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EireStudio
says

Just wondering how much interest do you think Envato makes for having hundreds of thousands of dollars of authors money in their account each month? :)

108 posts
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Australiaa
says

Why just authors ?;)

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EireStudio
says
Australia said
Why just authors ?;)

Apart from their own money I mean. once a month withdrawal seems to work quite well for them…

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Joost
Moderator
says
RedHenry said
Just wondering how much interest do you think Envato makes for having hundreds of thousands of dollars of authors money in their account each month? :)

They make a lot.

This is why any and every company ever that deals with large sums of money wants to hold it for as long as possible (within reasonable limits that customers will accept). :P When you hold millions, one day more or less matters greatly.

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Australiaa
says
RedHenry said
Australia said
Why just authors ?;)
Apart from their own money I mean. once a month withdrawal seems to work quite well for them…

Not just authors but buyers pre paid amounts sitting in their accounts.

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TNL3542
says

ive got 0.00 in my account been that way for quite awhile

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EireStudio
says
Joost said
RedHenry said
Just wondering how much interest do you think Envato makes for having hundreds of thousands of dollars of authors money in their account each month? :)

They make a lot.

This is why any and every company ever that deals with large sums of money wants to hold it for as long as possible (within reasonable limits that customers will accept). :P When you hold millions, one day more or less matters greatly.

This is my point. Obviously it benefits them more so if they hold the money longer…

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quickandeasy
says
RedHenry said
This is my point. Obviously it benefits them more so if they hold the money longer…

The main benefit to depositing though, is avoiding transaction fees, which benefits the customer more.

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godonholiday
says

Soon there will be a fee for all financial transactions.

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kaaz
says
The main benefit to depositing though, is avoiding transaction fees, which benefits the customer more.
+1

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