UK Webmasters - how are you paid?

[daedal]

Originally Posted by TheCoop

What sort of account is that?

Business or personal?

Cheque or savings?

(I'm not the tax man, honest)

Any personal account, savings or a cheque account. It doesn't matter the type of personal account they don't make charges for small cheques under £50

[neak]

Originally Posted by daedal

Barclays don't charge any fees for cheques under £50

Is that per cheque or batch?

[daedal]

Originally Posted by neak

Is that per cheque or batch?

The choice is yours. If you go into your branch they will give you a deposit form for foreign cheques. If you fill in one form for each cheques under £50 there is no fees. If you have two cheques that are under £50 then use one form and its no fees.

It's probably easier for me just to post their charges here lol

Cheques, Travellers cheques, sterling cheques payable abroad and triangular transactions (i.e. cheques drawn in currency other than that of the country drawn upon) are subject to the following charges.

Under £50 - Free.

Under £100 - £4 plus interest and correspondent's charges as detailed below.

£100 and over - 1/4%min. £9 max. £60 per schedule plus interest as follows:

Sterling cheques - 1/2%min. £2 per schedule

Triangular cheques - 1/4%min. £2 per schedule

Correspondent's charges of £6 to be levied on Sterling and triangular transactions


Cheques can also be cleared on a Collection basis. The clearance time for this procedure can take between 4 to 6 weeks. The charge for cheque collection is:
Minimum of £16.00 or .25% whichever is the greater, maximum of £40.00. Please check this with your branch at the time of deposit.

As far as barclays are concerned their fees apply per cheque deposit form.

[Jel]

Originally Posted by Video Rob

Auctionchex exchange rate is ridicoulous

My main sponsor pays me by UK bank transfer, which is ideal. The rest of my money comes through Epassporte and the odd dollar cheque. I especially opened an account with Llyods to cash my dollar cheques, they charge £8 per batch of cheques, I wait until I have about 10 and then cash them.

That is the way to go. Get the manager to negotiate them, and they clear 3 days after you put them in. Once you start getting payments over 1k per period, organsie transfers.

[Phrant!K]

Unless a sponsor pays via wire I don't use them.

[pam]

Does ePassporte charge extra for UK webmasters? Isn't it just $2 per ATM withdrawal?

If they charge extra, that sucks.

I have a sponsor who hasn't paid me in well over year as they paid me with a handwritten check from the UK and I would not accept it. My bank charges too much to convert it.

[daedal]

epassporte is inconvenient, it's fine if you are getting less than $300 but if you get more you have to constantly go to the cash machine to withdraw money. Also another point is with epassporte if you are earning more than $2100 a week you have to get a wire transfer (because you can only withdraw $2100 a week, $300 a day), which at $50 is a rip off.

Plus it does not accept Mastercard so its a dodgy payment processor.

[Video Rob]

Originally Posted by daedal

epassporte is inconvenient, it's fine if you are getting less than $300 but if you get more you have to constantly go to the cash machine to withdraw money. Also another point is with epassporte if you are earning more than $2100 a week you have to get a wire transfer (because you can only withdraw $2100 a week, $300 a day), which at $50 is a rip off.

Plus it does not accept Mastercard so its a dodgy payment processor.

Ask Michael to increase your withdrawal limit. Mine has been increased to $700, so I draw out £300 every time.

[N/A]

Originally Posted by daedal

epassporte is inconvenient, it's fine if you are getting less than $300 but if you get more you have to constantly go to the cash machine to withdraw money. Also another point is with epassporte if you are earning more than $2100 a week you have to get a wire transfer (because you can only withdraw $2100 a week, $300 a day), which at $50 is a rip off.

Plus it does not accept Mastercard so its a dodgy payment processor.

Isn't the default daily limit US$520.00?

[daedal]

Originally Posted by N/A

Isn't the default daily limit US$520.00?

According to the epassporte website

Daily Maximum ATM Cash Withdrawal Amount US$300.00

[N/A]

Originally Posted by daedal

According to the epassporte website

Daily Maximum ATM Cash Withdrawal Amount US$300.00

I'm in one of those high risk country with a sponsored limited card and I've always withdraw close to US$500 each time without problem to prevent paying the $2 fee more times than required.

[LustForJoy]

Originally Posted by daedal

I actually use Auctionchex to cash my sponsors cheques the charge is only £1.20 per cheque or free to have payment direct into a bank account. The exchange rate is not as good as you would get in a bank, however its quick and easy.

I do often use wire transfers but never with a sponsor that charges $50 as its a rip off.

Hi daedal,

I have just registered with Auctionchex but am a bit confused about their services. It is not that clearly defined on their site.

May I use the Hyperwallet account to transfer money internationally at a cheap rate? Do I need a Paypal account to use the services of Auctionchex?

Is there a limit of payments or payment volume?

With Paypal I experienced that there is a monthly limit concerning charging up the account.

would be great to know your thoughts on this.

cheers,

Bill