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Ask HN: What's the best way to receive money internationally?
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.
- NicoJuicy 14y agoTry Stripe, i've heard many people consider it instead of Paypal.
- duiker101 14y agoUnfortunately AFAIK Stripe is still limited to US and a few others I think, Beta in Canada. No Europe. This is quite a limiting factor.
- crgt 14y agoWould love to use them. But they don't support everywhere we need to be.
- reiz 14y agoThe bank account which is linked to the stripe account have to be in the US. But as far as I know they are accepting CC from all around the world. If you are sitting in the US and you just want receive Money from everywhere, than stripe is a good option. At least if you are dealing with small amount of Money. As far as I know stripe takes some percentage from the transaction. For big transactions, like 10K USD, I wouldn't recommend it.
- damian2000 14y agoIn 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.
- crgt 14y agoThanks 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.
- staunch 14y agoWhy 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.
- crgt 14y agoBecause 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.
- staunch 14y agoCreate 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.
- crgt 14y agoThis is what we've landed on as a default - just seems kinda wonky. As if MacGuyver were handling our incoming $ or something.
- jister 14y agoFound this http://saasy.com/matrix.php http://saasy.com/matrix.php
- crgt 14y agoThis is interesting. Has anyone used them?
- sapan 14y agoI've used Transpact for international payment.
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- klaut 14y agofor Europe based transaction try Transferwise https://transferwise.com https://transferwise.com
- shyn3 14y agoI don't know how this would work with international but I think knightsbridgefx.com is a good option. They do currency conversions through bank accounts. So you save $ on the exchange + you get the money wired. Minimum is 10k so this might fit the bill. Where are you sending/receiving from?