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Absolutely correct with regards to "clients will neither comply with nor be impressed by requests to pay in any manner they're not used to paying by", but I thi
by patio11 12y ago
Absolutely correct with regards to "clients will neither comply with nor be impressed by requests to pay in any manner they're not used to paying by", but I think that wire transfers are actually fairly exotic by US standards. They typically expect to pay with checks or ACH payments. (More often checks, in my experience. Source: I've cashed hundreds of thousands of dollars of them, and every time it happens I worry that this is finally the time that I'll be shot for robbing the bank.)
- bdunn 12y agoImagine what it's like to walk into your Podunk suburban bank every two weeks with a $50K+ check in your hands from a company with a .com in their name. Yeah, that was fun. But Patrick's absolutely right re: checks. If cash flow is tight, my favorite trick is to FedEx a prepaid overnight envelope to your client. Ask them to place the check inside. This elimates the "check is in the mail" song and dance, and it's only marginally more expensive than a wire fee.