Method of payment from foreign agencies
Thread poster: Conroy Fritz

Conroy Fritz  Identity Verified
Paraguay
Local time: 15:01
Member (2004)
German to English
May 19, 2003

Hello,



I was wondering if anyone had any thoughts on what form of payment to ask for from agencies/clients residing in foreign countries. I live in the US and recently finished a project for an agency in Germany. I realize that agencies may not give you a choice, but in the event that you do have a choice, would you request something like Paypal, a check in EUROs, a check in US dollars, or another form of payment? Are there any advantages/disadvantages to some of these payment forms, such as fees or tax implications?

Thanks in advance for any info.



Conroy


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Ralf Lemster  Identity Verified
Germany
Local time: 21:01
English to German
+ ...
Have a look at "Money Matters" May 19, 2003

Hi Conroy,

Have a look at the \"Money Matters\" forum - we had quite a few threads recently dealing with different payment alternatives.



You can also use the forum search function.



Best regards, Ralf


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Uldis Liepkalns  Identity Verified
Latvia
Local time: 22:01
Member (2003)
English to Latvian
+ ...
Re: Agencies tend to send check May 19, 2003

Yeah, they do. Right today our bank cleared one cheque for 100 Euros. Our bank for clearing took 10 of these and payers bank-

30.-


[addsig]


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Monika Coulson  Identity Verified
Local time: 13:01
Member (2001)
English to Albanian
+ ...
Direct deposit May 19, 2003

Hello Conroy,

So far, I have asked the agencies overseas I work for to deposit the money in my bank account. If the currency they pay me is in USD (I live in the US), then my bank keeps a low fee of 5 USD from the deposit. If they pay me in Euros, Canadian $$ or GBP, then the fee is higher. Good luck,

Monika







2003-05-19 16:27 conroy wrote:



Hello,



I was wondering if anyone had any thoughts on what form of payment to ask for from agencies/clients residing in foreign countries. I live in the US and recently finished a project for an agency in Germany. I realize that agencies may not give you a choice, but in the event that you do have a choice, would you request something like Paypal, a check in EUROs, a check in US dollars, or another form of payment? Are there any advantages/disadvantages to some of these payment forms, such as fees or tax implications?

Thanks in advance for any info.



Conroy



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Nicole Tata  Identity Verified
Local time: 20:01
English to German
+ ...
Open a German bank account May 20, 2003

Hi,

From my experience, German agencies prefer to pay by bank transfer directly into a GERMAN bank account, which means no (low?) bank charges for them and quick(er) payment for you. Might be worth doing, next time you\'re in Germany. Cheques and international money transfers, especially for small amounts, are notoriously expensive for sender and receiver alike, hence not that popular. I can\'t comment on PayPal (having used it only once) - perhaps best for regular, smaller amounts?

Good luck

Nicole


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