Afternic and SmartName sent emails to customers this morning announcing new payment options and payment changes for clients to receive disbursements from domain name sales and/or PPC revenue. It looks like there are no minimums for payouts, with the exception of international wire transfers, which have a $25 minimum amount. I am not sure which options are new or changed from before.
Here’s the announcement that was sent to customers this morning along with the payment options and associated fees:
We are excited to announce that Afternic is launching new payment options and lower minimum payment thresholds for your domain sales and parking earnings. We’ve been listening to our customers and have partnered with an external payment processor to support these new features.
In October, you will notice a new look and feel to your payments section within My Account and you will be able to take advantage of these new options. While these changes will be seamless for our customers, you will need to submit an updated tax form by the end of 2018. This is not a requirement to receive your parking earnings, but we must have an updated tax form on file by December 31, 2018 in order to issue you a Form 1099 for 2018.
Please review below the new payment options, minimum earnings, and payment fees.
Payment Method Minimum Earnings Payment Fee
ACH no minimum USD $1.00
eCheck no minimum USD $5.00
PayPal no minimum USD $1.00
Wire Transfer (international) USD $25.00 USD $20.00
Wire Transfer (domestic) no minimum USD$15.00
I sell many domains via GD and Afternic. They are charging $1 for payment via ACH or Paypal now, even on domain sale? Come on, I mean you are nickel and diming. A 20% commission is not enough?
Also, a 1099 should only apply to parking revenue, not domain sales.
I have made $25 on parking revenue from 2016 and now; I still don’t got it.