13 replies to this topic

[tommr]

I want to sell advertising on one of my sites and was wondering what methods of receiving payment are considered good or bad.

[jonbey]

So far I have only sold advertising to UK clients and payment has been by direct bank transfer to my business account. Simple, no fees.

[EGOL]

My advertisers are small, traditional organizations. I doubt that they would want to mess with paypal. They are happy to pay by check.

[iamlost]

The majority is via direct bank transfer, the remainder by cheque.

[DonnaFontenot]

Paypal for me.

[tommr]

Thanks for all the input.

[bwelford]

PayPal for me too. It keeps the records in one place and customers can always pay via credit card if they do not want to open a PayPal account.

[jonbey]

Yeah, but Paypal take a big cut don't they? If you can get payment direct to your bank account then that means all the cash is yours.

[A.N.Onym]

Though I don't sell advertising atm, I'd use a subscription payment via Paypal or credit card billing through an online payment system.

[DonnaFontenot]

I don't see 3 percent as being a big cut (it's not exactly 3, but that's close enough), but even so, you can just build it into the price. So if you want x amount, just charge x plus a bit extra to make sure you end up with x after the cut.

[jonbey]

True. I did bill someone about £300 quid once and that 3% cut seemed too much considering they could have paid me direct. If you are billing someone £2000 then it starts to seem a bit steep. But you can factor it in.

[A.N.Onym]

Doesn't a wire transfer cost $15-35? In which case, the advertiser either has to pay more or you have to get less. Even at $15, it'd take $450 to make it worthwhile to use a wire transfer, rather than Paypal (then again, it probably costs as much for PP to wire the money, too, right?)

[jonbey]

Maybe different banks charge differently. For UK accounts there is no fee for me to take cash direct into my UK business account. I guess from overseas there may be a charge, then again, that may only be incurred by the person paying?

[A.N.Onym]

Yes, it's always on the sender's side, but it may also depend on the payment system.

For example, Plimus charges me $25 every time it wires me the money. I've also switched to using the Payoneer card ($2 for putting money on the card, $2/mo), but it's a very flimsy way of receiving money, but it's useful for faraway 3rd world countries, where it's easier/preferable to use an ATM, rather than a bank

Edited by A.N.Onym, 28 November 2011 - 10:02 AM.