[Hidden-tech] Getting money from over there to here without making the banks rich

[Charlie Heath]

Credit card fees are generally about 3% - so that would be $60 on a $2K 
transaction.  Good luck, if you do figure something out that has a lower 
cost, let us know.  I suspect you'd need a client with a dollar-based 
account to avoid fees unless you've got larger transactions.

Charlie Heath
Town Websites <http://www.town-websites.com>



Jeanne Yocum wrote:
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> Hi,
>
> I have a client in Denmark who has been paying me by making a wire transfer
> into my bank account. Every time he sends me $2K, his bank takes about $40
> out of the $2K and then my bank also charges me a $20 fee. So we're out
> roughly $60 all told. We are now entering into a retainer relationship, so
> he'll be sending money each month...and, of course, we both would like to
> eliminate the ridiculous bank fees.
>
> I asked my bank what would happen if he just FedExed me a check made out in
> Euros and they said they would charge me $50 to change the Euros to dollars.
> I also checked Western Union and it turns out they would charge in that
> range also for the transaction. (Funny how no matter how you do it, it ends
> up costing about the same amount...why is that?)
>
> Does anybody know how to get money from there to here for less than 50 to 60
> bucks per transaction?  My client will be traveling to the U.S. in a few
> weeks and is wondering if he can go into one of the major banks, provide
> them with my account number, hand them his credit card and ask them to make
> a deposit to my account and charge it to his credit card.  Would this work?
>
> Thanks for any input.
>
> Best,
>
> Jeanne Yocum  | Principal
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