Cashing your affiliate cheque

[temi]

Each time I bank my affiliate cheques (usually from an American company) I have a mixture of elation and sadness. Each cheque I cash I lose money twice, first from the exchange rate conversion and secondly the bank charges, my bank charge £10 to clear a foreign cheque so that the time all deduction as taken from the huge seeming cheque there isn't much left

Any webmaster with similar experience or have you found a better solution?

 

[Paul_KY]

I would say, find an affiliate program in your Country, or one, which issues checks based on your currency.

If you're taking a shot at our Dollar being down to the Euro, well, we're at war right now. But it's excellent for the Global economy, as Countries outside the U.S. are able to export on the cheap.

Good Luck

Peace

 

[temi]

Not taking a short at Dollars, just coplaining about paying £10 (about $15) to cash $100 cheque.

The sad think is that there isn't that may UK affiliate those that are for example Google Adsense sends chque from US in dollars

 

[Paul_KY]

That's not true, anymore. Check out cj.com

Or hey, come to the U.S. arty:

 

[temi]

Thanks for the IV to US. I have not been to CJ for a few years, I will probably pop by and see if they have webmaster related affiliate program.

 

[Duke]

At least you're getting cheques :?

 

[Eric]

Well I dont have any problems with google, but then again Im in the states. Surely there is something google can do because that seems to be a lot of wasted clicks.

 

[novocaine]

speaking about deductions and banks.. i cashed in two payments today
1. from Finland to Romania 120$ -> 100$ (-deductions, bank taxes..& stuff)
2 from Tampa, Florida 100$ -> 65$ (WU tax + RAC tax)

THIS SUCKS.. i lost at least $50 on this.. and $50 in my country are a looot of money.. what can i do about it?? any other ways of payment???

 

[Paul_KY]

I know there is a way to open a U.S. bank account, even if you're overseas. I've seen it mentioned on many forums.

This may be an option.

 

[temi]

Radu,
Try getting your client to credit you account directly if that is an option, that way they pay the transfer fee.

Or if you can open a US account like Paul suggested that could save you some money

 

[pichunter]

Hi guys

I also pay £10 to Abbey everytime I cash a cheque, you get used to doing it :shock: - you do.

After paying up £10 for every cheque over the years I've changed certain things to suit me and my pocket:

Set minimum payments to a higher amount after 2 to 3 months of receiving cheques, do this to make sure the sponsor is going to pay on time etc. You don't want to pay £10 on every $100 when you can pay £10 on $400. All my minimum payouts are set to $200
Look for sponsors who pay in Sterling.
Look for sponsors who pay via Paypal - you can then make direct deposits to your bank - no fee.
WATCH THE EXCHANGE RATE - VERY IMPORTANT.
I remember not so long back i was getting £1 = $1.48, today it's £1 = $1.85 http://www.xe.net/ucc/

If I can offer anymore I'll be happy to.

pichunter

 

[novocaine]

temi, after we set the price for the work.. i can't ask him to pay the fees.. that's my "job".. my question is how can i make the fees minimum..
Paul: and when i try to cash in my money from the US bank account?? no fees??

 

[temi]

Re:

temi, after we set the price for the work.. i can't ask him to pay the fees.. that's my "job".. my question is how can i make the fees minimum..
Paul: and when i try to cash in my money from the US bank account?? no fees??

Radu,
I am talking about future payments. I have a guy from Romania who do some work for me on a regular basis, I have his account number, I just credit his account directly from UK, that minimise the money he needs to pay if I had sent him a cheque. I am suggesting that in future you ask your customers to credit you bank account directly.