Billing US clients without a USD account in the UK
Discussion
I'm starting to do some work with US clients and so far they have done wire transfers to our UK business bank account with a GBP conversion. Some prefer fixed costs in USD and with the current FX that could actually work in my favour. What's the best way of collecting on USD invoices without a UK USD account ?
Anone use Payoneer ? On the face of it seems quite a neat interface but need to assure myself its secure and money won't end up in limbo or have a ton of hidden fees.
Anone use Payoneer ? On the face of it seems quite a neat interface but need to assure myself its secure and money won't end up in limbo or have a ton of hidden fees.
lots of options, but if you work for them in sterling then you can bill them in sterling and if they decide to pay in $ then they take the exhange hit: you should get the correct amount regardless of what they actually pay. Its not as convenient for them, but you should see the correct amount in sterling in the account.
If you buy and spend in $ then it might be worth getting a currency account, as you'll only see the exchange rate hit once YOU convert it to sterling. Most banks business accounts offer currency accounts and the ability to move money between them using online/phone/app
If you buy and spend in $ then it might be worth getting a currency account, as you'll only see the exchange rate hit once YOU convert it to sterling. Most banks business accounts offer currency accounts and the ability to move money between them using online/phone/app
worsy said:
When I did the same I simply billed in USD and I would receive a cheque. Paid into Sterling bank account with an ex fee which was quite reasonable.
This numerous times. I don't like to p1ss off the client over admin so a small ex fee is nothing to ease the process and never had a problemGassing Station | Business | Top of Page | What's New | My Stuff