Very interesting guys n gals. There seems to be a lot of variation out there.
:hattip:
I’m using a local banking facility which piggybacks off of a CitiBank setup in London – through some sort of strategic alliance.
We have accounts in GBP, EUR and USD to match the payment currencies of our partners and I can categorically state that the amount received for each and every payment is exactly what was earned and sent by ALL of our partners.
Of course the accounts are not “fee free” we pay a monthly charge of GBP 3, USD 5, EUR 5 to operate the accounts – but that is a tiny fraction of the fees and deductions that you mention.
Basically there are NO PER TRANSACTION FEES deducted at the CITIBANK end – and I have assumed that this was because our partners absorb the fees at their end (using the facilities that Dominique mentioned).
That does mean higher payment thresholds at programs – and if we miss then we’re usually happy to rollover payments to a subsequent month to minimise costs for both parties.