How to Receive Foreign Payments
Thread poster: Paul Dixon

Paul Dixon  Identity Verified
Brazil
Local time: 21:36
Portuguese to English
+ ...
Aug 6, 2004

I have just received a cheque from a client in Portugal (value 40 euros) and need to know how I can cash it or get it changed. The three banks that operate with foreign cheques here in Brazil only do this for account holders and charge USD 50 or more commission per operation and they take 180 days to clear the cheque. I can't use PayPal as Brazil is not integrated into the system. Postal orders are OK but not all countries honour them.
Any suggestions as to what is the best way to receive payments from foreign clients without losing everything in bank charges?


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xxxTadzio
English to Spanish
Use Western Union Aug 6, 2004

I used to discount Western Union' service fee to my clients, and it wasn't a bad deal.

[Edited at 2004-08-07 00:16]


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Natasa Grubor  Identity Verified
Bosnia and Herzegovina
Local time: 01:36
Member
English to Serbian
+ ...
bank account Aug 7, 2004

Hello

Western Union is ok but their fees are really bloody.
I suggest you to go to the bank and ask them to make you instructions for payment. Also you have to open new account but dont worry, it takes only a 5 mins. Then you send instruction via email to your client who will later make payment based on it. It is very good for small amount too because banks wont charge you more than 0,5% and it takes about 4-5 days to transfer the money.
Good luck


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Joseph Samir
Egypt
Local time: 01:36
English to Arabic
+ ...
MoneyGram Aug 20, 2004

Since a check will need a current account and its fees are high , you can use the moneygram method to get your clients send you the money but you will only receive the money in US dollars ..
It is very easy , you will only need a reference number that your client will give to you after he sent the money . He will pay the fees and for you if you want to cash the amount in dollars , you will pay 0.01 % of the total amount but if you want it in your local currency you won't pay anything ( That's how it works here in Egypt ).. You can go and receive the money half an hour after the sending process ..

Check their site : www.moneygram.com
locate an agent in your city and call them for more info

Hope this helps

Best Regards ,
Joseph Samir
Cairo , Egypt


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power
English
I recommend you Ikobo Aug 23, 2004

Have you tried online money transfer? I recommend you www.Ikobo.com. When you pay money to someone, Ikobo will mail the person an I-kard(a kind of reusable visa debit card). The payee can withdraw money at any visa atm machines with the card. It is very convinient.

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How to Receive Foreign Payments

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