By ToddIf you cashout from BuySellAds via PayPal AND you have an international PayPal account, they have made big changes to their fee structure. So, if you do not cashout via PayPal OR you have a US based PayPal account, this change does not effect you.
Previously, the fee was 2% of the total amount with a $1 cap. So, the most that would ever be paid is the $1. The recent change at PayPal is increasing this cap to $10. So, it’s 2% of the transaction with a cap of $10.
At BSA we have always absorbed reasonable cashout fees like this. For example, we pay publishers via check or PayPal for free up to two times per month. Both cashout methods cost us roughly $1 to process and it was easy for us to bury this fee for everyone. However, we have never covered fees for cashing out via wire transfer since it is much more expensive and not very easy to bury. Unfortunately, this new fee structure from PayPal also isn’t easy for us to bury. We will still cover the original $1 per cashout that we have always covered, but the remainder of the fees will now be deducted from your earnings.
For example, let’s say you are cashing out $1,000. Previously, you would receive exactly $1,000 since BuySellAds would cover the $1 processing fee. Now, if you have an international PayPal account and cashout $1,000, you will see $991 in your PayPal account ($1,000 – $10 max payment fee + BSA’s reimbursement for the original $1 fee).
Don’t worry, you still have options:
1. You can opt to cashout via check, which will continue to be free. We understand that cashing out via check does take a bit longer to arrive, but it’s also free.
2. You can reduce the number of times that you cashout to minimize the fees. If you are the type who regularly does 2 cashouts per month, maybe drop down to 1. Or, cashout every other month. We’re not trying to suggest that it’s possible for everyone to do this, but it is another option.
In addition, we will be working to integrate some additional payment options for folks living abroad (we love you the same as we love our US based publishers!). So, stay tuned here on the blog to find out when more are available. We’d also welcome any feedback you have in working with the other usual suspects: Payoneer and Skrill (formerly Moneybookers). If there are others you are using, please speak up.
