Use Transferwise. Let us keep much more of our money (-:
Your payment options all take a significant portion of our money. For most of the world that is approximately 10% of the 42.5% you pay us making it less than 38% of the revenue we generate for you, and barely worth doing, and so much money squandered on nothing.
Transferwise gives excellent foreign exchange rates (almost the market value), and charges 13.65 canadian dollars to transfer 1000 canadian dollars to euros.
13.68 to gbp, 14.51 to usd, 15.20 to indian rupee, 13.80 to hong kong dollars.
So all charges seem to be well under 2% for transfers to iban accounts.
Please offer this as a payment method.
They have a business payment method where you can upload a text file of up to 1000 payments per transaction, and I'm sure you can make multiples of these to fulfil all payouts, and it would be an easy thing to automate.
I'm sure for such a large company they could expand their system or update their code to allow easier integration too if neccesary.
They only require name, email, and iban of recipients plus the amount to transfer to make payments.
Transferwise was invented by two gentlemen who
"had personal experience of the "pain of international money transfer" due to bank charges on the amounts they needed to convert from euros to pounds and vice versa".
I have recently used it on recommendation of a friend who also uses it.
I started using it due to the complicated nature of international transfers and extortionate fees of my own bank, and every other one i looked at.
If you use transfer wise I would be ecstatic that I will be receiving a good chunk more of the money that you send me.
It would be a strong incentive to your models worldwide.
Thank you for your constructive feedback and recommendation regarding Transferwise. We will definitely share this with the team so they can further look into this method. Thank you very much for sharing with us!