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captain54 · Lucky 700 Joined: 30 Jan 2006 Posts: 744 Location: chicago

A Bodalgo gig/client (European) has a policy of only using international bank wire transfers. My info clearly states PayPal only. The pay isn't bad.

I'm assuming I have to share my bank acct info.. is this safe? and isn't there normally a $35 - $50 fee for an incoming international money transfers?

any info would be appreciated.

thanks

Bish · Posted: Mon Jul 30, 2012 11:49 am Post subject:

For what it's worth, I did a gig for an Italian production house and accepted wire transfer for both the 50% up front and the remainder. Went through sweet as anything. Cost me $35 if I remember correctly (which I'd figured in to my quote).

Remember, you're only giving away as much info as you give away when you write someone a check... name, routing code and account number. Personally, I don't think it's a big issue and we give far more away when we hand over a credit card in a restaurant!

It's a fact of life that a lot of bigger companies don't like Paypal and don't consider it as a professional financial tool.
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scottnilsen · Posted: Mon Jul 30, 2012 11:51 am Post subject:

My business checking account is there for just such a reason. I only keep a few bucks in it in case something does go south.
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Bruce · Posted: Mon Jul 30, 2012 12:27 pm Post subject:

Wire transfers are 99.99999% safe so go for it.

I got a large one from often chaotic Kashmir once though, and I was waiting for Homeland Security to show up at my door and ask questions. Didn't happen. Banks do take a chunk for the privilege however.

PayPal doesn't work in some countries so they sometimes have no choice but to use a transfer.

B
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Deirdre · Posted: Mon Jul 30, 2012 12:44 pm Post subject:

Just ask your bank what the fees are for incoming wire transfers.

One of my banks charged $10, my USAA account doesn't have any fees at all.
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captain54 · Lucky 700 Joined: 30 Jan 2006 Posts: 744 Location: chicago

my bank charges $12

you give the routing number, acct# and account holder name and address... location of the bank or branch where funds are sent.

as far as safety, I guess it's not that much different that if you write a check.. the person that gets your check has the routing # and account # on the check and your name, so what's the diff?

Kristin Lennox · Flight Attendant Joined: 30 Apr 2011 Posts: 858

You might get bit on both ends -- I had one wire transfer client, and not only did I lose $15 on my end (which I expected), I lost $15 on their end (I'm guessing from THEIR bank...?)(which I was not expecting...)

Safe, yes, but forewarned is forearmed on the fees.
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Lee Gordon · Posted: Tue Jul 31, 2012 12:00 am Post subject:

Every European client I've gotten through Bodalgo has paid me by PayPal with no problem. I suppose it varies by country.
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Chuck Davis · Posted: Tue Jul 31, 2012 3:46 am Post subject:

I have a separate account specifically for wire transfers. I have a Swiss eLearning client that pays that way every month. Works perfectly.
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Jacob Ekstroem · Posted: Tue Jul 31, 2012 8:48 am Post subject:

I too have lots of European clients who pay by wire transfer. No problems so far.
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Lance Blair · M&M Joined: 03 Jun 2007 Posts: 2281 Location: Atlanta

Just make sure they're not using copper wire. Wink

Yes, I safely accept this method also.
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