We're considering PayPal (but have heard the horror stories about holds on larger amounts) or a wire transfer (but would prefer not to provide our routing and account number). 10K+. Would love to hear the community's suggestions.
Ask HN: What's the best way to receive money internationally?
1–10 of 18 posts
Re: Ask HN: What's the best way to receive money internationally?
#2Try Stripe, i've heard many people consider it instead of Paypal.
Re: Ask HN: What's the best way to receive money internationally?
#3Try Stripe, i've heard many people consider it instead of Paypal.
Unfortunately AFAIK Stripe is still limited to US and a few others I think, Beta in Canada. No Europe. This is quite a limiting factor.
Re: Ask HN: What's the best way to receive money internationally?
#4In the past I've done similar amounts using a wire transfer service like Travelex ... from memory, it was a fixed fee (not a % commission) & the exchange rate was good. You just pay them cash over the counter.
The exchange rate is where standard banks often make a killing when doing a wire transfer.
Re: Ask HN: What's the best way to receive money internationally?
#5Why wouldn't you want to provide your routing number and account number? You give them out every time you write a check. Wire transfers are probably the only good option here.
Re: Ask HN: What's the best way to receive money internationally?
#6In the past I've done similar amounts using a wire transfer service like Travelex ... from memory, it was a fixed fee (not a % commission) & the exchange rate was good. You just pay them cash over the counter. The exchange rate is where standard banks often make a killing when doing a wire transfer.
Thanks for the suggestion! I'll check 'em out. I was secretly hoping that there was some awesome YC-backed start-up that's nailing this problem that I'd missed..but this looks like it may be helpful.
Re: Ask HN: What's the best way to receive money internationally?
#7Why wouldn't you want to provide your routing number and account number? You give them out every time you write a check. Wire transfers are probably the only good option here.
Because there are places where that's all it takes to spend money. I trust our clients..but you never know..especially when dealing with an international client you've never met.
Re: Ask HN: What's the best way to receive money internationally?
#8Try Stripe, i've heard many people consider it instead of Paypal.
Would love to use them. But they don't support everywhere we need to be.
Re: Ask HN: What's the best way to receive money internationally?
#9Why wouldn't you want to provide your routing number and account number? You give them out every time you write a check. Wire transfers are probably the only good option here.
Because there are places where that's all it takes to spend money. I trust our clients..but you never know..especially when dealing with an international client you've never met.
Create a checking account just for this purpose. Only use it for holding transfers. It takes about ten minutes to setup a new account at most banks.
Re: Ask HN: What's the best way to receive money internationally?
#10Found this http://saasy.com/matrix.php