2 ms·
Background: I'm a UK freelancer working with UK, EU, US and RotW clients. Per other commenters, my UK and EU clients are usually happy to pay by bank transfer.
by petecooper 12y ago
Background: I'm a UK freelancer working with UK, EU, US and RotW clients.
Per other commenters, my UK and EU clients are usually happy to pay by bank transfer. My invoices include UK payment details, along with IBAN and SWIFT details. I am also starting to include Paypal details to go with the path of least resistance.
Now, US clients tend to pay via Paypal or US check. In the past I've used brokers like AuctionChex[1], and also used a USD deposit account with CITI[2].
AuctionChex went out of favour with me when their exchange rates went into free fall for no obvious reason, and CITI screwed me for fees after a mistake at their end. I no longer use either.
With the CITI USD account, it is possible to have it fee-free if you're careful: if you have a current account and 2 standing orders set up, hold a certain balance and you transfer in a given amount per month, there is no fee for either the current account or the USD account.
Now, I take the hit on USD checks and use my business bank (NatWest) account for it. They charge a set-fee to process the cheque, around 10GBP for the value I deposit, and I just mark it on my accounts as a bank charge. My accountant is happy, and there are no shady brokers in the equation.
[1] http://auctionchex.com http://auctionchex.com
[2] http://www.citibank.co.uk/personal/banking/international/eurocurrent.htm http://www.citibank.co.uk/personal/banking/international/eur...