To decide, here are some things to consider.
1. Checks are time-consuming.
You'll have to wait at most one month for the check to arrive at your doorstep. If there's a problem with the post office, you'll have to wait more days. Or worse, if the check is lost in the mail, you'll have to request another check and will have to wait for another month.
In our experience, checks arrive two weeks after they're sent. If your check isn't at your doorstep after a month, at least in Amazon's case, you can request for a new one. If this happens to you, you'll have to wait for another two weeks for delivery.
When you have your check, you'll need to deposit that in the bank. Clearing can take 40 days.
2. If you choose to be paid through checks, you'll have to open a USD account.
READ: How to Encash Your USD Checks
The advantage of this is that when your money becomes withdrawable, you can choose which money changer to go to. For better rates, go to Villarica.
3. Direct Deposit is hassle-free but can be expensive.
Clickbank and Amazon (through Payoneer) offers a direct deposit option. This is fast and hassle-free. Check your bank account in the afternoon or the following day and you'll be smiling to see your earnings already converted to pesos.
The disadvantage of this is that the exchange rates are lower by approximately $0.5. And if you get paid via Payoneer, Payoneer automatically makes a 1% deduction from your earnings.
Continue Reading...
- Payment Methods
- How to Encash Your USD Checks