Do you guys recommend any other monetary site besides paypal. I'm trying to collect 50k from my sponsors and I wanted to know if there is a better site that takes less fees.. Paypal currently takes 4.2% of each transaction.
Is the 50k a lump sum? Why not just ask them to wire the money to your bank account. The most you will pay is a $15-$20 bank fee. Jim
I would have to agree, wire transfer is the best transfer... you can use moneybookers but then the sponsors would have to pay fees and they're alread y helping you out
I would also suggest you use PayPal and MoneyBookers. They are most widely used too, so the sponsors will not have any problems in making the payments.
Well i'm collecting $100 from 500 sponsors.. so wire transfers will be difficult. For some reason.. the idea of paypal.. seems to work better for sponsors since most of them already have an account.