After receiving my first payment from Internet Traffic and looking at my Paypal account, I was surprised to see that a Paypal fee had been deducted from the received payment.This is because the parking earnings payment was not send using Paypal Masspay. Paypal Masspay charges a flat fee of $1 to the sender and no fee to the receiver of the payment.
All the parking companies I have used in the past were and are using Paypal Masspay to make parking revenue payments: DomainSponsor, DomainApps (former parked.com), Sedo etc. Sedo also uses Masspay to send payments from domain name sales.
The fee deducted from my earnings was almost 5% that is almost a day and a half of my monthly earnings:
|Amount received:||$252.91 USD|
|Fee amount:||-$12.69 USD|
|Net amount:||$240.22 USD|
I contacted Internet Traffic and asked them why they don’t use Paypal Masspay as all parking companies are using it. I also said that this reduces parking earnings significantly and this is not mentioned in their website.
They replied to me and told me that unfortunately due to their location (they are located in the Cayman Islands) and their Paypal account they are not able to Masspay through Paypal. They said that they would most definitely make their payments this way if they were able to. This is something that they are investigating, but at this time they are not able to Masspay through Paypal.
They suggested that I considered switching to receiving my payments by wire as the bank does not charge for incoming wires. I am certainly considering this but Paypal is very convenient for receiving payments.
I am sure that Frank Schilling will be able to Masspay enabled in his Paypal account. I have seen many people outside US/Europe do this.