Hello Everybody, this is Karim from France, host of YouTube channel “Karim Ukulele Therapy”.
I’ve been using payoneer for over a year and they blocked my last payment because of a out of date ID CARD.
My question is : if I move to Paypal, are money transfert capped to 25 US $ ?? It looks very very low, or I didn’t get it ?
Thank you !
This cap relates to the transfer fee, not your earnings.
Every time you transfer money to Paypal, you pay a 1% transfer fee. At the lowest this fee is 25 cents, but for higher pay-outs the transfer fee is capped at 20 USD. So you’ll never pay more than 20 dollars in fees. There’s no cap on your earnings, obviously
Not everywhere at least, in my country the amount of PayPal account capped to $5000 and this may be a problem since Patreon doesn’t provide partly payouts.