How affiliate marketers earn/get their money?
Well, here are some payment options, that widely common. Different affiliate programs and networks offer different internet payment option in order to choose the one, which suit you best. Most popular payment options are: Checks, PayPal, Epassporte, Wire Transfer, E-gold. There are some others, but not so common and used by most of the internet companies. The first question that it comes after joining an affiliate program is: How Will I Get MY Money? And the answer is: Choose your payment option. Below has a short reviews of what every single option is and how does it works.
Most common affiliate programs payment options:
1. Checks are one of the most popular payment options on the net. They could be shipped to you via Mail, FedEx or other delivery company. Here is an example how they look like:
After getting you – you need to cash it out in your local Bank, you can get cash or money in your bank account and cash them out wherever you want to from your Bank of ATM machine (your bank account should have credit/debit card). For more information visit Wikipedia – Check.
2. PayPal – Every one operating with web sites and online businesses as well as affiliate marketing programs is familiar with this payment system. PayPal is well promoted as the safer, easier way to make an online payment or set up a merchant account. More then 1 000 000 sites are working with them. You can use Visa, MasterCard, Discover, and American Express with PayPal. Plus, when you pay with PayPal, you do not expose your credit card number to the merchant. Payments can be made locally or in 190 countries and regions worldwide. Also you should know that they are 3 types of PayPal Accounts:
Evey single account has its fees, features and benefits. PayPal allows members to have one Personal account and one Premier or Business account. However, each PayPal account must contain unique email addresses and financial information. You may upgrade your account at any time. For more information visit the Official PayPal Site.
3. ePassporte offers consumers a debit Visa Account that is obtained instantly online as well as businesses with payment processing and affiliate payment solutions. You can check your balance and purchases as often as you like by checking your online transaction history. ePassporte provides you with real-time transaction and balance information.
Despite having different numbers, both the ePassporte Visa Virtual Account and ePassporte Visa Card are one Account. Funds loaded onto your ePassporte Account are available to be used on either your Visa Virtual Account or your Visa Card. For more information visit ePassporte Official Site.
4. Wire transfer is a method of transferring money from one entity to another. A wire transfer can be made from one entity’s bank account to the other entity’s bank account, and by a transfer of cash at a cash office. Bank transfer is the most common payment method in Europe, with several million transactions processed each day. That’s why most European Affiliate Programs has it as a payment option, plus some from the mentioned above.
Bank-to-bank wire transfer is considered the safest international payment method. Each account holder must have a proven identity. One of the largest companies that offer wire transfer is Western Union (minimum of £25 in the United Kingdom, or $15 in the United States). For more information visit Wikipedia – Wire transfer.
5. E-gold is the only tangibly backed, worldwide electronic / payment system. e-gold is 100 % backed by physical gold (silver, platinum, palladium). e-gold is a digital gold currency operated by Gold & Silver Reserve Inc. under e-gold Ltd., and is a system which allows the instant transfer of gold ownership between users. e-gold Ltd. is incorporated in Nevis, Lesser Antilles.
Many small businesses and affiliate marketing programs in the U.S., Europe, and Asia, each with full-time staff, now operate as “digital currency exchangers”, doing nothing other than buying and selling digital gold currency for national currencies which are not backed by hard assets.
E-gold charges an account fee (or “agio Fee”) of 1% per annum (deducted in monthly payments) on all e-metal stored. Unlike fractional-reserve banking, e-gold holds 100% of clients’ funds in reserves with a store of value. Fro more info visit the E-Gold Official Site.
There are some others payment systems / processors which affiliate marketing programs use in order to help the webmasters worldwide get better choices.
Here are some related topics: