ePssporte VS. checks
 

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.

:helpme

Why can't we just all get along..

Why can't you add something valuable to the board..

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.

Do you know who framed Roger Rabbit ?

ok good, i'm glad i'm not the only one who thinks it's a crock of shit then LOL

how much are euro WMs paying to cash a check? christ i could wire them all the money for $20 a pop, still coming it at more than $100 less in cost than EP

I don't believe you pay those fees if you wire them the money, but I still dislike paying $2 to send money.

As a business account holder funding your account via wire, I don't think you pay the 5%.

I prefer Epassporte because between my travelling and the fact that my bank holds USD checks for 30 days, it can be 2-3 months before I see that money.

epassport is great for webmasters making $100 a month from 10 diffrent programs that might get charged $15 a check to cash it for most other people its a joke.

when you pay by eassport your going after the smaller affiliates.

I like epass as it's really easy to get my money but the fees are high but they can do that as they don't really have any competition right now and they know it. I just hope that googles payment system will support adult and fees come down thanks to the competition.

so are you saying that to wire $10,000 to EP they won't rape me for 5%?

is this written somewhere?

so do most of you accept your payments by check?