
Ok, I didn't think this through obviously when I put some domains on a Dan payment plan option.
I sold my first domain using a payment plan via Dan. The BIN price was $5000 and the payment plan results in a total sale price is $6500 over 60 months, so the user gets billed 108.33 and I receive 88.33 each month. Basically the plan costs the user an extra $25/mo or 30% in total for the financing charges. I end up getting $5/mo of that, and dan gets $20/mo of that. In the end, I get an extra $300 so $5300 in total, and Dan gets $1200 in total.
So here's the part I didn't think through. Dan sent me an international bank wire, and of course my bank will charge me for that... Paying something like $15 or $20 in fees on a $88 wire is obviously stupid. Unfortunately, Dan doesn't have a payout threshold like others do, so that isn't an option.
Here are Dan's payout options I can choose from:
1. international bank transfer. Problem: ridiculous ratio of fees on small amounts.
2. Paypal. Problem: I hate paypal. Besides the things we've all discussed about then, they've refused to send USD funds to my Canadian based USD account, forcing me to do currency exchanges through their system on their terms. Forget it.
3. Payoneer. Problem: An unnecessary 3rd party handling my funds. Remember the whole Dan payment fiasco claiming you were forced to use Payoneer? Then they recanted? In any case, I would really prefer not to use a 3rd party like paypal or payoneer or anyone. Need I mention Epik here??
4. Bitcoin. Jeezus. While some people might be fine with getting bitcoin payments, I've been robbed twice of all my bitcoin from supposed exchange hacks. Forget it.
In any case, I point this all out so you can think this through and understand the consequences better than I did!
So, after chatting with Dan support, the least offensive option might be to deal with Payoneer, I guess. And although I like the payment plan option at Dan, I don't like they payout terms. I maybe just have to move all my domains at Dan back to my own lander where I can negotiate things like payment plans on my own - via e-transfers. No middle man.
Question: Does anyone have experience with using Payoneer with your USD accounts based out of a Canadian bank (Scotia)? Do you trust them any more than you trusted Epik a month ago??
I sold my first domain using a payment plan via Dan. The BIN price was $5000 and the payment plan results in a total sale price is $6500 over 60 months, so the user gets billed 108.33 and I receive 88.33 each month. Basically the plan costs the user an extra $25/mo or 30% in total for the financing charges. I end up getting $5/mo of that, and dan gets $20/mo of that. In the end, I get an extra $300 so $5300 in total, and Dan gets $1200 in total.
So here's the part I didn't think through. Dan sent me an international bank wire, and of course my bank will charge me for that... Paying something like $15 or $20 in fees on a $88 wire is obviously stupid. Unfortunately, Dan doesn't have a payout threshold like others do, so that isn't an option.
Here are Dan's payout options I can choose from:
1. international bank transfer. Problem: ridiculous ratio of fees on small amounts.
2. Paypal. Problem: I hate paypal. Besides the things we've all discussed about then, they've refused to send USD funds to my Canadian based USD account, forcing me to do currency exchanges through their system on their terms. Forget it.
3. Payoneer. Problem: An unnecessary 3rd party handling my funds. Remember the whole Dan payment fiasco claiming you were forced to use Payoneer? Then they recanted? In any case, I would really prefer not to use a 3rd party like paypal or payoneer or anyone. Need I mention Epik here??
4. Bitcoin. Jeezus. While some people might be fine with getting bitcoin payments, I've been robbed twice of all my bitcoin from supposed exchange hacks. Forget it.
In any case, I point this all out so you can think this through and understand the consequences better than I did!
So, after chatting with Dan support, the least offensive option might be to deal with Payoneer, I guess. And although I like the payment plan option at Dan, I don't like they payout terms. I maybe just have to move all my domains at Dan back to my own lander where I can negotiate things like payment plans on my own - via e-transfers. No middle man.
Question: Does anyone have experience with using Payoneer with your USD accounts based out of a Canadian bank (Scotia)? Do you trust them any more than you trusted Epik a month ago??