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Ask HN: How do you receive USD for work abroad without getting ripped off?

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Re: Ask HN: How do you receive USD for work abroad without getting ripped off?

#31

We use transferwise for almost all of our international payments. transferwise rocks. We used to use XETrade, but this isn't available to us where we currently live and work. Our bank(s) hate us for using transferwise, and actually try many different ways to stop us from using it (except for making the process cheaper - funny thing, that)

I'm curious, are those payments for work you've done for a US company? I do love what transferwise is doing, thats awesome that the banks are riled up about it :)

Yes, and we use it pay companies in the US that we use. Anything that annoys the banks is OK in my book :)

Re: Ask HN: How do you receive USD for work abroad without getting ripped off?

#36

Earlier quoted context omitted.

Wire transfers always seem to take so long. How long do they take for you?

Wire transfers should be instantaneous. ACH transfers take 2-5 days.

I've not experienced that, even within SEPA (the EU's transfer area). Payments from e.g. Denmark to Germany seem to typically take one business day to go through.

Re: Ask HN: How do you receive USD for work abroad without getting ripped off?

#37

We use transferwise for almost all of our international payments. transferwise rocks. We used to use XETrade, but this isn't available to us where we currently live and work. Our bank(s) hate us for using transferwise, and actually try many different ways to stop us from using it (except for making the process cheaper - funny thing, that)

Can't recommend Transferwise enough! I've been using them at least once per month for two years now (GBPEUR) and they've been brilliant.
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