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Article #145

Receiving foreign payment ...

#145
From: Scott Hess
Date: Fri, 28 Aug 1992 22:17
32 lines
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I'm a software developer with a reasonably popular shareware terminal
emulator on the NeXT computer.  In the past 6 months or so, my
program's been becoming more popular overseas.  Things have worked
out fine, since I've been receiving payment in funds drawn on US
banks.

This week, I received a check drawn on a German bank.  So, I take
it down to Norwest (where I've an account) and try to deposit it.
They want a $35 collection fee.  The check's only $40!

So, I'm left with a $5 piece of wallpaper.  Anything I can do with
it?  Any good general solutions for this problem?  I plan to receive
more checks from Europe in the future, so this sort of puts me in
a bad way ...

I've checked into a couple things.  Wire transfers might be alright.
But, I note that Norwest would want $25 from me to make a wire
transfer to a foreign land.  This just puts the problem on somebody
else's shoulders!  I'd rather have a solution which would bring
the costs down to the $10 area, which I'd be happy to split with
the customer.

I suppose I could always find a German distributor.  That might
work best.  But, could the German distributor accept checks from
somewhere else - like Sweden?  Sigh ...

Thanks,
--
scott hess <shess@ssesco.com>  <Who achieved programmer nirvana on Aug 11th>
12901 Upton Avenue South, #326  Burnsville, MN 55337 (612) 895-1208 Anytime!
   <Text: One Class to bring them all and in the darkness bind them ...>
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From: scott@nic.gac.edu (Scott Hess)
Newsgroups: mn.general
Subject: Receiving foreign payment ...
Message-ID: <SCOTT.92Aug28171724@nic.gac.edu>
Date: 28 Aug 92 22:17:24 GMT
Distribution: mn
Organization: Gustavus Adolphus College
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Nntp-Posting-Host: nic.gac.edu