Best Ways to Get Paid in Affiliate Marketing: 2020-21
Best Ways to Get Paid in Affiliate Marketing: 2020-21
In this post, I will elaborate on some of the best paying methods which are widely used by Affiliates all around the world. You can choose from any one of them to withdraw you're earning from your affiliate account.
If you have just started working with Affiliate Marketing System then you can simply sign up from any one of the paying methods as per your convenience and your country. If you already know everything about these paying methods then you can some advance tips to make some changes to get paid better through Affiliate Marketing.
One more thing, Always choose the paying method for your Affiliate Payment which has low fees and charges. I will also describe the fees and charges of different payment methods in this post. So, let's Start the Post.
Paypal is used by most of the Affiliates for a long time. They love to get their payments through Paypal for a long back because of its flexibility and trust. They have easy to deposit and withdraw the system, which makes it so popular to get paid your earnings through Paypal. It's fees range between 3-5% for each deposit or withdrawal you make through it.
One of the most common reasons that most of the Affiliates use Paypal for their payment option because Most of the Affiliate Companies pay their partner or affiliates through Paypal and it's used widely in the online world.
You can start your Paypal account free of charge, you don't need to pay any kind of fee. All you need to do is upload some documents for deposit and withdrawal due to verification. You don't need to maintain any kind of balance or low balance charges from their side.
PingPong is also a great service for receiving international payments from affiliate companies. They charge very low fees for receiving and withdraw your payment. They charge as low as 1% fees. They also providing automatically FIRC for their customers. Most of the Amazon Affiliates use PingPong to receive payments.
You can join PingPong without any fees or charges and you don't need to maintain any kind of minimum balance. Once you open up the account, your account will be activated within 2-3 days. This is the only step, which is involved in PingPong to wait for activation of account. This is also used by many affiliate companies to pay their affiliates easily.
Payoneer is also a best way to get paid by Affiliate companies, Many Bloggers love to receive payment through it. Amazon Sellers and freelancer also use it to receive their payments regularly. They charge 2% for every transaction, Which is also low.
You can open your account in Payoneer for Free of Charge and you don't need to maintain any minimum balance to keep your account with them. Their support system and response rate is very good. You can ask anything through help center. Many advertising network directly connected with it, so it's make them their favourable also.
4. Direct Transfer into Bank Account or Bank Wire Transfer
If you are earning good amount through Affiliate Network program then you can also use Directly Transfer into your bank account. Many Affiliate Network Companies also offers this option to directly withdraw your earning into bank account and that's also a great option to get your payment directly into bank without any third party.
But, If you are from India then you should need to know these things before you can proceed with Direct Wire Tranfer-:
a.) Indian bank charges extra amount for converting international currency into Indian Ruppes.
b.) At the present time, Due to economical condition in globally currency conversion rate is very high.
c.) Sometimes you will need to pay up to 5% for every single transaction and that is very high.
So, these are some disadvantages for withdrawing your earning directly through wire transfer. You can make some education in these charges by using a current account. Current Account has lots of facility and also charges less fee compare to Saving Account. So, that's reason I told you in the beginning that if you are earning good money through affiliate program then you can withdraw your earning by wire transfer option.
Always remember that if you will recieve the earnings in International Currency then you should need to read your FIRC documents also. Which is very important for receiving international payments in your bank account.
Stripe actually favourite payment processor for entrepreneurs, they like it to pay their affiliates through it and it's makes it easy to collect their payments through this medium. This is coming into the new Trend and really working well with Lower fees and charges. Lots of Affiliate companies already connected with Stripe. It's available in many countries and support almost all platforms.
Partnerstack has started using it some time before and its working great.
Skrill is also a good payment method for getting paid through various payment programs online. They also providing mobile app for fastest transaction as per the facility of their customers or users. They charge 1% for depositing fund into account and up to 7% charges for withdraw fund. You don't need to pay any fees or charges when you send money to international bank account. They charges 2% for Domestic Transfer or Local Transfer. You don't need to pay money for receiving the amount.
If you transfer money from your Skrill account to Skrill account then they will charge 1.45% or minimum 0.50 EUR.
So, These are some of the best payment processor for getting paid through many affiliate companies. Lot's of affiliates already getting their payment on time through these payment processors. You can choose any one of them as per your countrywise convenience. In India, Paypal and Direct Deposit Payment Methods work better then other payment methods.
There are some other methods also available on different sites, Some of them also paid their users through Check. But getting your earning through Check is very slow process and takes too much time to get your earning in your hand. Because in India, Check clearences process is very slow and particularly if you are clearing any international payment check then it would take so much time to be clear and add up into your bank account.
So don't choose check as your payment method. Some sites in India also paying through PayTm which is available in almost every users mobile in app format. You can easily withdraw your earning through PayTm and then deposit or withdraw it into your bank account. PayTm provide fastest service, So if you are from India and PayTm is available as payment method then go for it. It's best for you.