Best payment system to use for this money i'll be receiving ?

Discussion in 'Payment Processing' started by devils_reject, May 5, 2008.

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  1. #1
    Hey guys,

    I'll probably be receiving 1500 USD in the next months , i might get paid 750 USD 2 times / month.

    If using paypal, what upgrades would you guys do and what withdraw method? I already have a credit card in my Paypal account, so the first thing im doing is getting the account verified.

    Im from Brazil, but my account currency is set to USD and I'll will be paid in USD, so no exchanging rates fees in there, but it seems i'll be paying 3.9% + $0.30 USD for cross-border fees, on each payment i receive, no matter if i have a personal, premier or business account ?? Is this it ??

    And supposing i have a premier/business account, will i have to pay this cross-border fee PLUS the normal fee for receiving payments (supposing i have a premier/business account) ?? Wich would do a total of 7.3% + 0.60USD , is this right ?

    Ok, at this point, if im right, paypal already ripped me off.

    Now about withdrawing the cash, it seems right now (with my unverified personal acc) that they only allow to withdraw 500 USD/ month , so, once i get the account verified will this automatically raise the limit to 2500 USD ? Also, is 2500 USD the maximum paypal will ever allow you to withdraw or can this limit be raised with premier/business account ?

    I firstly was thinking in withdraw to my credit card, but then i'll have to pay $5.00 USD plus exchange rates, from USD to the brazilian currency, so it seems that check is the best option ("only" 11.00 USD fee to withdraw). Do they send check to Brazil ? Any problem with this withdrawing method (check) ?

    Sorry for the many questions. Any answers/tips aprecciated , thanks a lot.
     
    devils_reject, May 5, 2008 IP
  2. sphere

    sphere Well-Known Member

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    #2
    Why don't you try to receive your money via wire transfer directly to you local bank account. I think it would be safer. Just ask your local bank and they usually give you their SWIFT or IBAN number which you can give to the sender when they send your money.
     
    sphere, May 5, 2008 IP
  3. mentos

    mentos Prominent Member

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    #3
    Use Xoom its more cheaper
     
    mentos, May 6, 2008 IP
  4. devils_reject

    devils_reject Active Member

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    #4
    Unfortunatly i think this is not possible, wire transfer is only available for US. Not sure tho, gonna check it out.

    Thanks but the systems allowed to receive the money are only E-Gold, Fethard, Webmoney, Wire, ePassporte, PayPal.
     
    devils_reject, May 6, 2008 IP
  5. goforhunt

    goforhunt Banned

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    #5
    Wire transfers are available in almost every developed and devolping country better yuo check with your bank, I am sure Brazil does have that option available.
     
    goforhunt, May 6, 2008 IP
  6. kks_krishna

    kks_krishna Active Member

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    #6
    wire transfer would be available for Brazil. If you want to use PayPal, you will loose lots for money on commission. I feel for $750 that would OK. Because wire transfer also will take commission like $30 for each transaction. If you register as Business account, your withdraw limit will be more.
     
    kks_krishna, May 6, 2008 IP