'Settlement fees' - I would like to know what these fees are.
Thread poster: Michael and Raimunda Poe

Michael and Raimunda Poe  Identity Verified
Brazil
Local time: 21:07
English to Portuguese
+ ...
Jun 19, 2007

I was sent an email asking me to subscribe to the proz site. In this email it says that I can avoid settlement fees, I would like to know what these fees are.

Thank you.

[Subject edited by staff or moderator 2007-06-20 07:33]


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Vito Smolej
Germany
Local time: 02:07
Member (2004)
English to Slovenian
+ ...
paypal for instance charges ... Jun 20, 2007

....In this email it says that I can avoid settlement fees, I would like to know what these fees are.

...X% plus a fixed amount (depending on the sum) to transfer the money from the payer to the payee. This amount is deducted from the sum transferred.

I assume this is the money Henry was talking about. I other words ProZ would not receive 100%, but 100% minus X%.

Regards


[Edited at 2007-06-20 05:34]


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Henry Dotterer
Local time: 20:07
SITE FOUNDER
Wire transfers fees can be substantial Jun 20, 2007

Right, Vito, thank you for clarifying.

Note that *all* fees related to payments are waived as part of the current campaign. Savings on wire transfer fees, for example, can be substantial. You may have the cost of the wire taken from the amount you are paying for membership, rather than paying the fee in addition. (Of course we ask that you only use wire transfers or other means of payment that incur high fees if more economical means of payment are not available.)


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