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I just received my second payment from Beer Money Forum, and I've got the payment in my PayPal very fast!

Thanks Mr.B!

Here's my payment proof:

 

[BMF]

Ups... I f*cked up this time. I paid using my credit card and they took the fee from you cuz I choose to send payment for a service and could not see an option for paying the fee. But you see that option when you pay for friends and can't use that anymore due to PayPal policy. My advice cash out at 10000 BMF Coins to avoid such big fee.

 

[Miya]

@Mr.B - So does that mean that all cashouts from now on will have a fee?

 

[BMF]

@Mr.B - So does that mean that all cashouts from now on will have a fee?

When I have money in my PayPal balance, no fees are taken by PayPal, but when I send with my Credit Card no way to pay the fees, there's no such option.

I have to send money as service to avoid PayPal question me... they see I pay under company account and I believe if I pay so many payments as friends payments this can get me in troubles.

I believe it's easier to achieve $5 here if you post new programs, even $10 and avoid such big fees.

 

[kaka135]

I was wondering about the fee too, but didn't know there are different options. If you have money in your PayPal balance, it's not charging fee from both you and me too, right? If this is the case, perhaps I will wait until you have money in PayPal, then only I withdraw. The fee is actually quite high for me.

Yes, with the promotinal rate for posting new programs, it really helps me to make money faster here.

 

[BMF]

@kaka135 Yes, you can try yourself, I believe its same thing even if you have PayPal personal account, mine is business and this is what I have to deal with when no money in my PayPal balance.
Anyways you know I pay, you can hold your BMF Coins as much as you like, you'll be paid period. Would love to see a $10 cashout or even $20 by you!

 

[Crystal]

When I have money in my PayPal balance, no fees are taken by PayPal, but when I send with my Credit Card no way to pay the fees, there's no such option.

I have to send money as service to avoid PayPal question me... they see I pay under company account and I believe if I pay so many payments as friends payments this can get me in troubles.

I believe it's easier to achieve $5 here if you post new programs, even $10 and avoid such big fees.

If it is not possible anymore to receive the minimum withdraw without fee then i'm agree with paying the fee (so many PTCs are making members to pay the fees too even clixsense when they had paypal) but i'm not agree with the theory of increasing minimum withdraw from 5$ to 10$. If the minimum withdraw will be raised to 10$ on beermoney then i'll have to quit and stop my activity here. It will take me and some members to long to reach the minimum also higher minimum withdraw on a website makes it not to be trusted . It is better to receive asap 4.48 instead of 5 than waiting for 10$ .

 

[BMF]

If it is not possible anymore to receive the minimum withdraw without fee then i'm agree with paying the fee (so many PTCs are making members to pay the fees too even clixsense when they had paypal) but i'm not agree with the theory of increasing minimum withdraw from 5$ to 10$. If the minimum withdraw will be raised to 10$ on beermoney then i'll have to quit and stop my activity here. It will take me and some members to long to reach the minimum also higher minimum withdraw on a website makes it not to be trusted . It is better to receive asap 4.50 than waiting for 10$ .

I never said cashout will be raised to $10, I said wait till you make $10, means you can cashout at $10 and avoid 2 fees.

There's no option to pay the fee unless you choose "send money to friends" but can't do that because of my PayPal is business account and I must pay for services you provide here, which is posting to avoid any future problems with PayPal, also I can put even min $1 cashout, I don't care at all, but I was thinking to those money being flushed on PayPal fees since all payments are funded from my credit card.

Try to introduce programs, you will earn 50 BMF guaranteed, the minimum characters has been lowered to 350, that's about 3 lines, and you can get up to 100 BMF Coins, means 10 cents, if this isn't worth your time is better to not bother earning BMF Coins.

 

[Crystal]

That's ok, i understand the problem , i don't mind paying the fee .
~90% of my earnings online right now, are in bitcoin, so a fee of ~0.50$ its about 20k satoshi.
I'm used to pay fees when i send bitcoin :Giggle: And when i have to send 10$ in bitcoin sometimes i have to pay 3$ fee . so 20k satoshi is not that scarry to me .
5$ as minimum withdraw is fine I know you didn't said about raising the minimum to 10 , im just saying ,if you plan that, it is not recommended to do it but if someone can wait for 10 to pay less fee then good for him

 

[BMF]

@******* The only reason the cashout of BMF Coins is at minimum $5 is because of the fee, if is $1 you lose $0.33 on PayPal fees so you left with $0.67 on your account.

