• Home
  • Archive
  • Tools
  • Contact Us

The Customize Windows

Technology Journal

  • Cloud Computing
  • Computer
  • Digital Photography
  • Windows 7
  • Archive
  • Cloud Computing
  • Virtualization
  • Computer and Internet
  • Digital Photography
  • Android
  • Sysadmin
  • Electronics
  • Big Data
  • Virtualization
  • Downloads
  • Web Development
  • Apple
  • Android
Advertisement
You are here: Home » What are the Ways to Receive International Payments

By Abhishek Ghosh January 7, 2021 7:03 am Updated on January 7, 2021

What are the Ways to Receive International Payments

Advertisement

When we first started online works many peoples could not believe that money can be earned online, although PayPal was present since the year 2002. Technically, PayPal is one of the first digital wallets. Coca Cola was the very company to introduce a digital payment system back in 1997. I guess even today a newbie had not much idea around the ways to receive money from a company or a person from a different country. The biggest concern of digitally transferring money still today is a loss of money.

 

Via a known person

 

The most secured way to get the money in hand is via a known person. This can be arranged in different ways – via peer group, a business partner, or by employing a freelancer to do the job for a fee. This procedure makes sure that the person paying does not need to take much risk. This method is suitable in special cases. This method of transaction is not common.

 

Via paper cheque

 

Most bank cheque internationally works. If I issue a cheque from Axis Bank, Kolkata to John Doe residing in Little Rock and mail it to him, he can encash the cheque from the local main branch of the bank. This system requires a core banking system. This method prevents the chance of money loss. However, this is a time-taking procedure (can take 4 days to 2 months) and also costly. Google AdSense used to issue cheques to the bloggers still recent past. It is suitable for the sum of over $100.

Advertisement

---

 

Bank transfer

 

We can transfer money using SWIFT bit via the banks which support this system (most banks do support). Presently, many companies including Google AdSense apply this method for their payments. It is quite a safe method as the procedure involves 3 banks. However, the procedure can take 4 days to 2 months. This method is as good as sending cheque without the trouble of involving the postal system.

 

Wire transfer

 

Western Union and Moneygram charge around $22 per average transaction and you will get the cash in your city within some hours. This is the fastest method of getting cash in hand from a different country.

 

Escrow transfer

 

Escrow is involving a third party via a company, which holds the money before they are transferred from one party to another. This kind of money transaction is for meeting contractual requirements and shielding who is paying. Except purchasing domain and websites, this costly service is not required for common works.

 

Stripe and RazorPay

 

These two services are suitable for some countries, but you can not use them in all the countries across the globe.

 

PayPal

 

PayPal is the gold standard for the bloggers and freelancers. The biggest advantage of PayPal is the invoicing service for free. However, the charges of PayPal for an international payment is quite higher. PayPal is barely suitable for the transactions over $500.

 

e-Transfer (Interac)

 

e-Transfer is yet not available in all the countries. e-Transfer is an excellent alternative to receive payments via local banks.

What are the Ways to Receive International Payments

 

Conclusion

 

Among the various solutions, PayPal remained the most popular and reliable service over 1.5 decades for receiving international payments. PayPal is convenient but at a cost of extra charges for conversion of foreign currency. Bank transfer and wire transfer are a robust alternative to PayPal payments. Unfortunately, I can not discover any method which never delivers any headache.

This Article Has Been Shared 826 Times!

Facebook Twitter Pinterest
Abhishek Ghosh

About Abhishek Ghosh

Abhishek Ghosh is a Businessman, Orthopaedic Surgeon, Author and Blogger. You can keep touch with him on Twitter - @AbhishekCTRL.

Here’s what we’ve got for you which might like :

Articles Related to What are the Ways to Receive International Payments

  • Will you use cracked Windows 7?

    Know why using a cracked version of Microsoft Windows 7 is dangerous

  • Computing and Neuroscience : Branches and Basics

    Computing and Neuroscience has very closer relationship. The basic idea is to understand human brain and cellular functioning and increase the quality of life.

  • PRISM and Cloud Computing : Its SaaS that will be Rghtly Killed

    Prism and Cloud Computing created a great excitement. Since it allows American and British intelligence services to smoothly listen to Internet.

  • Bitcoin Mining Guide For Beginners

    Bitcoin Is Designed To Be Generated By Computer Hardware & Software. Free Money Is Not So Easy. Here Is Bitcoin Mining Guide For Beginners.

  • How the Post-Quarantine Era Will Be for the IT Workers

    The quarantine measures for coronavirus pandemic was an apt measure to control it. However, its impact already has been obvious to the whole world from an economic perspective. Quarantines travel bans, and home-stay resulted in a decline in consumer spending. Many businesses are operating at a loss. While many startups are struggling to close. These […]

Additionally, performing a search on this website can help you. Also, we have YouTube Videos.

Take The Conversation Further ...

We'd love to know your thoughts on this article.
Meet the Author over on Twitter to join the conversation right now!

If you want to Advertise on our Article or want a Sponsored Article, you are invited to Contact us.

Contact Us

Subscribe To Our Free Newsletter

You can subscribe to our Free Once a Day, Regular Newsletter by clicking the subscribe button below.

Click To Subscribe

Please Confirm the Subscription When Approval Email Will Arrive in Your Email Inbox as Second Step.

Search this website…

 

Popular Articles

Our Homepage is best place to find popular articles!

Here Are Some Good to Read Articles :

  • Cloud Computing Service Models
  • What is Cloud Computing?
  • Cloud Computing and Social Networks in Mobile Space
  • ARM Processor Architecture
  • What Camera Mode to Choose
  • Indispensable MySQL queries for custom fields in WordPress
  • Windows 7 Speech Recognition Scripting Related Tutorials

Social Networks

  • Pinterest (20K Followers)
  • Twitter (4.9k Followers)
  • Facebook (5.8k Followers)
  • LinkedIn (3.7k Followers)
  • YouTube (1.2k Followers)
  • GitHub (Repository)
  • GitHub (Gists)
Looking to publish sponsored article on our website?

Contact us

Recent Posts

  • What is Software Modernization? January 21, 2021
  • Cloud Computing : Cybersecurity Tips for Small Business Owners January 20, 2021
  • Arduino : Independently Blink Multiple LED January 18, 2021
  • What is a Loosely Coupled System? January 17, 2021
  • How To Repack Installed Software on Debian/Ubuntu January 16, 2021

 

About This Article

Cite this article as: Abhishek Ghosh, "What are the Ways to Receive International Payments," in The Customize Windows, January 7, 2021, January 22, 2021, https://thecustomizewindows.com/2021/01/what-are-the-ways-to-receive-international-payments/.

Source:The Customize Windows, JiMA.in

 

This website uses cookies. If you do not want to allow us to use cookies and/or non-personalized Ads, kindly clear browser cookies after closing this webpage.

Read Cookie Policy.

PC users can consult Corrine Chorney for Security.

Want to know more about us? Read Notability and Mentions & Our Setup.

Copyright © 2021 - The Customize Windows | dESIGNed by The Customize Windows

Copyright  · Privacy Policy  · Advertising Policy  · Terms of Service  · Refund Policy