Receiving payment for services.
WHAT THE COMMON ROUTES ARE
International transfer to a local account Providers offering foreign-currency receiving accounts Freelance platforms handling payment Card payment through an invoicing provider
WHAT DIRECT TRANSFER COSTS
Intermediary fees deducted along the chain Conversion margin Delay
WHAT RECEIVING ACCOUNTS PROVIDE
Local account details in the client's country, so they pay domestically.
WHY THAT IS CHEAPER FOR THEM
It avoids an international payment on their side.
WHAT TO CHECK BEFORE USING ANY PROVIDER
Whether they support your jurisdiction What they require for verification What the total cost is What happens if they restrict the account
WHY THAT LAST POINT
Restriction with funds held is a known and serious problem.
WHAT TO DO ABOUT IT
Withdraw regularly rather than accumulating balances.
WHAT TO AGREE WITH CLIENTS
Who bears transfer costs The currency of the contract Payment terms and method
WHAT TO INVOICE IN
The currency you are paid in, stated clearly.
WHAT TO RECORD
Every receipt, its rate, and its source.
WHAT TO ESTABLISH
Your tax and reporting obligations on foreign income. Take advice on your position.
