PiXELWiT

I currently use my local credit union for all my banking needs. They have nearly everything I could possibly want but I’ve found them to be lacking in one regard. The credit union I use doesn’t have a “SWIFT” code. What’s a SWIFT code you ask. Well, it’s a number that allows banks of different nations to securely wire electronic funds to each other. If your bank doesn’t have a SWIFT code then you can say “goodbye” to quick and easy international wire transfers from your clients in far away lands and “hello” to long delays waiting for international mail and foreign checks to clear.

I’m aware of PayPal and other online payment services but:

• Their fees are too high on bigger projects.
• They’re too easily scammed.
• They offer NO PROTECTION to those of us selling services rather than goods.
• Transferring funds from PayPal to your actual bank either requires time or more money (transfer fees).

So I ask you, how do you handle payment from new clients in foreign lands? What banking services do you use? What precautions do you take? Have you tried one of the banks that only exists online?

I’d like to hear as many opinions on this as possible so please don’t hesitate to leave a comment and speak your mind.

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