Discussion of article "Payments and payment methods" - page 98
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small publisher here, bank transfer is not an option for me.
credit card withdrawal does not work with my Mastercard. Webmoney is unsustainable on the fees side, it means losing more than half of the earnings along the way.
Paypal was the only valid option for me, really a shame.
in any case, I do not want to be too pessimistic, on the contrary I want to encourage the administrators of Metaquotes to find another solution, perhaps lower the threshold for bank transfer to $ 1000?
you have to be critical with them (even if the farewell depends only on Paypal side) but also constructive, so courage!
we are here for you too.
Majority of earners in this thread fall into your category. I wonder if the MQL5 team actually sees this thread or has a represantitive so that theres some sort of dialogue and exchange of ideas to know whats feasible or not or the way forward. I wish there was a group chat for sellers and the administration.
When Paypal Payment withdraw option will resume again? Any one can reply ?
it wont return :
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Discussion of article "Payments and payment methods"
966346, 2025.02.08 05:08
Unfortunately, PayPal is unavailable due to technical issues on payment provider side.
Please try to use another payment system.
We are sorry for inconvenience.
Best regards,
MQL5.com Support Team
Hello,
this won't be available anymore
Please, use another payment options
Thank you
Dear User,
This is permanent. Paypal will not return again in our payment option.
Best Regards,
MQL5.com Support Team
Welp no more paypal
I attempted to withdraw $10 via WebMoney, but the Z account credited me with 10 WMZ instead of USD. When I searched for a P2P exchange to convert 10 WMZ to a USD e-wallet like PayPal, I was shocked to find the conversion rate was 12 WMZ for just $10—meaning a 20% fee instead of the expected 2%!
Now imagine withdrawing $10,000—the conversion loss would be a staggering $2,000!
This is an unreasonable fee for users who rely on PayPal for transactions. Please restore the PayPal withdrawal option as soon as possible!
What if MQ extends the payment system so that a client transfers his MQ dollars to his broker's trading account? However, I have no idea of the possible legal problems if this is the case.
After all, both have already carried out a KYC (know your customer) and it could lead to more customers for the broker: a triple win system?
MQ already offers a payment system for the clients to transfer money to their broker via the terminal - this works!
What if MQ extends the payment system so that a client transfers his MQ dollars to his broker's trading account? However, I have no idea of the possible legal problems if this is the case.
After all, both have already carried out a KYC (know your customer) and it could lead to more customers for the broker: a triple win system?
My broker requires you to withdraw to the same source the deposit came from , probably to not become a money bridge
My broker requires you to withdraw to the same source the deposit came from , probably to not become a money bridge
If they want it can be changed. I guess it's a protection against money laundry and if both MQ and the broker know and can ensure (KYC) it's the same person why not?
oh ok, thank you for information. I'm from USA, it probably wouldn't work since they asked to verify your address. The banking cartel doesn't make things easy. The only way around this is crypto. Even lesser known cryptos like RTM would do the job fantastically. Transfer funds in 1 minute worldwide for free then convert it to the currency of our respective countries in an online exchange. This site could even take advantage of the situation and release their own crypto coin for payments to customers. We would take payments in the MQL5coin then convert it in an exchange in our own country or even invest in their coin. Would be an additional revenue stream for this site.
Yes crypto would be a great option. You could also try Payoneer.
Add crypto payment please.
I do not think it is possible - because -
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How can I withdraw money from MQL5.com now?
Renat Fatkhullin , 2022.03.07 00:14
...We are completely dependent on payment gateways for deposit/withdrawal of payments.
And it is about the crypto and so on -
Forum on trading, automated trading systems and testing trading strategies
How to withdraw money from MQL5.com now?
Renat Fatkhullin , 2022.08.08 10:05
Unfortunately, crypto methods and stablecoins are not available to us now.
...
Unfortunately, we are limited in payouts by our payment gateways and tax jurisdictions.
As I understand: the tax jurisdiction is the EU, and the payment getaways are from the US.
It means that your proposal will not be implemented at least in the near future.