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  1. #41
    Mikew's Avatar
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    I was going to start a new thread, but just before I do I wanted to ask everyone that have been active in this thread first.

    Has any of you guys ever heard or used services like Transferwise, Xe moneytransfer or Currencyfair to received your affiliate commissions before transferring to your local bank account?

  2. #42
    Triple7 is offline Private Member
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    Quote Originally Posted by Mikew View Post
    I was going to start a new thread, but just before I do I wanted to ask everyone that have been active in this thread first.

    Has any of you guys ever heard or used services like Transferwise, Xe moneytransfer or Currencyfair to received your affiliate commissions before transferring to your local bank account?
    I've had a look at Transferwise before. But it's more an exchange service than something else. It could be useful if you can receive your commission in currency A and want it in your bank account in currency B.

    But no idea how they react if you're going to transfer huge amounts coming from offshore companies.

  3. #43
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    eenzoo is online now Private Member
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    Transferwise/Borderless Account is awesome. Personal (local) accounts in USD, GBP and EUR and many more.
    You can receive and send wire transfers in no time for tiny fees.
    Eg. you can send EUR to your local Thai account and you'll receive THB based on the REAL FX rates.

    The only disadvantage to me: the ATM card is currently not available in Thailand.
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  5. #44
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    Quote Originally Posted by Triple7 View Post
    I've had a look at Transferwise before. But it's more an exchange service than something else. It could be useful if you can receive your commission in currency A and want it in your bank account in currency B.

    But no idea how they react if you're going to transfer huge amounts coming from offshore companies.
    Not anymore. I wrote them off as a hipster startup project as well, but they came with a solution now as Revolut (Skrill, Paypal).

    You can have balances at TW, you have even unique bank accounts for EUR, USD, AUD and GBP. You have the card if you register with EU address.

    Did not test them for affiliate payments yet.
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  7. #45
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    do you get any affiliate payments to your borderless accounts?
    what programs support it? (I guess anyone who would normally support wire payments).
    I'm only asking because we normally get slaughtered with exchange rates from USD to EUR and if you can get them to wire to transferwise USD balance than the interbank FX rate will be much better from transfewise. This can translate to 2-4% savings on exchange rates and transfer fees which is significant.

  8. #46
    marcus is offline Brand New Member
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    Transferwise just closed my business and personal accounts when I tried to open a business account for my gambling affiliate company.

    Here is a part of email which I received:

    We’re occasionally required to review your account to make sure it aligns with financial regulations and our internal policies.

    After reviewing your account, we’ve decided that we unfortunately are not able to offer our services to (my company name), as the nature of your business activities goes against our Acceptable Use Policy section Section 1.2.1 j. 6.

    According to this section, we do not support businesses or payments related to Any other type of businesses related to gambling, up to TransferWise’s own discretion.

  9. #47
    Aicky is offline Public Member
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    I've had the same last week
    what are you using now?

  10. #48
    FreeSpins is offline Public Member
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    Does anyone use Payoneer for aff business to get payments?

  11. #49
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    Yes, I use Payoneer for getting paid for a number of affiliate programs (not only gambling related) and from various merchant accounts.
    The fees (to receive) are a lot cheaper than Paypal for example and quite many companies support it.
    The pre-paid debit card they provide is also quite useful for accessing funds.

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  13. #50
    FreeSpins is offline Public Member
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    Quote Originally Posted by petimi View Post
    Yes, I use Payoneer for getting paid for a number of affiliate programs (not only gambling related) and from various merchant accounts.
    The fees (to receive) are a lot cheaper than Paypal for example and quite many companies support it.
    The pre-paid debit card they provide is also quite useful for accessing funds.
    OK, thanks. Will try it.

    BTW: Do you use business or personal account? Do they offer unique IBAN for customers?

  14. #51
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    Quote Originally Posted by FreeSpins View Post
    OK, thanks. Will try it.

    BTW: Do you use business or personal account? Do they offer unique IBAN for customers?
    I got a personal account. They can supply you with international IBAN via their "Global Payment Service" - you need to enable this manually on your account as it's not a default service. Country availability might vary.
    If you are just creating a new account and find this info helpful please consider using my referral link.

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