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Ask HN: What's the best way to receive money internationally?
9 points by crgt 1052 days ago | 15 comments
We're considering PayPal (but have heard the horror stories about holds on larger amounts) or a wire transfer (but would prefer not to provide our routing and account number). 10K+. Would love to hear the community's suggestions.



In the past I've done similar amounts using a wire transfer service like Travelex ... from memory, it was a fixed fee (not a % commission) & the exchange rate was good. You just pay them cash over the counter.

The exchange rate is where standard banks often make a killing when doing a wire transfer.

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Thanks for the suggestion! I'll check 'em out. I was secretly hoping that there was some awesome YC-backed start-up that's nailing this problem that I'd missed..but this looks like it may be helpful.

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Why wouldn't you want to provide your routing number and account number? You give them out every time you write a check. Wire transfers are probably the only good option here.

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Because there are places where that's all it takes to spend money. I trust our clients..but you never know..especially when dealing with an international client you've never met.

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Create a checking account just for this purpose. Only use it for holding transfers. It takes about ten minutes to setup a new account at most banks.

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This is what we've landed on as a default - just seems kinda wonky. As if MacGuyver were handling our incoming $ or something.

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I don't know how this would work with international but I think knightsbridgefx.com is a good option.

They do currency conversions through bank accounts. So you save $ on the exchange + you get the money wired. Minimum is 10k so this might fit the bill.

Where are you sending/receiving from?

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Found this http://saasy.com/matrix.php

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This is interesting. Has anyone used them?

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Try Stripe, i've heard many people consider it instead of Paypal.

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The bank account which is linked to the stripe account have to be in the US. But as far as I know they are accepting CC from all around the world. If you are sitting in the US and you just want receive Money from everywhere, than stripe is a good option. At least if you are dealing with small amount of Money. As far as I know stripe takes some percentage from the transaction. For big transactions, like 10K USD, I wouldn't recommend it.

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Unfortunately AFAIK Stripe is still limited to US and a few others I think, Beta in Canada. No Europe. This is quite a limiting factor.

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Would love to use them. But they don't support everywhere we need to be.

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for Europe based transaction try Transferwise https://transferwise.com

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I've used Transpact for international payment.

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