@splinterfree 149143 wrote:
i never get paid free by anyone! no matter the size of the wire, i always end up paying my bank’s fees. nowadays, even have cases where i lose out on $300 on average when aff. programs send money in USD not to my USD account, but to EUR account because i’m located in EUR. lose out on exchange rate big time. but this doesn’t relate to revenue giants.
for some reason i flat out stopped making any money with them, down from half a grand per month for a while…
I make foreign payments by wire all the time and can tell you that fees apply at both ends. They are somewhat lower for the recipient if I choose “all fees paid by sender”. This only means that the sending bank deducts currency exchange (ouch!) and their own fees from my account. The receiving bank still charges the recipient their own fees, which vary in amount by bank and are beyond my control.
The time the receiving bank takes to credit the account also varies enormously, usually the smaller banks will be faster and cheaper once they know you. Bigger banks take up to 12 days sometimes to credit wires from abroad. Yes, they say they take 4 days, but I have had an opportunity to watch this for some time now and it’s a blatant lie.
I strongly recommend you use small local banks and make a point of letting them know you. They can both save you money and time.