International Payment
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- DoTheMacarena
I was just wondering if anyone has any tips for receiving payment internationally (mainly UK->US). I searched, and couldn't find anything specific to that.
I know paypal is easiest, but it looks like they charge 2.5% just for currency conversion, on top of the .5-3.5% transfer fee. That seems pretty heavy. Direct bank transfer is out of the question, plus banks seem to give a crappy exchange rate. Any experience/ideas? I just hate being taxed on money that I haven't even paid taxes on yet.
- lukus_W0
Get a bank account in the foreign country you're working in.
- I would, but it's only a 1 time payment. Possibly more in the far future, but for now just 1.DoTheMacarena
- Amicus0
I just checked this thread to make sure you weren't sending your hard earned to Nigeria.
Carry on.
- akrokdesign0
paypal is probably your best bet, here.
i know you get some fees, but it's better then getting nada.
- DaveO0
When i used to get paid from germany by bank transfer they used to charge extra on top to wire the money through. Find out what works best, but you're always going to have to pay something. Better than taking a flight and picking up cash though!
- doesnotexist0
have them cover the paypal fees.
- monoblanco0
I use my bank but yea they charge a fee. Still I prefer that to PayPal
- Miguex0
I have a client in europe and they do wire transfers, another in canada and they just mail me a check.
However, when using paypal, this comes in very handy:
http://thefeecalculator.com/
- ribit0
I've used these guys: http://www.imsfx.co.uk
Better rates than my bank could give me on international transfers
- Palindrome0
xe.com does trades but your client/company would have to set it up on their end and transfer through. They've got the best rates I've seen.
- RumperChunk0
I make foreign transfers all the time. Just use your normal current bank account and get the client to pay your bank fee - they shouldn't have a problem with this... costs you nothing then..
- Gordy220
As an aside, I think I'd maybe wait a while for the transfer. The exchange rate has taken a battering with the hung parliament but it could get a bit better in a few days.