Hello Indian Fiverrers,
I was reviewing my pay out method and looking forward to know what you guys prefer.
I always used to use PayPal but thinking to shift to Bank Transfer now.
Here’s a rough calculation that made me think about trying Bank Transfer. Let me know if I am short of knowledge about this.
Let’s take $1000 payout as example:
1) PayPal option:
- Fiverr to PayPal ($1000 - $1 = $999) transferred to PayPal = $999
Less: PayPal receiving charges: 4.4% Flat + $0.30 = ($44.26)
Not deducted on Fiverr withdrawal
- Net amount received in PayPal = $999
PayPal to Bank ($999 @ 61.84/-) = INR 61778.16
2) Bank Transfer Option:
- Fiverr to Payoneer ($1000 -
$3= $1000) transfered to Payoneer = $1000
* Less: Payoneer withdraw charges: 2% on total amount = $19.94
Not applicable to Indian sellers
Net USD transfered = $1000 @ 62 (approx) = INR 62,000.00
Net benefit = INR 200 (approx)
So, only difference is of $1 and small exchange rate difference
Is there any other hidden charges I am missing out?