My colleague Eve Bodeux just released the fifth episode of our podcast Speaking of Translation. It’s entitled “Leverage payment methods to keep the most money in your own pocket,” and we talk about the advantages and disadvantages of getting paid by check, ACH, wire transfer, PayPal and international currency transfer companies. The podcast site is set up so that you can either listen right from the site without downloading anything, or you can download the audio file to your computer or mp3 player and listen at your leisure. We’ve also added a new feature (can you tell that we secretly want to be NPR hosts?), you can call and leave a message on our comment line, 720-279-4738. Feel free to give us your feedback, suggest a topic for a future episode or ask a question that we can answer on the air! Happy listening!
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One thing I would like to add to the possibilities of using PayPal is to think of it as an online checking account. Instead of transferring the entire balance of your PayPal account to your bank account, consider using PayPal to pay for items and services directly. This way you do not lose money in any possible bank fees or in some cases, currency conversions. In my case, PayPal does not deal directly with Chilean banks, so there is even more of an incentive for me to use PayPal this way.
You can buy things like Skype credit, eBay purchases, VA services, and the list will no doubt grow over the years.
That is an interesting idea! Thanks for that additional tip.