Best option to accept international payment?

whitebee

whitebee

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I think in the future I'll go with Stripe. Transferwise's fee is ridiculous :ROFLMAO:

transferwise.png

If I'm selling a $5 service, I have to charge client extra $1.44. It's practically impossible to sell a cheap $1 service like I did with my premium asset downloader.

Stripe is much cheaper than paypal:

transferwise-stripe.png

for $5 transaction, the fee is only $0.445. Paypal is around $0.52 because I'm in Indonesia (4.4% + $0.30)
 
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babykingsway

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Apr 18, 2020
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boYg said:
Bro I'm not based in Nigeria that's why am asking
Click to expand...
I know and that's why I asked how it's gonna be possible. Cos you need to physically open a GTB account. And banking process here nowadays is no longer like before. A lot of measures now put in place to checkmate laundering.

So from the very first minute, you will need a BVN (maybe you Google what BVN in Nigeria is about), then you need a mobile number which requires that you have a NIN (maybe you should also Google what NIN in Nigeria is all about). Then you can begin the process of opening the account.

The best method would have been opening the account online or through your mobile phone but that was then. Not now anymore
 
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indrabmn

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Jul 15, 2020
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whitebee said:
Oh yes, how could I forget about them! Thanks for your input.

Btw, anyone here have experience with Transferwise.com? Their fees looks reasonable.
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Transferwise.com is available worldwide.So for the poor countries, it is good to receive funds, I mean they allow to open international account whereas Paypal and stripe does not.
 
boYg

boYg

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Sep 15, 2019
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babykingsway said:
I know and that's why I asked how it's gonna be possible. Cos you need to physically open a GTB account. And banking process here nowadays is no longer like before. A lot of measures now put in place to checkmate laundering.

So from the very first minute, you will need a BVN (maybe you Google what BVN in Nigeria is about), then you need a mobile number which requires that you have a NIN (maybe you should also Google what NIN in Nigeria is all about). Then you can begin the process of opening the account.

The best method would have been opening the account online or through your mobile phone but that was then. Not now anymore
Click to expand...
Ooh okay. Thanks for this breakdown. Means practically impossible.
 
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