One of the worst things about the end of the money for me right now is what happens to my bank account as I go around and pay all of the bloggers and other freelancers that I work with. I continue to spend inordinate amounts of money on slowly growing my business online, and the one thing I have learned is that Paypal, while great in some respects is such a huge rip-off sometimes. Not only does it use horrible currency conversion rates, but they also fee my freelancers to death.
I wish there were other popular services that I could use. Luckily, some of the people I work with live in the same country as I do, and as such, I can e-mail money to them through an e-mail money transfer system that all of the banks in Canada participate in.
Why not just use advertising revenue, and have companies pay the freelancers directly? Well, the sites I run outside of this one, don’t make enough to do that. Hopefully, at some point that will change, but for now, it is definitely helping me realize how much work I have to do on the ad sales side to make this business of mine break even.
Are there better services than Paypal? Are there better ways to pay bloggers? Let me know in the comments below.