Hello! I've just started using affiliate programs and pay per click ad providers and make enough to start getting payouts. But I wonder, how do you guys do this? What's the best way when it comes to taxes and stuff? Every country have them. How's Paypal when it comes to be a "middle man"? Because I can get the payouts to my PayPal account if I want to. Some people talked about them having bank accounts in the Seychelles, with a Visa they withdraw from in they home country. But this I feel becomes a little to... yea you know Thanks=)
I think it depends on the volume... if you make 1000s per day than it would be good idea to have offshore bank but if its only few dollars than send it to your bank... But if you want to become politician later than you need to proof where you got that money and why you did not pay TAX of few dollars
Well, in some countries like Germany you do not have to pay taxes for incoming small amounts of cash that do not occure frequently. Means, if you payout once a year (always in a different month) you won't have to pay taxes when the money is coming.
If you want to reinvest everything in link building and things like that, paypal is more convenient. If you want to keep the money, tell them to wire it to your bank account.
i tend to have a least one affiliate account paying into paypal for this reason, makes it easy to pay for your articles and link building etc
As I'm just a newbie at the moment I'm still developing my websites, I'm sending all my payouts to paypal. As stated above it's a really easy way to develop your sites further. The only company that pays me in a different way is Adbrite, for obvious reasons (they don't support paypal).