Wednesday January 14 2015
As YEOA HK Ltd. invoices relatively small amounts per inspection on 10 days credit terms, the bank transfer fees to our account are a considerable expense.
The transfers fees of the average European or US Bank range from 25EUR to 45EUR or from 35US to 60US for a single transfer, plus incoming charges on our end.
These fees are in our opinion a rip-off, and not justified at all. Nevertheless, there is not much any of us can do about this.
As an alternative we propose to customers the use of PayPal as a means for payment. PayPal is in general free for the sender.
Paypal is in Europe not commonly used as an outgoing business payment solution, but looking at the fees outlined above, PayPal seems a viable solution.
For us, PayPal has been a cost efficient and troubleless payment provider.
