How to Avoid Hidden Fees When Receiving USD Payments via ACH or Card

Receiving USD payments via ACH or card can be convenient, but hidden fees can eat into your earnings if you're not careful. Here’s how to avoid them and maximize your income.

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1. Understand Transfer Fees

Many platforms charge fees for receiving ACH or card payments. For example:

• ACH Transfers: Typically have lower fees but may include processing charges hidden in conversion rates.
• Card Payments: Often come with higher fees due to card processing costs.

Choose platforms like Parallax, where fees are transparent—such as under $1 per transaction—without hidden markups in exchange rates.

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2. Avoid Poor Exchange Rates

‍When cashing out USD in Argentina, for example, the exchange rate is critical. Some platforms use unfair exchange rates, which can be 25–50% worse than market rates. To avoid this:

• Withdraw your USD in stablecoins like USDT or USDC.
• Exchange them later at a better rate through trusted methods (e.g., crypto exchanges).

Platforms like Parallax allow direct stablecoin withdrawals, giving you more control over where and how you exchange.

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3. Watch for Double Conversion Fees

‍Some platforms convert your USD twice: first to a stablecoin, then to your local currency. This can add unnecessary costs. Opt for platforms that allow direct USD withdrawals without intermediate conversions.

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4. Choose Platforms with Transparent Pricing

‍Look for platforms that clearly outline their fees upfront. For example:

• Parallax provides transparent withdrawal fees and competitive exchange options.
• Avoid services that advertise “low fees” but inflate exchange rates to compensate.

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5. Use Crypto for Privacy and Cost Efficiency

‍If financial privacy is a priority, converting USD into stablecoins via platforms like Parallax can help. Crypto routes often bypass traditional banking fees and provide better rates, especially in countries with restrictive capital controls.

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By following these steps, you can keep more of your hard-earned money and avoid surprises when receiving USD payments. Always research your options and choose platforms that align with your financial goals.