Comments on: How to get paid when you go global http://smallbusiness.blogs.cnnmoney.cnn.com/2008/07/22/how-to-get-paid-when-you-go-global/ Editors from FSB magazine answer your pressing small-business questions. Sat, 07 Nov 2009 04:49:19 +0000 http://wordpress.com/ hourly 1 By: Fernando Perez, Miami, FL http://smallbusiness.blogs.cnnmoney.cnn.com/2008/07/22/how-to-get-paid-when-you-go-global/#comment-879 Fernando Perez, Miami, FL Mon, 25 Aug 2008 20:19:07 +0000 http://askfsb.wordpress.com/?p=419#comment-879 International Collection. The most cost effective and low risk instrument is via a foreign bank. Send the bill of lading/awb , commercial invoice together with a collection draft at sight. The foreign bank will deliver the documents to your customers only against payment and they will send the money to your bank accordingly with your instructions. If you want to offer the privilege of credit to your customers, you can issue the drat at 30 or 90 days. But, these credits have a risk. International Collection. The most cost effective and low risk instrument is via a foreign bank. Send the bill of lading/awb , commercial invoice together with a collection draft at sight. The foreign bank will deliver the documents to your customers only against payment and they will send the money to your bank accordingly with your instructions. If you want to offer the privilege of credit to your customers, you can issue the drat at 30 or 90 days. But, these credits have a risk.

]]> By: Barbara Albert, PA http://smallbusiness.blogs.cnnmoney.cnn.com/2008/07/22/how-to-get-paid-when-you-go-global/#comment-809 Barbara Albert, PA Mon, 04 Aug 2008 13:05:21 +0000 http://askfsb.wordpress.com/?p=419#comment-809 From previous experiences, wire-transfer are the most trustworthy ways to go. From previous experiences, wire-transfer are the most trustworthy ways to go.

]]> By: Yanina Yung, www.ecompetitors.com http://smallbusiness.blogs.cnnmoney.cnn.com/2008/07/22/how-to-get-paid-when-you-go-global/#comment-798 Yanina Yung, www.ecompetitors.com Tue, 29 Jul 2008 15:12:25 +0000 http://askfsb.wordpress.com/?p=419#comment-798 In my view, the best way to get paid is by wire transfers, Western Union or Money Gramm (up to $3K)… It is easy, convenient, and safe. In my view, the best way to get paid is by wire transfers, Western Union or Money Gramm (up to $3K)… It is easy, convenient, and safe.

]]> By: Irene Goldstein,Business Analyst, eCompetitors Inc. eCompetitors.com http://smallbusiness.blogs.cnnmoney.cnn.com/2008/07/22/how-to-get-paid-when-you-go-global/#comment-797 Irene Goldstein,Business Analyst, eCompetitors Inc. eCompetitors.com Tue, 29 Jul 2008 15:08:54 +0000 http://askfsb.wordpress.com/?p=419#comment-797 In my view, the most important factor is that you can accept Dollars, Euros, or other currencies. Moreover, the safest way is the wired transfers, when your Bank manages the money. But you can use the Western Union or Money Gramm (up to $10K)… In my view, the most important factor is that you can accept Dollars, Euros, or other currencies. Moreover, the safest way is the wired transfers, when your Bank manages the money. But you can use the Western Union or Money Gramm (up to $10K)…

]]> By: Srini Lokula, Newark, DE http://smallbusiness.blogs.cnnmoney.cnn.com/2008/07/22/how-to-get-paid-when-you-go-global/#comment-782 Srini Lokula, Newark, DE Wed, 23 Jul 2008 02:12:58 +0000 http://askfsb.wordpress.com/?p=419#comment-782 We work with International customers (B2B and B2C) and prefer to get paid via Paypal, wire transfer or western union. We tried to accept credit cards (B2C sales) but no one was ready to send (fax or email) positive identifications. Charges are part of Cost of Sales; make sure you get payment first. PayPal is working for us. We work with International customers (B2B and B2C) and prefer to get paid via Paypal, wire transfer or western union. We tried to accept credit cards (B2C sales) but no one was ready to send (fax or email) positive identifications.

Charges are part of Cost of Sales; make sure you get payment first.

PayPal is working for us.

]]>