replacement for International Wires
 

Hi All,

As a European webmaster I need to ask for your help regarding the recently growing issue about getting paid by US companies. I live in Hungary, and here, since approx 6 months ago the banks stopped taking/cashing US checks.. Earlier I was able to cash them, however it was always a struggle, because of the bad exchange rates and very long time to complete the transactions (it usually took 3-4 weeks until the money appeared on my bank account). I am aware that other EU/nearby countries have issues with cashing checks And getting international wires.

Payoneer might be OK, but they say that I can withdraw money to my bank account from only certain funding sources..

Maybe I need to open a US bank account for my hungarian company and ask domestic wire there, than move that money to my hungarian bank account?

The only solution I can think about is to ask the domestic wire to a reliable 'exchanger' [Roby or Chosen] and than get a wire from them to the bank account of my company.. But in this case what shall I say to my accountant? The money is not coming directly from the company I am working with.... :(

Anyone has a good/affordable solution?

Thank You for the cooperation / advices in advance! :pimp

ACH to Payoneer works fine, that's applicable to US companies only, and ACH only, not wires.

Most of the US companies / individuals do well with PayPal.

Not sure about getting a USD account in the USA for your Hungarian co tho.

I have used and still use today:
Welcome to ePayService
They will cash checks and receive wire transfers for you.

Getting an American bank account if you do not have an American address or a US based company can be hard. Depending on the bank, it is not as easy as you would think to just come walsing in and thinking you'd be able to open an account just like that as a foreigner and an Hungarian company.

The best solution is, in my mind, to raise your minimum payment and get one, two or three payments from each sponsor per year as international wire transfers directly to your Hungarian bank account. That will be the most cost effective, but requires you to trust each sponsor 3-4 months at a time.

i have never header of this issue.,

but if thats the case., then you need companies like payoneer.,
who does local transfer to you bank . but i hear there are limits on how much money you can receive for some countries.

you can use paaxum too.

IMO, Your accountant all he need to see is the number matched from what you billed and whats its in your bank account .
How you get paid Credit , check , paypal, cash, should not mathers as long the numbers match close to what you claim +- transaction fee etc ..
Your not in the USA Lucky you. You should speak with Roby Probably he can manage some magic for ya ;)

Good luck mate.

It's a shame not everyone offers Payoneer, extralunchmoney & Clips4sale both need to, as Payoneer works well for overseas especially into EU

i think we can help you contacted you via skype.

Here is an alternate solution. It may be messy and difficult but in the long run may work out well.

Set up United States company. (I don't know the laws on that for a foreigner.)

Get a dropbox in the United States that will deposit checks for you. This can be done for less than $50 a month.

You can then pull out your American money as needed with a bank transfer.

Not the easiest solution, but an option.

Payoneer is fine but some of their terms seem to be retarded :disgust

Receiving payments by Payoneer/Paxum and using their Mastercads to withdraw money from ATMs isn't an option for you?

Hi Matyko,

Paxum can help. You can receive payments to your Paxum account, and then withdraw by wire to your local bank. It's simple and direct. We don't limit your withdrawal based on your funding sources.

We do also have the Paxum card for instant withdrawal, but if you need the funds deposited directly to your bank account, or if your monthly withdrawals would be greater than $10,000 USD, then wire withdrawal might be more suitable.

I'd be happy to assist you if you have any questions.
Thanks,
Ruth :)
[email protected]

"recently growing issue about getting paid by US companies"

Dude's working with US clients who are too stupid to send ACH to his Payoneer card.

Educate your clients, bro :)

P.S.: Unless you need to show your income correctly to get a home loan, ask fuckers to PayPal and get your company's account linked to PayPal.

PIRIOD.

Why can't you receive wires directly to your Hungarian bank account?

If you need to cash out these wires then find someone local who would do that for you. (you make up bullshit invoices for him, like payment for advertising, and report no profit to your accountant).

It's about CHECKS!!!!!

Also, may be get a NORMAL bank account?

NatWest Online ? Bank Accounts, Mortgages, Loans and Savings

Payoneer should be OK, but Payoneer also says when I am connecting with the partner that the funds via this source can only be used to cash out at ATMs, no bank withdrawal..
Which is not an optimal solution for me, but obviously one that might work.

Paypal I don't want to trust with my money. Neither my partners I guess.

Epayservices might be a perfect solution for me, thank you!

I pass on the US bank account, too much hassle, and thanks for the info anyway!

Thanks. The limit is interesting, definitely need to ask about it no matter which solution I pick in the end.

Thanks! But I believe accounting [at least here in Hungary] is not just about the numbers need to match.. I need to put the payment method on the invoice, etc.. Roby can help me for sure, I am just not sure if - especially on a long run - I need to flow my money through such a service instead of setting up a system where I am getting paid directly by the sponsor program.

Thank You Roby. I do know that you are able to help me and I will use your service for sure unless I find a way to get paid directly as stated above. ;) :pimp

Thanks for the suggestion Sly! This is too complicated, but will keep in mind as a solution.

Yes, support is weird [not answering everything..] and it is crazy I am not able to withdraw to bank funds from certain sources..

Not really, but in the end what matters is to get that $$$ so...

Thank You Ruth, I will email you ASAP!

No, they are not too stupid to do so, they are just old school guys I think and so far check+wire combo fulfilled all their needs.. Now they are suggesting Payoneer to their international affiliates.

I don't really understand what you mean a 'normal' bank account. I can have any kinds of accounts here, it does not change anything about my partners not being able to do international wires..

Checks would be the easiest way, but here in this hellhole they do not cash checks anymore.. but I will ask again, maybe there's anything that changed in a good way..





Thank You Very Much for everyone for the ideas/tips/thoughts! :thumbsup :pimp

I think checks is a problem a lot of places and i see it more as something where USA is stock in the past and keeps holding on to checks. I have almost the same issue as you with them.

If i take a check to my bank they give me a look like, is this 1985.
They can take it after a lot of talk but for a $75 fee. So i stay clear of checks as well.

I lost you here.

You said you had a problem accepting US wires, now it's also because they do not / can not send international wires . . .

Must say, it's the first time in my 15 year dealing with US clients I hear they dont want PayPal. May be its about big amounts tho I dont deal with ... in that case why would you want to trust OK Pay, Paxum or any other semi-bank ish organization?

If it was about steady 5-10k / mo I'd open a US co and ask your prospective clients to help with accounting / reporting in the US to start.

Sorry, just to clarify: it is them, the US companies who can not send me [and european affiliates/webmasters] international wire anymore. They say this is connected to the webmasterchecks issue.

Right now I need to find a way to get $15k from a certain sponsor - I guess this is above the amount that is OK to flow through paypal.. But I make ~$4-5k per month with them so I need to find a way to build out a regular way.


Somoene mentioned above that maybe I should discuss to send my earning a few times a year: I would have Zero problems with that!

Check your email.

Thanks for everyone for the kind help and good suggestions!
Some updates: Payoneer is indeed able to replace international wires. I received money and was able to drive it to my company bank account. So this might be an even better solution for me as this way is faster and cheaper than the wires I was using in the past.

Eventually, there will be world-wide interbank transfer like ACH in the USA and SEPA in the Eurozone.

Traditional banks are living in a dying past.
Guaranteed electronic (digital) transfer.
You would not need credit card associations either.

This would put a lot of people out of business ... "eventually."
This would also create a lot of new business and trade -- that is what scares them (all).

Best thing to do is deal with people who can deal with you. We have no problem with SEPA ...