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Alamy.com / Re: Alamy now offers Paypal and funds transfer
« on: October 11, 2011, 23:02 »
I did further research on bank accounts and such. I can open a USD account in my home country's bank, but it will result in a min $35 wire transfer fee for each transaction. If I use paypal, in order to transfer usd from paypal to my home country's usd account, paypal (by law) will convert usd into my home country's currency, then my bank will convert it back to usd. If I were to open a usd bank account (in the US), eventually I need to transfer $ back to my home bank account, which triggers the min $35 wire transfer fee. Since the min payout is about 300 in alamy, so each payment will cost ~10%.