GoFuckYourself.com - Adult Webmaster Forum - View Single Post - Zombaio Costing US 23% in Processing/Payout Fees

2MuchMark · 10-16-2011, 04:12 PM

Everyone:

3rd party processors charge fees to collect money from your customers on your behalf.

Their bank may (and probably do) charge them for wire fees.

Your bank may (and probably does) charge you to receive the wire fees. (They may also charge you again to convert the currency if necessary).

The point is, everyone who helps you and your business will charge you for their services. It is important for business owners to know and understand these fees and proper information is helpful (Captain Kawaii: Saying your fees are 23% from Zombaio is untrue and creating this kind of thread against your business partner makes no sense, creates confusion and only makes your own business partner work harder for the money they make.

There are plenty of ways to save money in processing fees. I don't know for sure but I am guessing that Zombaio offers discounts to high volume sites. Why not ask Zombio what these discounts might be? And if the discounts aren't enough for you, why not ask "Hey Zombaio - what would it take for me to get n% discount on transaction fees?". Asking for discounts and learning what to do to get them will help you a lot in your business.

The same requests can be made to banks. More than ever banks will compete for your business. If you think they are charging you too much, ask them what you would have to do to get a discount (or even receive wires and other payments free). Chances are they will waive these fees if you buy some investments from your bank - even a simple savings account will save you a lot of money.

Good luck.

10-16-2011, 04:12 PM
2MuchMark Too lazy to set a custom title Industry Role: Join Date: Aug 2004 Location: Canada Posts: 49,933	Everyone: 3rd party processors charge fees to collect money from your customers on your behalf. Their bank may (and probably do) charge them for wire fees. Your bank may (and probably does) charge you to receive the wire fees. (They may also charge you again to convert the currency if necessary). The point is, everyone who helps you and your business will charge you for their services. It is important for business owners to know and understand these fees and proper information is helpful (Captain Kawaii: Saying your fees are 23% from Zombaio is untrue and creating this kind of thread against your business partner makes no sense, creates confusion and only makes your own business partner work harder for the money they make. There are plenty of ways to save money in processing fees. I don't know for sure but I am guessing that Zombaio offers discounts to high volume sites. Why not ask Zombio what these discounts might be? And if the discounts aren't enough for you, why not ask "Hey Zombaio - what would it take for me to get n% discount on transaction fees?". Asking for discounts and learning what to do to get them will help you a lot in your business. The same requests can be made to banks. More than ever banks will compete for your business. If you think they are charging you too much, ask them what you would have to do to get a discount (or even receive wires and other payments free). Chances are they will waive these fees if you buy some investments from your bank - even a simple savings account will save you a lot of money. Good luck.