Discussion of article "Payments and payment methods" - page 160
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That's how all services work. Plus, you have to pay taxes. That's why I personally don't understand all your complaints. It's normal to pay a commission to the store. Yes, there's also a commission for withdrawals. Then, you transfer all the money to your bank account and pay taxes to your country. That's how business works—it's normal. I've never used PayPal; I always withdraw directly to a bank account. Everything works perfectly.
With all due respect, I think you're either being intellectually dishonest or you didn't understand his point at all. Yes, taxes and commissions are normal, but wire transfers aren't an option for sellers who don't have a high sales turnover like you seem to have. I'm sure most developers here fall into that category.
His point is that WebMoney is way more expensive than PayPal because when you withdraw from MQL5 to WebMoney, the USD converts to WMZ. Then, to actually use it, you need to convert WMZ to WMT with terrible fees, just in this step alone, you already lose somewhere between 15% and 25%.
After that, once you have WMT, you have two bad choices: either trade it via P2P, which is risky and costs another big chunk, or transfer it directly to your bank account, where WebMoney will charge a percentage plus a fixed WMT fee. So, compared to PayPal, it's ridiculously expensive. It seems like the whole WebMoney ecosystem is designed to eat away at your balance at every step.
Also, I find it odd that when a platform removes a payment processor, instead of pushing for better options and more withdrawal methods, some users just say things like “Yeah that's normal" or “Find a workaround”. It almost sounds like they're taking the platform's side for some unknown reason.
USDT is the digital equivalent of the us dollar in crypto and webmoney uses it to operate in certain regions if i understood correctly.
[if you use webmoney confirm this] so you could route to web money and then route to a tron wallet (hypothesis) and from the tron wallet to a crypto exchange.I know but webmoney is not allowed in US
It’s a stupid decision because cards are not working in UK. Will end up removing my products from here.
They will keep taking the 20% but wont give updated options for getting paid
That's how all services work. Plus, you have to pay taxes. That's why I personally don't understand all your complaints. It's normal to pay a commission to the store. Yes, there's also a commission for withdrawals. Then, you transfer all the money to your bank account and pay taxes to your country. That's how business works—it's normal. I've never used PayPal; I always withdraw directly to a bank account. Everything works perfectly.
but look at your sales. It could take a year or more from some to get to 3k.
It’s a stupid decision because cards are not working in UK. Will end up removing my products from here.
There are other places. I started putting mine elsewhere
With all due respect, I think you're either being intellectually dishonest or you didn't understand his point at all. Yes, taxes and commissions are normal, but wire transfers aren't an option for sellers who don't have a high sales turnover like you seem to have. I'm sure most developers here fall into that category.
His point is that WebMoney is way more expensive than PayPal because when you withdraw from MQL5 to WebMoney, the USD converts to WMZ. Then, to actually use it, you need to convert WMZ to WMT with terrible fees, just in this step alone, you already lose somewhere between 15% and 25%.
After that, once you have WMT, you have two bad choices: either trade it via P2P, which is risky and costs another big chunk, or transfer it directly to your bank account, where WebMoney will charge a percentage plus a fixed WMT fee. So, compared to PayPal, it's ridiculously expensive. It seems like the whole WebMoney ecosystem is designed to eat away at your balance at every step.
Also, I find it odd that when a platform removes a payment processor, instead of pushing for better options and more withdrawal methods, some users just say things like “Yeah that's normal" or “Find a workaround”. It almost sounds like they're taking the platform's side for some unknown reason.
I just wanted to say that I’ve never used PayPal because it’s not available in my country. However, I have used WebMoney, so I’m familiar with how it works.
What country are you from?
What country are you from?
I just wanted to say that I’ve never used PayPal because it’s not available in my country. However, I have used WebMoney, so I’m familiar with how it works. Unfortunately, there are many nuances related to the misuse of this platform, including the circulation of 'dirty' money through accounts and the withdrawal of 'clean' funds. I believe the issue here is not with the company itself, but rather with PayPal. Similar situations have occurred with other services in the past, leading to their closure under the same pattern.
From my perspective, it looks like you were trying to downplay the situation and shift the blame onto the users who are upset because their funds are stuck on the platform by saying things like "That's why I personally don't understand all your complaints".
That came across as a bit unfair to me. Plus, it didn't even seem like you understood what @Dustin Vlok said, or maybe you just acted like you didn't. And about PayPal deciding to stop operating with MetaQuotes, yeah, we're all well aware of that by now. Like you, we all just hope the company actually addresses this at some point.
What country are you from?