Payment methods Thread poster: Srini Venkataraman
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There was a time when agencies preferred bank transfer instead of sending checks.
Now I am receiving payment through veem, gusto, melio etc payments. These payments reach the bank account ultimately,
My concern is how safe these payment processors are, and as startups are they biding their time to be gobbled up by a bigger processor?
This layer adds to more logins and 2 factor authorizations thus more passwords/security questions to remember.
The other issue is: T... See more There was a time when agencies preferred bank transfer instead of sending checks.
Now I am receiving payment through veem, gusto, melio etc payments. These payments reach the bank account ultimately,
My concern is how safe these payment processors are, and as startups are they biding their time to be gobbled up by a bigger processor?
This layer adds to more logins and 2 factor authorizations thus more passwords/security questions to remember.
The other issue is: Tax filing date is Apr 18 this year, but invariably most organizations send latest the 1099 by February 15, with enough time available to file taxes. 2 agencies using quicken notes had sent the 1099, one in mid March and another on April 2. These delays cause amended tax return to be filed. Do they think this delay is normal, like the 45 day payment terms is the norm for some other agencies.
I have decided to drop the "Apr 2 " agency. No more hassles. The other one will be under monitoring, as that is a good payer. ▲ Collapse
| | | | | Payment methods | Apr 7, 2023 |
All my clients within the EU pay by bank transfer, it’s quick, easy, without any charges. My non-EU clients pay through Wise or TransferMate (I don’t accept PayPal). I haven’t seen a cheque for over 15 years…
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@Maria out of curiosity, why di you not accept PayPal? Thank you.
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Mihaela C N Plamadeala wrote:
@Maria out of curiosity, why di you not accept PayPal? Thank you.
I don't accept PayPal either. They are outrageously expensive, they apply an outrageous spread to their exchange rates, and in the rare cases that something goes wrong (fraud, for example), they wash their hands and let the account holder take the hit. It's a nasty company.
Wise, Veem and SEPA cover the geographic areas I’m interested in anyway.
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Srini Venkataraman
United States
Local time: 00:43
Member (2012)
Tamil to English
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TOPIC STARTER
I accept PayPal for last 10+ years and also bank transfers. But some of the agencies are going in for newer payment processors.(btw, For one off jobs, I donot like to give bank details.)
| | | | Lieven Malaise
Belgium
Local time: 07:43
Member (2020)
French to Dutch
+ ...
Maria Teresa Borges de Almeida wrote:
All my clients within the EU pay by bank transfer, it’s quick, easy, without any charges. My non-EU clients pay through Wise or TransferMate (I don’t accept PayPal). I haven’t seen a cheque for over 15 years…
The ease of payment by bank transfer is to me a reason to avoid working with clients outside of Europe (of course, if need would be I will not hesitate to change my mind about that).
| | | | | Happy to answer... | Apr 7, 2023 |
Mihaela C N Plamadeala wrote:
@Maria out of curiosity, why di you not accept PayPal? Thank you.
Because Paypal is rather expensive and time-consuming and the alternatives my clients have been using are not, the money transferred goes directly to my bank account, it’s quite quick and I don’t pay a cent.
| | | | Nader Pourbagher
Türkiye
Local time: 08:43
Member (2020)
Azerbaijani to English
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Thomas T. Frost wrote:
Wise, Veem and SEPA cover the geographic areas I’m interested in anyway.
Hi Thomas,
How is Veem? I am going to use it. Is it as good and easy to use as Wise?
[Edited at 2023-12-08 19:15 GMT]
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Nader Pourbagher wrote:
How is Veem? I am going to use it. Is it as good and easy to use as Wise?
Well, I have set it up to forward all USD payments by ACH directly to my USD Wise account without manual intervention, so it's rather transparent in my case. There is no fee for this.
It has many other functions, some with fees, so in your case, I'd have a look at the functions and fees to see if it meets your needs, your problem being, I presume, that Wise is not available for account holders in Turkey.
It was my biggest US client that decided to pass all their payments through Veem, so I guess it was chosen because it has facilities to cater for many countries.
| | | | Hasrina Munajat 
Malaysia
Local time: 13:43
Member (2023)
English to Malay
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SITE LOCALIZER
I've been using Paypal, but considering other alternatives that are less expensive.
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