Bank transfers fees has to be revisited
Hello đź‘‹
Apify already takes 20% of the revenue earned, so it doesn’t make much sense for a developer to bear 100% of the bank transfer fees. These fees should be split between Apify and the developer (SHA/BEN/OUR) if not entirely by Apify, given they already take a 20% cut.
FYI: This is how several other platforms operate to incentive developers.
For example, if someone earns $125, Apify takes 20%, leaving $100. After bank transfer fees (around 40-50) , the developer ends up with only about $55 (before local taxes, so you can imagine..)
This setup is definitely not encouraging for developers.
11 Replies
Someone will reply to you shortly. In the meantime, this might help:
national-gold•5mo ago
Another way I have seen it done is to take 0% of revenue earned below some amount. Ex: say the first 1000usd. This would also help incentivize more developers to build on the platform.
rising-crimson•5mo ago
Additionally, different payment methods can be added or the developer can be allowed to set a threshold for receiving the payment.
Payoneer is definitely a solid choice to get rid of these bank fees
Cc @Saurav Jain @Lukas Sirhal
national-gold•5mo ago
I will send all the feedbacks to the team but the industry standard is always the receiver pays the transfer fee, and it highly depends on the bank you are using for few devs it costs only 10-20 bucks for some it is 40-50 there is not much we can do here.
However we are looking into payoneer as it is a constant demand.
Thanks will forward it
Thanks for your response @Saurav!
the industry standard is always the receiver pays the transfer feeI'm not sure whether that it's a standard, especially for services that already take 20% cut (Upwork takes 10%: does the industry standard apply to fees but not to the cut? just saying)
for some it is 40-50 there is not much we can do here.You can add a configurable threshold that, once reached, the platform initiates the transfer, not like the currently automated $100. This could be a quick win until you add payonner.
However we are looking into payoneer as it is a constant demand.Thank you, looking forward to this 🙏
national-gold•5mo ago
Thanks all good ideas. will keep y'all updated 🙂
I just got an update from the team that we also bear the part of transfer fee:
SHA (default, and our choice) - costs of wire transfers are evenly distributed between sender and receiver
BEN - Receiver bears all the costs
OUR - Sender bears all the costs
Definitely, adding a configurable threshold as a quick win to not burn money paying those fees is the way to go until we setup Payoneer.
Thanks a lot @Saurav Jain
national-gold•5mo ago
It was definitely SHA and the feedbacks are already passed. Will keep you all updated.
robust-apricot•4mo ago
Hi, may I ask when Payoneer is expected to go live? Or is it already possible to use a Payoneer account for transfers now?
national-gold•4mo ago
We are evaluating the option as of now.