Losing your money to transaction charges and unfair conversion rates can be discouraging. Freelancers, remote workers, and business owners working with international clients receiving international payments shouldn’t endure hidden charges, poor exchange rates, and delayed access to funds.

There are smarter ways to manage your international payments and keep more of what you earn. With a reliable and affordable payment solution like Grey, here’s a simple guide to help you avoid high fees when receiving money from overseas.

Read also: The best international bank accounts for freelancers and remote workers

Tips to avoid high fees on international payments

Choose digital payment platforms over traditional banks

Traditional banks often charge higher fees for wire transfers and offer less favourable exchange rates. Modern fintech platforms like Grey provide lower costs, better transparency, and quicker transactions.

Get paid in the sender’s currency

When possible, ask to be paid in USD, GBP, or EUR instead of your local currency. This helps you avoid unfavourable conversion rates applied by sending banks or services. With Grey, you can hold these currencies and convert them only when convenient for you — often at much better rates.

Use virtual foreign accounts

Opt for a free virtual account instead of relying on multiple payment apps or expensive international bank accounts. Grey offers you virtual USD, GBP, and EUR accounts to receive payments like a local in the United States, United Kingdom, or Europe.

Virtual accounts simplify the payment process, reduce unnecessary charges, and give you faster access to your funds.

Check for hidden fees before accepting a payment method

Before choosing how you want to receive payment, check the terms. Some platforms look free but hide charges in their exchange rates or withdrawal fees.

How Grey helps you avoid high international payment fees

Grey is designed specifically to help freelancers and remote workers manage their global earnings efficiently. At Grey, we allow users to:

• Create free virtual USD, GBP, and EUR accounts in minutes.
• Receive payments without intermediary bank fees.
• Hold foreign currencies and convert when rates are favourable.
• Withdraw directly to your local bank account at highly competitive rates.
• No hidden fees or complicated payment structures.

Read also: The best international bank accounts for freelancers and remote workers

Managing international payments with Grey

Receiving international payments does not have to be expensive or stressful. Look out for unfavourable conversion rates and hidden fees before opting for a payment method. Using smart fintech solutions like Grey ensures you keep more of your earnings and manage your finances effectively.

Get started with Grey today and avoid high fees when receiving international payments.

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