Does this host pay from swizz? I Think not and we're not able able to add funds to our accounts payza tell us to use an exchange service which get his own fees...
Hi,
ul.to | Till.
According to PayZa phone support, they only require an exchange service for accounts in their recently re-defined "regulated" categories, indicated here:
https://www.payza.com/legal-agreements/payza-terms-and-conditions#regulated_account_types
For the record: I am not "shouting" in anger. USA affiliates share your pain, 10x. Caps and bold were merely added for emphasis.
I believe that some hosts have created new PayZa accounts which are intentionally NOT classified as "regulated", as a working (temporary?) solution.
These may be personal accounts; these may be newly established "independent" business accounts.
This is successful. This is an option for your consideration.
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As a more sustainable solution, would it be possible for you to systemically charge the equivalent of the exchange fees to USA affiliates during an
AlertPay/PayZa payout acknowledgement transaction?
Please allow me to explain:
AlertPay/PayZa automatically charges a
2-3% EUR to USD currency conversion fee for INBOUND transactions into the USA. So, when UL sent EUR300$ to USA AlertPay/PayZa, then USA affiliates were automatically charged EUR6-9$.
In other words, USA affiliates have always "only received" EUR291-294$ from a EUR300$ payout, after conversion fees. This is not a complaint. This is a simple matter of conducting international commerce, and someone has to pay the money changer.
IF you charge affiliates for the same 2-3% currency conversion fee, UP FRONT, then:
1. Total UL balance/payout will remain as requested, for accounting purposes.
2. Affiliates will be charged the same ONE TIME transaction fee that we are accustomed to.
3. Affiliates will not be charged the same fee on the back-end, since funds are already converted.
4. Affiliates will still receive the same "net" payout that we always have.
5. UL will be "charged" the same payout that they always have.
6. Both parties retain a mutually supported payment processor.
7. Everyone lives happily ever after.
I envision a warning pop-up (similar to the 20% fee pop-up), and on-screen dialog which WARNS of the 3% currency conversion fee, once the PayZa payment method is selected:
"You have selected a payment method which requires an automatic 3% currency conversion processing fee. If this is unacceptable then please select an alternate payment method."
Four hours of planning (appearance/presentation/verbiage), six hours of coding with pre-production testing, three hours of internal post-production testing,
all while maintaining an existing mutually trusted intermediary payment processor seems more plausible than exposing ourselves to the risks of implementing a new payment processor, IMO.
Besides, implementing a new payment processor would still require all of the planning/coding/testing above, PLUS every additional risk of asset freezing.
Agreed?
Sorry for the late reply and Happy Holidays.
FL