Payment Methods

Understanding the different nuances of payment methods can be crucial, and not only in terms of fees. Below we explain in more detail which payment types we offer at Traffic Company.

Currently, this includes: Wire (bank), Paxum, Paypal and USDT. 

Wire (Bank Payment)

Wire payment is a method of electronically transferring funds from one bank account to another, either within the same country or internationally. Wire payments are often used for large transactions, because they can be processed quickly and offer a reliable proof of payment.

Pro's:

• Security: Wire transfers are among the most secure payment methods. They are handled directly by banks, reducing the risk of fraud.
• Global reach: Wire transfers can be sent internationally, reaching almost any bank wordwide.
• Large Transactions: They are ideal for transferring large sums of money, as there are typically no limits on the amount that can be sent.

Con's:

• Costs: Both sender and receiver may incur signficant fees. Especially international wires can be very expensive. 
• Speed: Transfers can take several days to complete, particularly for international wires.
• Transparency: Receiving a wire transfer requires sharing bank details, which might not be comfortable for everyone.

Paxum

Paxum payments are very known in the affiliate marketing sector. This mainly for its ability to handle multiple currencies and provide quick, secure transactions. Users of Paxum can send and receive money using an e-wallet system, which allows for immediate access to funds through various withdrawal methods including bank transfers and prepaid cards. Paxum is recognized for its convenience in managing online payments and for offering an efficient financial solution for international commerce.

Pro's:

• Convenient for digital industries: Paxum is particularly popular in the digital and affiliate marketing industries, offering easy transfers between accounts.
• Currency options: Paxum allows account holders to hold funds in multiple currencies.

Cons:

• Limited Acceptance: Not as widely accepted outside of specific industries.
• Fees: There are fees for receiving money and withdrawing funds to a bank account (however, these are generally much lower than PayPal for example).
• Privacy Concerns: Paxum requires personal information for account setup. For some this could be considered as a breach of privacy.

PayPal

PayPal payments involve using an online platform to send and receive money electronically. Users create a PayPal account linked to their bank account, credit card, or debit card, enabling them to transfer funds to other PayPal accounts or make payments for goods and services online. This service provides a convenient and secure way to handle transactions without sharing bank details with third parties.

Pro's:

• Widely Accepted: PayPal is accepted by millions of businesses worldwide and is a common payment method for online transactions.
• Ease of Use: Sending and receiving money is straightforward, requiring only an email address associated with a PayPal account.
• Buyer and Seller Protection: PayPal offers comprehensive protection policies for both buyers and sellers, adding a layer of security against fraud.

Cons: 

• Fees: PayPal charges fees for receiving money, especially when it comes to business transactions and international transfers.
• Account Limitations: PayPal can freeze accounts with suspiscious activities, sometimes without immediate explanation, affecting access to funds.
• Withdrawal Time: While transferring money to PayPal is quick, transferring funds from PayPal to a bank account can take several days.

USDT (Tether) / Crypto

USDT, or Tether, is a type of cryptocurrency known as a stablecoin, which aims to maintain a stable value by being pegged to a fiat currency, typically the US dollar. Crypto payments, including those made with USDT, involve transferring digital tokens between digital wallets using blockchain technology.

Pro's:

• Stability: USDT is a stable coin, pegged to the US dollar, which minimizes the volatility typically associated with cryptocurrencies. 
• Speed: Transfers can be almost instantaneous, especially using blockchain platforms that support faster transactions.
• Global Usage: USDT can be used internationally without the need for currency conversion.
• Low fees: USDT often incurs lower fees than traditional banking methods.

Cons: 

• Regulatory Concerns: Cryptocurrencies (including USDT), face ongoing regulatory scrutiny, which can impact its use and acceptance.
• Technical Knowledge: It requires a certain level of understanding of cryptocurrencies and digital wallets.
• Volatility of Crypto Exchanges: While USDT is stable, the platforms on which it is traded can be volatile and subject to hacking risks.

Conclusion

Choosing the right payment method as a publisher largely depends on factors like transaction size, speed, costs, and geographical reach. Traditional methods like wire transfers offer security and are generally great for large transactions, however, it can also be slow and costly. Digital payments like Paxum and PayPal provide convenience and are tailored for specific markets or general online use. While cryptocurrencies like USDT offer fast and global transactions without the typical currency overhead, but they also do require more technical knowledge and awareness of regulatory environments.

Each of these payments methods has its strenghts and weaknesses, and the best choice will depend on the specific needs and circumstances of the publisher. Whether it's the stability and speed of USDT, the widespread acceptance of PayPal, the targeted services of Paxum, or the traditional reliability of wire transfers, understanding these options will allow you to make informed decisions about receiving payments. 

Either way, there is no good or bad.

In case you have any questions, feel free to contact your Account Manager.