaper to use? If I withdraw $200 one time, will the processing fee be the same as if I were to withdraw $50 four separate times?

2 answers to this question

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Posted

I cannot answer this about methods other than PayPal, but i can tell you about PayPal. If you were to withdraw $200 it would cost you $1. If you were to withdraw $50 it would still cost you $1. So, it is cheaper on PP to withdraw in a larger lump than a smaller one. The fees on Paypal are a percentage of the amount you withdraw each time, but the cap is $1 and 50 or over should hit the $1 cap.

Posted

I cannot answer this about methods other than PayPal, but i can tell you about PayPal. If you were to withdraw $200 it would cost you $1. If you were to withdraw $50 it would still cost you $1. So, it is cheaper on PP to withdraw in a larger lump than a smaller one. The fees on Paypal are a percentage of the amount you withdraw each time, but the cap is $1 and 50 or over should hit the $1 cap.

Ok thanks a lot for that information. Bless.

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