Hey LH,
Because bankwires involve staff at the banks – the charges are usually way above any e-wallet. And I understand that these days with the UIGEA there is also the possibility of rework due to bank rejections?
Costs can be between $15 and $30 depending on where your bank is and whether they use a correspondant bank for international transactions (which of course involves another fee).
These days a bankwire threshold of $500, $1000, or even $2000 is not unusual – if you want it to be paid “free”.
I’m sure if you are prepared to accept the charges then the payout can be made – but most places we deal with have a bankwire limit of at least $1000 – usually more.
Hope that helps?
:hattip: