71–80 of 87 posts
As a contractor I've been paid by cheque, PayPal, and (my favorite) wire transfer. Always this was after sending them an invoice. I found PayPal to be the least friction about invoicing and reminding about due payments, though I lost between 2-3% of my invoice to fees.
Deel came out of the last YC batch. https://www.letsdeel.com/
We've been very happy with Gusto for payroll + benefits for our salaried remote team.
Check out Veem.com
If your team consist of contractors etc... then they'll likely have their own invoice and payment process. I use Freshbooks. One of my clients pays me via wire transfer, another does checks, and finally I have one project via moonlightwork.com (awesome service) where they actually handle payments (weekly!) which is pretty cool. If these are actual W2 full-time employees, I would suggest something like gusto.com to gi…
Might be a silly question. But do you leave the burden ( may be not really ) of the whole invoice management process on the contractor - how good/bad is it?
4 of the last 5 banks I dealt with now let you do mobile deposit, where you can endorse the check and deposit it into your bank account by taking pictures of the check with your smartphone.
¯\_(ツ)_/¯
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I never understand why people bring up accountants or taxes when talking about cryptocurrencies. Seriously, you negotiate with your employer an hourly rate, you get paid that hourly rate and is what you should report. The way you receive your salary at the end of the day (bank transfer or crypto) is completely decoupled from this. In the same way you don't need to tell the taxman what bank did you use to receive your…
How is converting it to fiat a different subject when most people need to be paid in something that can then be used for rent/food/literally everything else? This entire thread is insane. The second a job tries to pay me in crypto is the second I'm looking for another job.
Check, envelope, and stamp is the simplest thing that might work.
FYI while America seems obsessed with cheque’s still, the rest of the world has moved on.
Solve the problem at hand by writing a check and moving on. In a year things may or may not be different enough to warrant change.
Earlier quoted context omitted.
FYI while America seems obsessed with cheque’s still, the rest of the world has moved on.
I'm not obsessed with checks. Writing checks is technically simpler and has fewer dependencies and distractions. This question exemplifies the cost of other approaches: the OP is spending time researching alternatives to a simple and proven solution. For what? Mostly appearing sophisticated at the cost of increased financial attack surface, secret management, and uncertainty regarding future availability of the busin…
In my home country (Australia) foreign currency cheques apparently take up to 8 weeks to clear.
The bank my Thai business uses say it can take “up to several weeks”.
Sending a check isn’t solving anything it’s creating a fucked situation for the person you’re paying because paper cheque’s are an antiquated method of payment.
In countries outside the US domestic bank transfers are usually free or very cheap with instant - a few days clearing time (we pay about 12 baht on transfers - 38 us cents - scheduled two days ahead, or 20 baht for same day).
Even foreign wire transfers are relatively cheap - I made a $300 “donation” to an open source maintainer last month. I elected to pay the fees at both ends, it cost $36 (and that’s a fixed cost, it’s not % based) and arrived in a different country the same fucking day.
Edit: oh and despite you constantly claiming “no fees” for cheque’s, every bank I’ve checked said they charge a fee for processing a foreign cheque, and none of them specify how much. A bank fee that they won’t tell you before you’re in front of them in the branch is a fee that’s too ridiculous to publicise.