Quote:
Originally Posted by Tanker
I have heard this question brought up hundreds of times with various companies
I agree its part of your business model set up your options and give a free option to get your money! even if it means waiting for a higher payout to be achieved
We don't charge to get a check at MIP but we do for epassport as it cost us a significant amount to use this option from wiring into epass to sending funds
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Nothing wrong with that at all imo.
I also don't think there is anything wrong with making the min payout on checks (resonable) $100 - $200 min to send. If someone wanted to be paid out for $20 then yeah make them pay $2 or whatever. But I don't think you should make them hit a $500 payout to receive the check without fee.
I actually came across 1 company, don't remember who, that was set up exactly the way described above. If you wanted to wait till you hit a $200 payout it was free to send, if you wanted to be paid each week, if it was less than $200 (ie $20) then there was a fee. You could pay the fee or wait a little longer till you reached the min payout and get it with out fees.