Need USA Bank Account For Money Transfer from USA to India

109°
Finance Mentor
beastboy

A friend of mine in India who is a freelance has a client in USA , his client has only 2 modes of payment available , either USA bank account Transfer or Paypal Transfer, Paypal appears to be a costly affair due to high processing charges.

So he is looking for an account in USA to which his client can transfer the money.

Once the client credits his USA account with the fund he doesn't want to transfer all the funds from his USA account to his Indian account at once and want to transfer only a fixed amount every month.

Which are the best possible ways to achieve this with minimum processing charges.

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17 Comments  |  
12 Dimers
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Shopping Friend Shopping Friend
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Super Stud Super Stud
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Paypal is a costly affair but its the cost of doing business. I have convinced my clients to pay PayPal Fee as well as Conversion Charges. If they are not agree then simply add those paypal charges while sending your quote.
Benevolent Benevolent
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how much does he gets paid in a month on an average? and how much balance can keep in that account?

Deal Newbie Deal Newbie
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Paa ji, aapka iraada kya hai?

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Koi https://amazon.in/dp/818400205X hai kya aap ka?‏‏

Deal Cadet Deal Cadet
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I think vested is the solution you are looking for 

Helpful Helpful
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Check my old posts regarding the same.
It is nearly impossible to maintain USA bank account to hold the money as we like.

Payoneer.com will be good, but the amount gets transferred automatically to your Indian bank account (as per the RBI rule).

Ping me if you need referral to payoneer (which I am using for last 18months). No issues faced so far.


Deal Cadet Deal Cadet
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I use wise.com

Deal Lieutenant Deal Lieutenant
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USDC is good.

Finance Mentor Finance Mentor
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@rakhee4java872


Link please bro

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Helpful Helpful
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Either use Payoneer (DM for referral link) or sign up for Winvesta

Super Stud Super Stud
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The companies mentioned above by fellow dimers are better in terms of everything when compared to Paypal.

But the thing is, most of the clients from US and CA feel safe doing business with Paypal due to Paypal's Buyer Protection Policies.
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