When it comes to accepting payments from overseas, I’ve learned the hard way that there is no single answer as to what works best. It all depends on a range of factors, such as:
- the country in which you live
- the country or countries in which you hold bank accounts
- the facilities available to you either through your bank(s) or in the country in which you live
- the country in which your clients are based
- the currencies in which you will (hopefully) be paid
- the amount and frequency of payments
- applicable fees, exchange rates and transfer times