Question

Topic: E-Marketing

What Is The Best Way To Distribute Payment?

Posted by Anonymous on 1/31/2005 at 5:37 PM ET 250 Points
What is the best way to send cash to clients world wide?

I've looked at a number of ways of sending cash, including EFT, wire transfer, and cheques, but I'm not sure which is the most cost effective approach to reach a large number of clients.

Also, are there any commercial services are currently available to automate payments by cheques?
To continue reading this question and the solution, sign up ... it's free!
SUBSCRIBE
Or, SIGN IN

RESPONSES

  • Posted by Peter (henna gaijin) on 1/31/2005 at 6:52 PM Accepted
    This varies greatly by country.

    For example, in Korea and Japan, electronic transfers between banks are common. But these are not that common in the States, where checks and credit cards are more common.
  • Posted by telemoxie on 1/31/2005 at 11:52 PM Accepted
    I've used PayPal for international transfers - seems to work fine. I've also talked with my bank about setting up individual accounts, and sending a debit card to the recipient - that way, I can visit one bank to make all the deposits, and folk can withdraw the money using the debit card in their country. Or, you could set up individual accounts in your country at your bank in the name of the other person, and simply make cash deposits (or check deposits) in your local bank - they other person can withdraw the money or write checks. Please don't interpret this as legal advice - I have no idea what tax or other issues may arise.
  • Posted by Mushfique Manzoor on 2/10/2005 at 4:02 PM Member
    hi zhang

    you have not mentioned why you need to distribute money around the world. anyway, you can check with "Western Union Money Transfer". they transfer money to all over the world. its one of the leading remittance service provider of the world.

    hope that helps.

    cheers!!
BACK TO TOP

Post a Comment

Related Discussions

Community Info

Top 25 Experts
(E-Marketing)