For payments I use paypal but I am not completely satisfied.

The problem is the high commission when it converts dollars to euros. At the end of the year I have given to paypal lots of money (so paypal is not free :-))

I would like to be paid in euro but you know most of agencies pay dollars.

I wonder if among payment methods offered by microstock agencies there is something that avoid/reduce the payment of high commission changing from dollars to euros.

Thanks in advance
 

Good idea. Trasferring dollars from PayPal to USD accont is free of charge ?

Quote from: Cylonphoto on August 07, 2015, 11:25

Do not convert at PayPal. Their rates are robbing you. What I did is opening an USD account in a bank in my country so I withdraw without converting. Now I'm keeping an eye on the USD/EURO rates (waiting for Greece to do something stupid again) and convert my $ when I'm satisfied.

Did i miss something? Are payouts to bank account possible?

Actually as I know they are possible only in the US. In other countries you don't withdraw to the bank account, you withdraw to your Visa/Mastercard card (2 euros fee for the transaction). For me it is the same (except for the 2 euros fee) because the my Visa is connected with a USD bank account.
So:
If you withdraw $500 to your card which is in USD currency, you will get $500 minus 2 euros. You can convert whenever you want.
If you withdraw $500 to your card which is in Euro currency, your bank will convert USD to Euro at the day they receive them. Not good because you don't know that is going to be the exchange rate (it takes some days to process the transaction from Paypal to your bank). And again - 2 euros fee always.
If you convert USD to EU at Paypal because you have a Euro card, you withdraw euros to an euro card. Seems the easyest way, but the exchange rates at Paypal are worse than at your bank. You lose the most in that case.
I recommend the first way.

I also use PayPal and credit card (Visa). I don't convert USD in EUR. I live in Romania and when I withdraw into my bank account via credit card the USD or EUR convert automatically into LEI/RON (our currency). The fee is 2 EUR or 2.5 $.

Quote from: Sebalos on August 10, 2015, 07:17

I also use PayPal and credit card (Visa). I don't convert USD in EUR. I live in Romania and when I withdraw into my bank account via credit card the USD or EUR convert automatically into LEI/RON (our currency). The fee is 2 EUR or 2.5 $.

It is a little bit hidden (hidden costs).
Paypal charges fees automatic.

USD 100 = EUR 91,16
But Paypal converts from USD 100 to EUR bank account just 85,68 (instead of 91,16)

Eyactly thats the problem. Payal is expensive but for europeans there are no alternatives.

Does this work just for Visa? Or credit cards instead of debit?

Only with VISA/VISA Electron but no matter if is credit or debit card.

Thanks, so if you have USD account and Visa card you can get your dollars without conversion just for a small fee of 2,5-5USD?

Quote from: Sebalos on August 10, 2015, 08:41

Quote from: Fyletto on August 10, 2015, 08:30

Does this work just for Visa? Or credit cards instead of debit?

Only with VISA/VISA Electron but no matter if is credit or debit card.

I don't have a USD account. I use a LEI/RON account so when I withdraw the money they are converted in LEI/RON. The fee is 2.5 USD.

You can only withdraw from Paypal to USD account in the US Bank... And opening account in the USA for Europeans is quite difficult. If you have USD account in Europe, the money would be converted from USD to local currency and from local currency to USD :-) I would love to open an account in the USA - which is not impossible even for non residents without SSN but the effort and costs would be probably higher than gains.
 

The alternative is open an USD account.....trasfer USD from PayPal to this USD account....and convert USD in euro at the bank of the above mentioned USD account. If i am not wrong in this way you can avoid 2,5% loss by Paypal and avoid rate of PayPal.

But Paypal won't allow you to withdraw USD to these accounts directly... They only allow withdrawing in the local currency of the state where you have your local address. So if I am from the Czech Republic I can only withdraw in the Czech crowns despite the fact I also may have dollar account in my local bank. But Paypal will not send me money there. This is their fabulous rip off strategy how to get more money as you have to convert from USD to the local currency with extra 2,5% fee. See conversation above... The only workaround is USD account in the USA, Visa credit card (but there is a fee and 500 USD daily limit), in past there was a Payoneer workaround as well but when Paypal found out they are losing money as people are able to send USDs to Payoneer and than cash them out for example when visiting the USA in the ATM and thus they forbid synch with Payoneer...

you can open bank account in Europe in currencies different from euro. I am sure.

Quote from: Sebalos on August 10, 2015, 07:17

I also use PayPal and credit card (Visa). I don't convert USD in EUR. I live in Romania and when I withdraw into my bank account via credit card the USD or EUR convert automatically into LEI/RON (our currency). The fee is 2 EUR or 2.5 $.

It is a little bit hidden (hidden costs).
Paypal charges fees automatic.

USD 100 = EUR 91,16
But Paypal converts from USD 100 to EUR bank account just 85,68 (instead of 91,16)

Odd, the fee is about 2,5%, isn't it? So you should be getting around 87'ish instead of 85,68.

Obviously 20 euros for transaction make PayPal more conveniente. Anyway the message is clear....we have to taking into account fixed costs of opening and managing a bank account in usd

Fyletto thanks a lot. Now I understand. I just wonder ....if i have a bank account in USD ( in Europe) how can PayPal convert if I transfer dollars from PayPal to dollars to USD bank account ?? There is no conversion to do. Am I wrong ?

If you are successful in adding the account to your Paypal account you will not get your dollars without a conversion. The Paypal solution to this is the biggest rip-off possible. Double conversion :-) First Paypal converts your dollars to local currency (2,5% fee), than when your money comes to your USD bank account it is again converted by your bank to dollars. Double conversion and a huge conversion fee...

Frustrating.