Originally Posted by DatingGold (Post 17061228)

They're probably getting hit for doing money distribution and they aren't a financial institution.

Originally Posted by will76 (Post 17062561)

They make 100x more off of having minimum balances then they do checks not cashed. I doubt there is a high percentage of checks not cashed. However, the sponsors who require you to make a minimum of $100 or more, if they are a larger company, likely have thousands of dollars in affiliate money owed but not sent because of minimums not met.

Paying with checks, besides being something that most people may be use to doing since it was the way things have been done for years, is cheap and simple to do, especially for smaller companies. How much does it cost a company to load epass and then send? Not sure if it is different for business accounts, but last time I loaded my epass with $100 I think I got credit for $95 or something like that. Point being if you putting tens of thousands of dollars on epass, what is more expensive, some check printing software a printer and a .42 cent stamp, or paying 5%+ to load an epass account? If your minimum amount to send a check is $100 and the sponsors gets charged 5%, what is cheaper $5 in epass fees to load/send or a check, enevelop and postage. Even sending international, how much can that cost in postage?

(some one correct me on the epass fees, its been so long since I used them since my bank (CHASE) blocks them.)

Originally Posted by will76 (Post 17062561)

They make 100x more off of having minimum balances then they do checks not cashed. I doubt there is a high percentage of checks not cashed. However, the sponsors who require you to make a minimum of $100 or more, if they are a larger company, likely have thousands of dollars in affiliate money owed but not sent because of minimums not met.

Paying with checks, besides being something that most people may be use to doing since it was the way things have been done for years, is cheap and simple to do, especially for smaller companies. How much does it cost a company to load epass and then send? Not sure if it is different for business accounts, but last time I loaded my epass with $100 I think I got credit for $95 or something like that. Point being if you putting tens of thousands of dollars on epass, what is more expensive, some check printing software a printer and a .42 cent stamp, or paying 5%+ to load an epass account? If your minimum amount to send a check is $100 and the sponsors gets charged 5%, what is cheaper $5 in epass fees to load/send or a check, enevelop and postage. Even sending international, how much can that cost in postage?

(some one correct me on the epass fees, its been so long since I used them since my bank (CHASE) blocks them.)

Originally Posted by will76 (Post 17062551)

but they could also not be sent in the first place.


Everyone keeps saying how great wires are, but how much do wires typically cost to send? It's been a while since I have sent one personally since I don't handle the books and have someone doing that for me, but if I remember right I am paying at least $20 to send domestic and $35 or so for international. When I send I do it as a courtesy and pay t he cost. I am thinking most affiliate programs are not going to absurb this cost unless you are sending them thousands of dollars a pay period.

If they going to pass the wire fee back on me and I am going to have to pay $20 - $35 for a wire to collect in some cases $500 or less, either once a week or once every two weeks then do the math per year across several sponsors. No thanks, you can keep the wires, I will save thousands of dollars a year and I can wait a couple extra days for the paper check in the mail. Now if sponsors want to send a wire to me for free, by all means, I'll accept it. But I don't see many offering that and considering in my case ( and many other people) could have smaller checkes coming in from several sponsors it is retarded to pay a high fee just to collect a smaller amount weekly or by weekly. Yes you can raise your payout to $1,000 or what ever, so you only get sent the wire say once every 2 months opposed to every 2 weeks but 1. It's stupid to let someone else hold your money that long when you could be putting it to good use, and 2. the longer they hold it, the more money you are risking losing if the company goes out of business and stops paying.

So someone explain to me how wires are so great (unless they are free) and what I am missing here. Since I am a dinsour that rather gets a check (omg a couple days later) for typically free opposed to paying $300 - $750 a year per EACH sponsor using wires.

Originally Posted by will76 (Post 17062551)

but they could also not be sent in the first place.


Everyone keeps saying how great wires are, but how much do wires typically cost to send? It's been a while since I have sent one personally since I don't handle the books and have someone doing that for me, but if I remember right I am paying at least $20 to send domestic and $35 or so for international. When I send I do it as a courtesy and pay t he cost. I am thinking most affiliate programs are not going to absurb this cost unless you are sending them thousands of dollars a pay period.

If they going to pass the wire fee back on me and I am going to have to pay $20 - $35 for a wire to collect in some cases $500 or less, either once a week or once every two weeks then do the math per year across several sponsors. No thanks, you can keep the wires, I will save thousands of dollars a year and I can wait a couple extra days for the paper check in the mail. Now if sponsors want to send a wire to me for free, by all means, I'll accept it. But I don't see many offering that and considering in my case ( and many other people) could have smaller checkes coming in from several sponsors it is retarded to pay a high fee just to collect a smaller amount weekly or by weekly. Yes you can raise your payout to $1,000 or what ever, so you only get sent the wire say once every 2 months opposed to every 2 weeks but 1. It's stupid to let someone else hold your money that long when you could be putting it to good use, and 2. the longer they hold it, the more money you are risking losing if the company goes out of business and stops paying.

So someone explain to me how wires are so great (unless they are free) and what I am missing here. Since I am a dinsour that rather gets a check (omg a couple days later) for typically free opposed to paying $300 - $750 a year per EACH sponsor using wires.