Hilariously sad: The Last Day for Shipping to Europe (For Now) Will be May 24, 2018
Why in the world a backpack business would be so worried about GDPR?
How to Pay Remote Employees
31–40 of 82 posts
Re: How to Pay Remote Employees
#32Meantime transferwise.com from article is down for more than 6 hours already, be careful...
I was keeping an eye out for mention/discussion of TransferWise. Been receiving payments via their service for several months, and have found it to be a well-designed experience, useful service with competitive/low fees.
Didn't know they've been down - related post: https://news.ycombinator.com/item?id=17364752
Re: How to Pay Remote Employees
#33Almost every link in the article is a referral or affiliate link.
Lest someone mention that this doesn't affect the content of the article: it actually does because it provides the author a financial incentive to rank the higher paying links up in the page / more.
Re: How to Pay Remote Employees
#34 Outside of the US, everyone is considered a contractor, even if they're a full-time member of the company
Re: How to Pay Remote Employees
#35Almost every link in the article is a referral or affiliate link.
Lest someone mention that this doesn't affect the content of the article: it actually does because it provides the author a financial incentive to rank the higher paying links up in the page / more.
Thus no bitcoin...
Re: How to Pay Remote Employees
#36> Wire transfer fees are a set amount, usually around $40, not a percentage of the total amount transferred. You can do the math to figure out at what dollar threshold sending wire transfers through your bank becomes cheaper than using Transferwise. Absolutely do the math, but keep in mind that fees are not the only fees when doing FX: few banks will use the spot FX rate for wire transfers, they'll typically add a sp…
yeah, you're getting skimmed hard between wire transfer cost and that spread. If you have access to an FX brokerage with reasonable fee, definitely use that. I personally use Interactive Brokers, one free wire transfer per month, and you can get spot price on your exchanges. Only fees I pay are a couple dollars IB charges on exchanges, and twenty dollars or so my bank charges for receiving wire transfers. Only downsi…
"...and twenty dollars or so my bank charges for receiving wire transfers."
For business accounts or personal? I received a single wire transfer to a personal account two months ago and didn't pay a fee. Maybe I get one free. Maybe there would have been a fee for a business account.
But I'm certain I've never heard, until now, anyone mention fees for receiving wire transfers.
Re: How to Pay Remote Employees
#37removed
Re: How to Pay Remote Employees
#38Earlier quoted context omitted.
That really sucks. It is a reality I see some of my clients facing too. I've wondered what would happen if you offered to work as a self-employed 1099 employee, or if you opened your own LLC. Does that employer offer health insurance? That's pretty much the only reason why someone would demand being a W2 employee in my mind. And there's lots of ways to get health insurance in this country.
I had other offers, so it wasn't a big deal in the end. But I've worked as a 1099 contractor before, and I'm not doing that again. You say there's lots of ways to get health insurance in this country, but in my experience that's not the case. Not only is it vastly more expensive, but (not to get too political) I can't really rely on my ability to buy insurance as a single person at a reasonable rate to stay around.
Ironically I work as an insurance broker, but I assure you I am acutely aware of how absurd some of the premiums and markets can be.
I've become pretty cynical as of late. So like, sure, if you are working for Google or some other tech company that subsidizes 90-100% of an employee's health care costs, then you are getting a great deal, especially if you have a family. If you want a really large network with lots of doctors and you want a very very low deductible, then for a single person this is going to be $1100 for a single person, $2200 for a couple, $3100 for a family PER MONTH!!!!.
Now, that's for ridiculously good coverage of course. If you want the cheapest coverage possible, then it's about $500 per month for a single person, $1000 couple, $1500 family etc. But here we are talking about $6,000 deductibles and so on.
But, if you have literally no income, then you can get something like FidelisCare in NY for $20 a month, or Medicaid. There might be trouble with finding a doctor who accepts it. But that's the reality we face in this country. Unless you are 65, then you can get Medicare + Medigap for pretty damn cheap.
So, I am someone who is neither eligible for medicare, nor a large employer subsidy. So I only have catastrophic insurance- and that's from a full-time job! If I married my girlfriend, I would have better coverage from her employer. And when I was eligible for coverage from my parents, that one was pretty good.
The easiest thing is to just not get sick. But if you own your own LLC and you are charging very high hourly rates, your client (the one who would have employed you as a W2) is probably happy to not have you on their payroll, because the rates I quoted you above are the rates they would pay to offer you insurance.
Re: How to Pay Remote Employees
#39removed
I always find it funny when people say it's only 15USD when a wire transfer in Europe in free
Re: How to Pay Remote Employees
#40Outside of the US, everyone is considered a contractor, even if they're a full-time member of the company Wait, so they are not full time employee. For example they can terminate the contract and leave the company as they please
In the U.S. this is how employees work as well -- they can leave a company for any reason at any time. Conversely, employers can dismiss at employee for any reason and at any time as long as it's not illegal.