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EireStudio
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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? :)

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Australiaa
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Why just authors ?;)

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

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EireStudio
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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
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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
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Soon there will be a fee for all financial transactions.

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