Third Party Payer Transfer

Someone with more experience than I have will certainly come along soon to comment. PayPal has worked well for me.

I don't think there's a charge involved in setting up a Paypal account.

I have a publisher that pays by PayPal. I lose on the transaction, about 8% if I remember. But they're international and I have no other reasonable method of getting paid. I understand up front that my advance/royalty is less than the contract says and accept it.

I also don't do a lot of work with that publisher, with payments my biggest issue for not working with them.

There are always alternatives. Whether your publisher will use them is the question. Mine would do international money orders, but international fees and transfers also took some amount of the proceeds and this added about 90 days to payments.

Jeff

Um, I've not noticed that I lose out on anything through PayPal. On the other hand, I also signed up for PayPal Here, to take credit cards with my iPhone at cons...and there is a small fee for that, per transaction, but it's way lower than 8%. Of course, my publisher is not only in the same country I'm in, but also in the same state...

I'm wondering if the 8% is a conversion type of charge rather than a transaction charge.

ajkjd01 said:

I'm wondering if the 8% is a conversion type of charge rather than a transaction charge.

Click to expand...

The payment was in US dollars, but I don't remember the exact Paypal fee or reason. I do know some was due to it being international, but not how much.

I once got an advance in Pounds Sterling. I made out on the conversion. But those things change. Every international source I now deal with pays in US dollars, so no currency exchange.

Jeff

PayPal fees: https://www.paypal.com/webapps/mpp/paypal-fees