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Is this a US only question? Are you mixing up employees/contractors with onsite local? Employees don't invoice you; contractors do. UK employer here. For payme
by JonoBB 7y ago
Is this a US only question? Are you mixing up employees/contractors with onsite local? Employees don't invoice you; contractors do.
UK employer here. For payment, I can't think of any way of paying any employees other than via direct bank transfer. I haven't used a cheque (check in the US) for years, and certainly never for paying employees in the last 20 years.
Regular international contractors are paid via Transferwise; irregular contractors are usually paid through PayPal.
- telesilla 7y agoI love the ease of Transferwise but I've run tests and a bank wire is cheaper (we get free wire fees with our business banking service so I'm not including what might be an extra $30 from your bank).
- _-___________-_ 7y agoA friend recently needed to move EUR sitting in one of her HSBC accounts to GBP in another of her HSBC accounts. To get HSBC to do it would have taken "up to three days", and the exchange rate was abysmal. On my recommendation, she used TransferWise instead, saved almost £300 on the exchange rate and it moved within an hour. YMMV, but in UK I've literally never seen big banks be cheaper than TW.
- stephenr 7y agoI had a client in the US (my company is in Thailand) whose bank charged him $30 for an ACH domestic transfer to my (Thai) banks NYC branch. An international wire transfer cost him a lot more. I do prefer bank wire transfers, but TransferWise has worked well (to receive money) too, and the smaller businesses I deal with seem unlikely to have free international wire transfers (it’s presumably marketed at bigger businesses)