Australian developers losing $25 from every payment?

Question

Created Jul ’20

Replies 3

Boosts 0

Views 1k

Participants 4

From Apple ..
As of February 1, 2019, all payments into bank accounts in New Zealand and Australia will be wire transfers.
: : :
Payments can be subject to bank fees and transaction costs charged to you by your bank or intermediary financial institutions, reducing the amount when presented on your bank account.

I have discovered that I am losing $AU25 from every payment as the result of this change. My own financial institution is not charging me anything, thus the intermediary financial institution is taking $25.

Is there anything we can do to reduce this charge?

Are any Australian developers losing LESS than this amount? (If so, I'd like to work out the difference between you and me.)

Boost

Answer 1

NikoloziApps OP

Sep ’20

This month I got charged $50. And I'm with CBA. Haven't called the bank yet to find out.

When I complained to Apple Dev Relations about the $25 fee, last year December, I received the following from the them:

You should have received a communication Feb 1 stating that all payments into AU and NZ bank acounts will be wire transfers. Your minimum payment threshold is $150 USD and we are unable to change that amount at this time. You may want to shop around for a bank that promises low or no wire fees.

I'm not sure if there's a way to get around this. $25 is a lot, but $50 seems insane. I'll try to talk to banks to see if they can do something. And what's worse App Store Connect doesn't let you consolidate several months into a single payment.

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Answer 2

Jay_111 OP

Jul ’21

I wouldn't be surprised if CBA wanted to take a $50 cut. Did you try changing banks, did that help?

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Answer 3

Catsy99 OP

Aug ’22

I am charged 31% for Apple to transfer my payment to my bank. They use Payoneer. When you add the 33% cut Apple take, plus the annual developer fee of about $150 AU, it is very disappointing and discourages me from creating more apps.

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