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Ways to get paid


rickjoferr

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Posted

Hi everybody,

Could you please tell me which one of the way is the best to me, as a seller, to receive my payments? Fiverr Card or PayPal? Of course, the best way would be that one that would charge me the lower taxes.

Thanks in advance.

Guest shubh2012
Posted

Fiverr card / Payoneer.

any specific reason?

Guest shubh2012
Posted

It doesn`t charges any service fees and you will get your entire amount without any deductions. 😁

and the exchange rate ?

Paypal always pay less than the actual exchange rate.

Posted

and the exchange rate ?

Paypal always pay less than the actual exchange rate.

Payoneer pays me near to exact exchange rate.

For ex- If today 1 USD = 68.75 INR then Payoneer will pay me 68 INR.

Guest shubh2012
Posted

Payoneer pays me near to exact exchange rate.

For ex- If today 1 USD = 68.75 INR then Payoneer will pay me 68 INR.

and paypal will pay you less than 64.

How can I change it to payoneer ?

Guest silkroute
Posted

and paypal will pay you less than 64.

How can I change it to payoneer ?

and paypal will pay you less than 64.

True!

…not just that, they even charge ~3% at the very moment you receive it. Adding their currency conversion, we end up paying 10% per transaction. So Fiverr takes 20%, Paypal takes 10% and then government takes some %. Half of it is already gone before it reaches us, and when we use it, we have to pay additional 18% GST tax now. A 5$ gig is actually worth 2.1$ after all the cutting.

Which is what makes @taverr’s observation even more interesting. The simple decision of choosing Payoneer over Paypal will literally save you thousands of rupees every year.

@archiemiller830 Fiverr provides a Payoneer card, it can be used globally.

Posted

and paypal will pay you less than 64.

True!

…not just that, they even charge ~3% at the very moment you receive it. Adding their currency conversion, we end up paying 10% per transaction. So Fiverr takes 20%, Paypal takes 10% and then government takes some %. Half of it is already gone before it reaches us, and when we use it, we have to pay additional 18% GST tax now. A 5$ gig is actually worth 2.1$ after all the cutting.

Which is what makes @taverr’s observation even more interesting. The simple decision of choosing Payoneer over Paypal will literally save you thousands of rupees every year.

@archiemiller830 Fiverr provides a Payoneer card, it can be used globally.

Payoneer seems to be a perfect option to use

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