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Old 08-11-2005, 10:11 PM  
sandman!
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Quote:
Originally Posted by Easton
I've been doing some research on adding EP as a payment option for my affiliate program... from the EP website, they state: "It's [...] much cheaper than [...] checks"

So i check out the fees and from the page i could find (https://www.epassporte.com/secure/jsp/Fees.jsp) it's 5% to load the card each time and $0.25 per transfer, up to 5 per day, then $1 each after that.

Let's assume someone needs to pay 20 webmasters $500 each for a pay period, a total of $10,000.

With a regular bank check: it's free business checking with my account, the check and envelope cost $0.25 from NEBS and the stamp is $0.37 on average. So to pay 20 WMs $10,000 would cost $12.40 in total, assuming US WMs for all to keep this simple.

To do the same thing with EP would cost: $10,000 x 5% = $500 to load, then $1.25 for the first 5 WMs and $15 for the other 15 WMs, for a huge total of $516.25

So i don't see how they can claim that EP is "much cheaper than checks" when it would cost more than $500 more to do the same transaction each period... am i missing something?

Please tell me i screwed up something, cuz this makes absolutely zero sense.


no your 100% right epassport is only as big as it is because of european webmasters that have to pay to cash USA checks.

paypal is 100x better then epassport but does not accept adult any more.

paypal charges the person that gets the $$$ while epassport charges both.

epassport charges me $2 to transfer $$$ to my bank account and limits it to $300 per withdrawl plus they get $$$ from people sending the $$$

i dont like it but whatever its a expense i have to pay.
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