What do you think is a better minimum cashout for BMF? Forget about all we discussed, forget you know me just keep in mind almost you lose on fees no matter the amount you ask.

After your answer will decide if I lower the minimum withdrawal or not. The decision is in your hands right now!

 

[kaka135]

@Mr.B I tried to transfer money to my friend before, and there was no fee charges, but I haven't try when there's no money in my PayPal.

I actually prefer not to pay for the fee, especially when I know the owner is paying, I usually wait for bigger amount to avoid having to pay too high, as I am already not earning much online, though there is still a risk. I think $5 is fine for the minimum cash out, but it'll be good if we can choose to cash out at bigger amount, like what was suggested.

 

[Crystal]

@******* The only reason the cashout of BMF Coins is at minimum $5 is because of the fee, if is $1 you lose $0.33 on PayPal fees so you left with $0.67 on your account.

What do you think is a better minimum cashout for BMF? Forget about all we discussed, forget you know me just keep in mind almost you lose on fees no matter the amount you ask.

After your answer will decide if I lower the minimum withdrawal or not. The decision is in your hands right now!

oh my ! :Spiderman:
Well i will answer with a question .
Can you simulate sending of 3$ to see how much is the fee ? Do it for 4$ too.
Start a voting poll and keep it active for quite long time, let's say 1 week or 1 month to gather as many votes you can, with such question :

Due to payments/account type conflict with the paypal policy, beermoneyforum users will have to pay the transaction fees.
What is minimum withdraw you are happy with, on beermoneyforum ?
Answer 1 : $3 = you pay $x.xx fee.
Answer 2 : $4 = you pay $x.xx fee.
Answer 3 : $5 = you pay $x.xx fee.

My opinion is if you have a lower withdraw such as 3 or 4 i think more users will feel ok to join and be active . So a lower withdrawal can only bring prosperity to the forum .But the other side of the coin is the fees ,thats why is good to know the fees for 3 and for 4$ withdraw, so people will know what to expect when they are voting.
And while voting is active keep the $5 as minimum with fees paid by members for your paypal account image with paypal.

I think 80-90% of the online money earning websites are making members to pay the fees on withdraw.

 

[BMF]

Yes, we can calculate with a paypal fee calculator.
I pay for your posting services here, you must pay the fee as per PayPal terms.
A poll coming up to decided what's best for the BMF community. Thank you for great suggestions!

 

[Miya]

I also prefer to not pay any fees at all. I feel like I deserve all of my money since I worked hard for it. Of course, I know that is not the fault of you or BMF.

How about offering other forms of payment like giftcards? Giftcards have no fees and it's what I always opt for when I know for sure there are Paypal fees. You could offer Paypal and giftcards so users can choose what they want.

I can't imagine giftcards being a big hit, but at least it gives us users come options so we can avoid the Paypal fees.

 

[BMF]

I also prefer to not pay any fees at all. I feel like I deserve all of my money since I worked hard for it. Of course, I know that is not the fault of you or BMF.

How about offering other forms of payment like giftcards? Giftcards have no fees and it's what I always opt for when I know for sure there are Paypal fees. You could offer Paypal and giftcards so users can choose what they want.

I can't imagine giftcards being a big hit, but at least it gives us users come options so we can avoid the Paypal fees.

I always thought people want money, not Giftcards, I believe there's not enough volume to consider implementing another cashout option for now. Still a good suggestion. Thank you!

 

[Zakariea]

Please help me! How to I add my PayPal account or email address in BMF. How to I withdraw?

 

[overcast]

Congrats Kaka on getting rirst payout. I am far away from that as of yet. For me 5$ payout means 75 cents cut. So i get like 4.25$. And with new price change for Indian users these days often the charges makes the final payout like 3.90$ per 5$ payout. So in short it reduces the earning for sure.

 

[BMF]

Please help me! How to I add my PayPal account or email address in BMF. How to I withdraw?

How can I cashout?
Payments are made guaranteed via PayPal on 25th of each month.
(old active members can cashout in less than 24h, contact @Mr. B)
more info

All cashout are sent manually. Full info about minimum cashout here.

 

[suresh]

I always thought people want money, not Giftcards, I believe there's not enough volume to consider implementing another cashout option for now. Still a good suggestion. Thank you!

This is true, people always want Money as it can be used for anything. It is one of toughest thing to add another payment processor or to deal with other websites as B will need to spend even more time.

 

[ipol12]

Congratulations! I am a long time member as I joined this site after subscribing to The Forum Wheel I think. I just remember this site after an email received. I would love to stay here if possible, and this payment proof gave such a hope.