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Wise com Paypal Alternative for Affiliate Marketers and Freelancers
You can sign up for a Wise.com account here: https://wise.com/invite/u/matthewm1496
Paypal has been freezing many accounts of Freelancers and Affiliates. In some cases they even have been confiscating the balance of accounts through fines.
https://arstechnica.com/tech-policy/2022/01/paypal-stole-users-money-after-freezing-seizing-funds-lawsuit-alleges/
It has become obvious that Paypal is not a reliable payment system. Certainly not a place I would keep any type of important balance.
I have been using Wise.com formerly known as Transferwise to send money to my affiliates.
One great advantage of Wise.com is that it is pretty much available in any country. I have a freelancer who is in Sri Lanka. I paid her using Paypal for awhile then for no reason they cancelled her account.
I then found Wise.com and I have been able to send money no problems every month to Sri Lanka.
As more of my affiliates lost their Paypal accounts I have been using Wise.com to send payments directly to bank accounts all over the world.
If you fund your account, even with just a few dollars, it is free to send payments to other Wise.com members in the same currency as long as they have created some sort of balance.
You can also get a Wise.com debit card for $9. and withdraw $100 per month without any fees.
If you want to withdraw money to your bank account there is a small fee. It is the same as if you were sending to any other recipient.
Paypal does this part free but sending money is less expensive with Wise.com
I think the strategy is to find many different Paypal alternatives and not rely on one billing system. It is more of a hassle but for the security of your business I suggest you diversify. I am.
I would like to invite you to join our affiliate programs.
https://www.classifiedsubmissions.com/affiliate-program
https://www.realppvtraffic.com/affiliate-program
https://www.coolmarketingsoftware.com/affiliate-program
They are all free to join and some pay 50% recurring commissions.
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