Quote:
Originally Posted by Xenigo123
If you get a Paypal payout you are just eating away at your already hard earned profits with Paypal fees. If you can get a sponsor to direct deposit your payout then it would be worth it, but why would you let Paypal rape your payout with their excessive fees just to get it a little quicker?
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Sometimes if you are a new business and don't have much capital then getting a quicker payout is much more profitable than having to wait a while to get your money even though you are paying more fees.
What I mean is, say you didn't have much money at all, and then you had your payment by paypal where they took about $30.00 for fees. Now say if you would have got a check and had to pay $5 for the fees, a check would have been better. But then again, waiting for the check to arrive and clear could take anywhere from 1 week to 2 months. Now by the time you have waited there, you could have already re-invested that money that you would have got from paypal and made much more than what you would have lost in the fees during that time of waiting.
If you are running rather smoothly though and have some capital behind you, then I would prefer to receive earnings by check or direct deposit depending on which one is the cheapest.