With over 13 million freelancers contributing to the digital economy, Mexico has solidified its position as a key player in remote work. However, one of the biggest hurdles for Mexican freelancers working with clients in the UK, US, and EU is receiving payments efficiently. Traditional banking systems can be slow and costly, cutting into your earnings with high conversion fees and long processing times.

Grey solves this problem by offering freelancers in Mexico multi-currency accounts, fast transactions, and low fees so you can receive payments seamlessly from international clients.

Also read: How to manage multiple currencies as an expatriate in Mexico using Grey

Why Mexican freelancers should open US, UK, and EU accounts

• Quicker transactions – Receiving payments in a local US, UK, or EU account speeds up processing and avoids unnecessary banking delays.
• Low costs – Currency conversion from USD, GBP, or EUR to MXN via banks can incur high fees. A foreign account helps freelancers keep more of their earnings.
• More work opportunities – Many clients prefer working with freelancers who have foreign accounts, making them more attractive hires.
• Seamless international payments – Some freelancing platforms offer better payment options for those with accounts in major currencies, ensuring a smoother financial experience.

Related article: How to open US, UK and Euro bank accounts remotely in Mexico

Steps to receive payments in US, UK, and EU accounts in Mexico

Grey simplifies the process for Mexican freelancers to receive international payments by providing virtual US, UK, and EU bank accounts. Here’s how you can receive payments smoothly:

Step 1: Sign up for a Grey account

• Visit Grey’s website or download the Grey mobile app.

• Click "Sign Up" and provide your email address, phone number, and password.
• Verify your email and phone number to activate your account

Step 2: Complete identity verification

• Upload a valid ID (passport, national ID, or driver’s license).
• Provide proof of address (e.g., utility bill or bank statement).
• Grey will review and approve your identity within a short time.

Step 3: Open a foreign currency account

• Once verified, log into your Grey dashboard.
• Navigate to "Create Account" and choose the preferred currency (USD, GBP, or EUR).
• Grey will generate a foreign bank account number and details for you.

Also read: How to receive dollar payments and convert to USDC in Mexico

Step 4: Share your payment details with clients

• Copy your newly created US, UK, or EU bank account details.
• Send the details to your clients via invoice, email, or contract agreement.
• Clients can transfer funds directly as if sending to a local account in their country.

Step 5: Convert and withdraw to your Mexican account

• Convert your funds from USD, GBP, or EUR to MXN at competitive exchange rates.
• Withdraw your money to any Mexican bank account quickly and securely.

For Mexican freelancers, Grey makes receiving international payments fast, minimises conversion costs, and simplifies managing global income. Open your Grey account today for a seamless cross-border transaction.

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