[Question] 3dHubs payouts: IBAN vs Paypal

Kizmet · 2016-09-19T12:09:00.000Z

So I wanted to know which method is more cost effective.

Let’s assume that my hub named TestHub is expecting a USD 100 transfer.

1.) Should TestHub receive these funds via IBAN (EU Account) or via Paypal?

I would assume depositing those funds back to your bank account would incur fees as well.

Thoughts Anyone?

keebie81 · 2016-09-19T18:33:29.000Z

Theres no paypal fees when being paid by 3dhubs

Lembach3D · 2016-09-20T12:15:08.000Z

depending on the country paypal charges fees.

Asad3D · 2016-09-20T15:55:45.000Z

Hey @Kizmet, as @keebie81 commented, you as a hub do not incur any fee. So if your hub is expecting a transfer of USD100, you will receive USD100.

It all comes down to preference, however keep in mind that SEPA (IBAN) will always be paid in Euros whereas PayPal transfers can be made in 25 different currencies. In your case, the transfer will be the same, it just depends on what method you prefer.

Cheers!