Mobile menu

Method of payment from foreign agencies
Thread poster: Conroy Fritz

Conroy Fritz  Identity Verified
Paraguay
Local time: 03:17
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


Direct link Reply with quote
 

Ralf Lemster  Identity Verified
Germany
Local time: 09:17
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


Direct link Reply with quote
 

Uldis Liepkalns  Identity Verified
Latvia
Local time: 10:17
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]


Direct link Reply with quote
 

Monika Coulson  Identity Verified
Local time: 01:17
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



Direct link Reply with quote
 

Nicole Tata  Identity Verified
Local time: 08:17
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


Direct link Reply with quote
 


To report site rules violations or get help, contact a site moderator:


You can also contact site staff by submitting a support request »

Method of payment from foreign agencies

Advanced search


Translation news





Across v6.3
Translation Toolkit and Sales Potential under One Roof

Apart from features that enable you to translate more efficiently, the new Across Translator Edition v6.3 comprises your crossMarket membership. The new online network for Across users assists you in exploring new sales potential and generating revenue.

More info »
Protemos translation business management system
Create your account in minutes, and start working! 3-month trial for agencies, and free for freelancers!

The system lets you keep client/vendor database, with contacts and rates, manage projects and assign jobs to vendors, issue invoices, track payments, store and manage project files, generate business reports on turnover profit per client/manager etc.

More info »



All of ProZ.com
  • All of ProZ.com
  • Term search
  • Jobs