4 ms·
This is somewhat tangential, but does anyone have a good way to accept money in different currencies with minimal fees? Specifically I'm making money from diffe
by lubujackson 8y ago
This is somewhat tangential, but does anyone have a good way to accept money in different currencies with minimal fees? Specifically I'm making money from different international Amazon sites and they all either send a paper check or I need a bank account in the country of origin which is not often possible.
I've looked into Payoneer, but they are taking a cut too and only really support a couple currencies. Any good options? I haven't looked at Transferwise yet so they might work.
- e1g 8y agoI use TransferWise Borderless to collect payments in USD/EUR/AUD/SGD. They give you routing details for a local bank account created in your name. You can hold cash in the original currency, centralized it to one currency, or send it all back home. I have moved significant sums over the last two years without a single issue. Recommended.
- exidy 8y agoYou got my hopes up, but the TW borderless bank doesn't give you local SG bank account details (yet?). SGD is a supported currency of course.
- ironic_ali 8y agoHave a look at transferwise, you don't need a bank account with them to transfer money round different curencies/accounts. I've used them a fair bit and saved hugely on fees and currency conversion rates.