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Originally Posted by SeniorX
Could someone explain this preference for papertrail few people have mentioned here.... is it some way beneficial for US-only webmasters?
To be honest, I expected everyone would prefer epass/wires over cheques when wire fees are paid by the sponsor... wires arrive faster than checks, checks can take 4-6 weeks to cash in for international recipients, and 0.5% of checks get lost in mail or have to be re-issued for misc. reasons, while 100% of wires get through if bank info is correct.
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The paper trail helps out some of us who have a large amount of sponsor checks coming in and potentially doesn't handle every check themselves. It's easy to get a check in the mail and mark it down in the books. If you don't get the payment, you can ask for proof of payment and if they don't have a copy of a cashed check, you are good.
I do like Direct Deposit/Wires though. However, I prefer to only use it with larger sponsors who I trust. I just don't feel 100% comfortable giving out my banking info to a thousand sponsors, especially many who are small and fly-by-night.
Paypal and ePassporte are problems in my opinion. Paypal charges fees and I'd prefer to get everything I earned. Sometimes if you are making a few grand, Paypal fees can really cost you a few bucks. I don't trust ePassporte either. I know a lot of people have no problems with them, but there is also a nightmare thread on GFY everyday about funds not there, frozen accoutns, or taking too long to withdrawl money. I'd prefer to go a safer route than that.