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> Why are wire transfers better? [...] As other comment says [1], this is true for in-house transactions, but is hell for foreigners. I had to quit my job as a
by guessmyname 10y ago
> Why are wire transfers better? [...]
As other comment says [1], this is true for in-house transactions, but is hell for foreigners. I had to quit my job as a contractor for an American company because the bank in my home country blocked all the wired transfers after the sum of all the money started to exceed an annual limit of USD $25,000. I tried to create an international bank account in Chase, Wells Fargo, Bank of America, HSBC, and Citi and they all rejected my application because a) I don't exist in the credit system and/or b) my home country has a bad reputation.
I tried to use PayPal but their fees are too high and I realized that there was no easy way for me to get that money out of their system since their service is not popular where I live. Right now there are 15 days worth of my salary in my PayPal account that I cannot touch. If getting a work visa wasn't hard enough, now I cannot work for any international company (as a remote contractor) because I cannot get paid, nice, very-very nice — the perfect way to kill people's dreams.
[1] https://news.ycombinator.com/item?id=12697811 https://news.ycombinator.com/item?id=12697811
- throwaway13337 10y agoYou sound like the perfect use case for the Estonian e-residency. You can sign up online and with it open an Estonian bank account.
- catuskoti 10y agoI have just looked into Estonian e-residency. The idea was that the Estonian government would establish a legal framework, which they did, and that Estonian service providers would take it from there, which they didn't. ["in reality they usually refuse to open bank accounts because in their minds e-residents have no links with Estonia."]( http://www.estoniancompanyregistration.com http://www.estoniancompanyregistration.com) Especially financial service providers are not following. Hence, you would be no more "e-resident" of Estonia than of other countries, just by entering that programme. In fact, other countries, such as even the UK, have better and more convenient programmes for this, which enjoy better support in general.
- guessmyname 10y agoThanks, I just checked the process and benefits, it seems like a good solution. However, when I was filling the form [1] I realized that the list of countries where you can pick-up the document is limited to 35 unique states, none of them is in South America which is where I live, so if I choose any of them I would need to get a visa to travel to that country just to get this document, which is kind of ironic. [1] https://apply.e-estonia.com/ https://apply.e-estonia.com/