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Inspiring
November 1, 2023
Question

Protecting Contributors from excessive fees of payment providers

  • November 1, 2023
  • 1 reply
  • 319 views

Payoneer just announced a new additional fee when withdrawing an USD balance to an EUR bank account. They want 3% of the sum - which is in addition to the very unfavorable exchange rate applied.

 

It would be very nice of Adobe if they would offer direct bank remittance for EU contribs from the Irish subsidiary in EUR with official exchange rates USD to EUR applied (USD remittance to EUR bank accounts would also generate excessive bank fees - my bank charges 20€ flat fee). That would save around 4,5% overall transaction costs for contribs.

 

There are competitors who do it that way.

 

Anyone from Adobe listening who wants to take up this topic?

 

Thanks!

 

This topic has been closed for replies.

1 reply

Abambo
Community Expert
Community Expert
November 1, 2023

I use PayPal.

ABAMBO | Hard- and Software Engineer | Photographer
UfgPrAuthor
Inspiring
November 1, 2023

They used to be more expensive on sums larger than 100 USD because they even had a worse exchange rate and but I will consider to switch to PayPal. But it may be that Payoneer did just the first move and the others might follow.