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Old 11-09-2016, 11:27 AM  
RuthB
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Join Date: May 2005
Location: Vancouver, Canada
Posts: 7,241
Quote:
Originally Posted by Matyko View Post
Hi All,

As a European webmaster I need to ask for your help regarding the recently growing issue about getting paid by US companies. I live in Hungary, and here, since approx 6 months ago the banks stopped taking/cashing US checks.. Earlier I was able to cash them, however it was always a struggle, because of the bad exchange rates and very long time to complete the transactions (it usually took 3-4 weeks until the money appeared on my bank account). I am aware that other EU/nearby countries have issues with cashing checks And getting international wires.

Payoneer might be OK, but they say that I can withdraw money to my bank account from only certain funding sources..

Maybe I need to open a US bank account for my hungarian company and ask domestic wire there, than move that money to my hungarian bank account?

The only solution I can think about is to ask the domestic wire to a reliable 'exchanger' [Roby or Chosen] and than get a wire from them to the bank account of my company.. But in this case what shall I say to my accountant? The money is not coming directly from the company I am working with....

Anyone has a good/affordable solution?

Thank You for the cooperation / advices in advance!
Hi Matyko,

Paxum can help. You can receive payments to your Paxum account, and then withdraw by wire to your local bank. It's simple and direct. We don't limit your withdrawal based on your funding sources.

We do also have the Paxum card for instant withdrawal, but if you need the funds deposited directly to your bank account, or if your monthly withdrawals would be greater than $10,000 USD, then wire withdrawal might be more suitable.

I'd be happy to assist you if you have any questions.
Thanks,
Ruth
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