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Thursday, October 15, 2020

How to Withdraw Your Involve Asia Earnings via Bank (Wire Transfer)

Affiliate Marketing is one of the ways to earn online nowadays. If you are not familiar, it is the process of earning a commission by promoting products and services to others and you earn for each sale that you make through your unique affiliate link. 

I have been into affiliate marketing for quite some time but only started with Involve Asia last February 2020. You can read how more about it, here.

I usually get my earnings through Paypal since I thought that the wire transfer option is only available to US and international accounts but luckily I was informed by another IA affiliate that it is actually possible for PH bank accounts too. So, I tried it last October 6 and it was credited last October 13 in my BPI account.  

So, yes! We don't have to wait to reach MYR 400 anymore to be able to withdraw our earnings. 

How can we set up our payment method? 

After logging into your Involve Asia account, go to Account Settings> Payment Settings and you will see this form. Just follow the instructions below. 

For your SWIFT CODE, you may check with your bank or you can see this list
You will also be asked for a transfer reason, in my case, I placed "affiliate earnings" however feel free to put any reason that you deem fit. 

Will there be any other charges? How much did you get in peso? 

Yes, there will be other charges and deductions. Please note that since we are requesting the funds in USD, thus, this will be subject to the current exchange rate. Most banks also have inward remittance fees. 

For illustration purposes, I used BPI as the recipient bank but other banks are also allowed. You just have to check with them the applicable fees. 

Sample Computation 

Amount Withdrawn from Involve Asia: $74.12

Exchange Rate: ($1 = 48.25)

Converted Amount in PESO: 3,576.29

Less: BPI Service Fee:  150.00

          Documentary Stamps 10.80

Net Pay - 3,415.49

This is also the exact amount credited to my bank account. :) 

What payment method should you use? Paypal or Wire Transfer? 

There are two factors that will help you decide on what payment method to use. If you have reached the minimum payout of MYR 80 but below MYR 400, then you can readily use the wire transfer option. 

However, if you are able to reach the minimum amount for Paypal withdrawals which is MYR 400 then you can consider using Paypal since this will give you a higher payout when you do Involve Asia to Paypal, Paypal to GCASH then GCASH to Bank. 

We specifically mentioned that you use GCASH because you must keep in mind that withdrawing directly from Paypal to your Bank will also have additional charges. :) 

Anyway, that's it for now. We will post tips and ideas on how you can promote your affiliate links soon. Make sure to follow our FB page, for updates. 

Do you also want to be an affiliate? You can sign-up here

1 comment:

  1. Bakit po kayo ang laki ng bawas pag nagwiwithdraw ako nako sa bank