WROCLOVE.RB - How to get paid in USD and EUR and not get ripped off (lightning talk)

Post on 15-Nov-2014

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How to get paid in USD and EUR and not get ripped off Llightning talk given at wroc_love.rb 2014

Transcript of WROCLOVE.RB - How to get paid in USD and EUR and not get ripped off (lightning talk)

Mateusz KubiczekCEO & cofounder The Software Java House

twitter: @madmattormatt@tsh.io

HOW TO GET PAID IN $, €, £ AND NOT GET RIPPED OFF

A lot of local companies work for foreign clients

Getting paid in a different currency can be very painful

Paypal - sucks

With Paypal you lose 6-7% of the

money transferred

That’s a lot.

Never have wire transfers in currencies to PLN accounts

Solutions

Wire transfer to currency account and an online exchange

Alior Bank is great (kantor.alior.pl)No fees and a tiny spread vs market rates

Only about $20 - $50 transfer fee

Authorize.net (or other card processor)

2% - 2.5% feeClients can use credit cards

Painful to get it up and running (a lot of paperwork)

BUT with authorize.net you still need to convert the currency

Use cards in EUR and USD for online services

matt@tsh.io