Affiliate payout in Euros (?) via Wire Transfer - what do you think?

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  • Bossman
    Confirmed User
    • Jun 2006
    • 1263

    #1

    Affiliate payout in Euros (?) via Wire Transfer - what do you think?

    As the topic says - what do you think about an affiliate program paying out in euros (?) via wire transfer?
    25
    YES, Please! Euros are nice, and so are wire transfers!
    0%
    23
    No way! Its got to be in USD and paper checks!
    0%
    0
    I´m working for the FBI as an undercover GFY surfer.
    0%
    2
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  • Jakke PNG
    ex-TeenGodFather
    • Nov 2001
    • 20306

    #2
    Doesn't really matter what the currency is, my bank converts our USD wires automatically to Euros.
    what does matter is the revenue.
    ..and I'm off.

    Comment

    • rowan
      Too lazy to set a custom title
      • Mar 2002
      • 17393

      #3
      For people in EU it could be very handy
      For people whose local currency is neither USD or EUR then it could still be handy as the conversion may be better for EUR

      Question is... how are you going to absorb the conversion losses? If you bill in USD and pay out in EUR then the conversion risk moves from the affiliate to the program.

      Comment

      • JOKER
        Facit Omnia Voluntas
        • Apr 2003
        • 2105

        #4
        Euros all day long for me.

        Also bill the user in Euros!
        Facilitation - BizDev - Traffic - Consulting - Marketing
        Skype: jokerempire | Silent Circle: joker

        Comment

        • Manman
          Registered User
          • Aug 2006
          • 36

          #5
          i ampro but high fees apply
          NOT 4 sale

          Comment

          • spacedog
            Yes that IS me. Bitch.
            • Nov 2001
            • 14149

            #6
            Euros are fine as my bank automatically converts at no extra cost to me.. however, the wire if mandatory is disturbing.. I promote a mainstream company whose only payout is via wire.. which fucking sucks.. they charge $25 for the wire to send me $100, which leaves me $75 then the goddamned bank charges another $12.50 to recieve the wire which leaves me $62.50..

            IMO-- wires blow unless you're a fucking whale..

            Comment

            • TheSwed
              Confirmed User
              • Feb 2004
              • 3483

              #7
              4. Dollar and epassporte

              checks it's something we here in Sweden stop to use in the 80:s
              it cost me $30 in bank fee just to cashe it

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              Comment

              • JOKER
                Facit Omnia Voluntas
                • Apr 2003
                • 2105

                #8
                Originally posted by spacedog
                Euros are fine as my bank automatically converts at no extra cost to me.. however, the wire if mandatory is disturbing.. I promote a mainstream company whose only payout is via wire.. which fucking sucks.. they charge $25 for the wire to send me $100, which leaves me $75 then the goddamned bank charges another $12.50 to recieve the wire which leaves me $62.50..

                IMO-- wires blow unless you're a fucking whale..
                Solution: European banking - no or only little wire fees
                Facilitation - BizDev - Traffic - Consulting - Marketing
                Skype: jokerempire | Silent Circle: joker

                Comment

                • Jarmusch
                   
                  • May 2003
                  • 12479

                  #9
                  Sure, as long as the commissions are also in euros, like 30€ per signup, it would be very nice.

                  Comment

                  • rowan
                    Too lazy to set a custom title
                    • Mar 2002
                    • 17393

                    #10
                    Originally posted by spacedog
                    Euros are fine as my bank automatically converts at no extra cost to me..
                    No extra cost? I guess you think the USD-EUR conversion rate is constant?

                    That's one disadvantage of wires - you can't choose when to do the conversion. I have a little script that shows the past 28 days of AUD rates, plus 7, 14 and 28 day averages, to help me decide the best day to deposit a batch of cheques.

                    Comment

                    • rowan
                      Too lazy to set a custom title
                      • Mar 2002
                      • 17393

                      #11
                      BTW is the typical $20 "inside USA" wire fee for a transfer between bank accounts? In Australia a bank-to-different-bank transfer costs about 25c.

                      Comment

                      • Shoplifter
                        Richest man in Babylon
                        • Jan 2002
                        • 5879

                        #12
                        We have this capability and it works out great. In fact you can choose your payout currency.
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                        Comment

                        • serguei
                          Confirmed User
                          • Mar 2004
                          • 802

                          #13
                          we do it..... This is no problem.
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                          Comment

                          • Mobyz
                            Registered User
                            • May 2005
                            • 35

                            #14
                            I have some affiliates with euro wire and i am paying for each international transaction 10 Euro

                            Comment

                            • ladida
                              Confirmed User
                              • Nov 2005
                              • 2179

                              #15
                              Originally posted by spacedog
                              Euros are fine as my bank automatically converts at no extra cost to me.. however, the wire if mandatory is disturbing.. I promote a mainstream company whose only payout is via wire.. which fucking sucks.. they charge $25 for the wire to send me $100, which leaves me $75 then the goddamned bank charges another $12.50 to recieve the wire which leaves me $62.50..

                              IMO-- wires blow unless you're a fucking whale..
                              Your bank sucks man. Go to a few banks in your town, and ask for these things. You'll see fees vary ALOT from bank to bank. My bank charges no acceptance wire fees, no fees for checks if you let them stay in bank for 2 weeks, and for a wire of around $100 fees are around $9 (or 3% from the actuall amount you're sending up to $45 (which would be the max fee if you send more then $1500.
                              agentGFY *at* gmail.com

                              Comment

                              • Penthouse Tony
                                Confirmed User
                                • Apr 2004
                                • 5835

                                #16
                                interesting thread.
                                aamos AT FFN dot com
                                Penthouse.com Business Development
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                                Comment

                                • Bossman
                                  Confirmed User
                                  • Jun 2006
                                  • 1263

                                  #17
                                  Originally posted by rowan
                                  Question is... how are you going to absorb the conversion losses? If you bill in USD and pay out in EUR then the conversion risk moves from the affiliate to the program.
                                  If the product is billed in ?, then its payout will be in ?
                                  If the product is billed in $, then its payout will also be in ?, which can/will be adjusted if the ?/$ conversion value moves higher/lower. Like the good old dialer days

                                  Of course once the ? are sent, then the "risk" or "benefit" (conversion rates can also be positive ) is transfered to the affiliate. But that is not new to any affiliate who have received payouts in a different currency than his local currency.
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                                  Comment

                                  • Mr. Romance
                                    The Face of Romance and the Symbol of Freedom
                                    • Mar 2005
                                    • 7821

                                    #18
                                    Euros rock

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                                    Comment

                                    • Webby
                                      Too lazy to set a custom title
                                      • Oct 2002
                                      • 14956

                                      #19
                                      Originally posted by Bossman
                                      If the product is billed in ?, then its payout will be in ?
                                      If the product is billed in $, then its payout will also be in ?, which can/will be adjusted if the ?/$ conversion value moves higher/lower. Like the good old dialer days

                                      Of course once the ? are sent, then the "risk" or "benefit" (conversion rates can also be positive ) is transfered to the affiliate. But that is not new to any affiliate who have received payouts in a different currency than his local currency.


                                      Odd to think there are quibbles over bank costs when talking about two currencies where there is almost a 40% difference over the last few years
                                      XXX TLD's - Another mosquito to swat.

                                      Comment

                                      • BlueDesignStudios
                                        Confirmed User
                                        • Feb 2003
                                        • 9492

                                        #20
                                        sounds like a winner if you ask me!

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                                        • RayBonga
                                          too cool for highschool
                                          • Nov 2005
                                          • 12164

                                          #21
                                          Only two fbi agents so far?

                                          Comment

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