M. F. Pignataro wrote:
I receive wire transfers from Belgium and the US, and the fees are minimum USD 50 per each transfer, i.e., if you have to transfer let's say USD 200, this system is very expensive. With both clients I usually wait until reaching a minimum of USD 1,000.
I don't know if your company also works with PayPal. In this case, there is a new alternative now called Nubi (https://www.tunubi.com/)
that allows to send the money you may have in PayPal directly to your bank account. I think the commissions are about 3%. There is a commission calculator in their webpage in order to have an approximate estimation of the expected expenses.
Nevertheless, I have never tried this option yet.
I hope this information may have helped you.
Paypal: 4.4% transaction fee plus a fixed fee based on currency received. https://www.paypal.com/us/webapps/mpp/paypal-fees
I'm sure Nubi will also apply a commission.
Our bank charges us a minimum of 60 USD per transfer (up to 1000 US) and 5% of the total amount for receiving the money. Local taxes are also applied.