In order for New Zealand creators to make a sustainable income from gigs, they often have attract global audience. Success New Zealand creators have at least 50% international fans, who are paying in range of currencies, and you have to pay currency conversion for each and every transaction. Let's learn how UniFans can help you save your income.
Key Takeaways:
Creators often find calculating fees and earnings to be their biggest headache. Many soon realize that platforms impose significant charges for currency conversion and processing fees, eating up over 8.5% from transactions from international fans and another 8.5% when withdrawing from PayPal to a local New Zealand bank account.
8.5% is made out of 2.9% (processing fee) + 1.5% ( internasal transaction )+ 4% (currency conversion fee).
Let's compare the fees incurred by PayPal and other creator platforms such as Patreon, Ko-fi, and Gumroad with those of our payment options.
Total fees charged: $0.00
Net profit: nz$0.00
Last updated on March 15, 2024.
The great thing about UniFans is our diverse payment system. In order to benefit more creators around the World, UniFans offers Wise and USDT as payout options, which benefit all creators who do not reside in US. In comparison to PayPal, Wise provides the best currency exchange rate and lowest conversion fees. To save more on currency exchange rates, consider receiving payouts in USDT and using a crypto exchange to convert USD to NZD. This typically incurs less than a 0.6% fee plus around $5 for currency conversion.
Content creators in New Zealand need to be aware of their tax obligations if their work generates revenue. The New Zealand Inland Revenue has clarified that online content creators are liable for both Goods and Services Tax (GST). This means that you may need to register for GST if their earnings exceed NZD 60,000 (approximately $41,600 or €36,000) and charge GST on your services, similar to other businesses. Click here to learn more about New Zealand tax for digital content creators.
Content that generates revenue includes:
Imagine every novel, comic book, music album have its own subscription plan! Yup, UniFans offers many ways for you to diversify your content and develop your content career. Not sure which content your fans like? Segment your content and focus on what works!
In contrast to other platforms where creators bear the burden of currency conversion fees when fans purchase currencies other than USD, we empower fans to choose the purchasing method that benefits them most. Our platform offers various payment methods for top ups including credit card, UnionPay, Alipay, PayPal, and cryptocurrencies such as USDT and USDC. This flexibility allows fans to optimize their savings, earning more coins to support more creators!
UniFans offers a referral program where referrers can
earn 1% of the invitee's income as a creator 365 days, while the
invitee benefits from a 0% platform fee for the first 90 days. Click here to learn more about our
referral program.
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