This fee is about $5 + a commission fee based on the total amount of the transfer.Īlmost all Americans (as well as Canadians) have credit cards, and they can pay us by credit card by using a credit card payment processor such as 2checkout. We are dinged a processing fee when we receive the money.We need to give our full bank information to our customers.It is inconvenient as the sender may have to make a physical trip to the bank to send us the money (business accounts can wire money using online banking).That’s why smaller US customers may not accept to send us money by wire transfer. The sender will incur a relatively hefty fee, which is at least $15. The money will be received within 24 business hours to our bank account.ĭisadvantages of using wire transfer as a payment method.Our American customers can pay us by wire transfer, which is a fast and efficient way to receive money, but can be inconvenient.Īdvantages of using wire transfer as a payment method Of course, there are many ways that our US clients can use to pay for our services/products (but, as you can see from the below, the only ideal way to get money is through Interac E-Transfer, which is still not available between the US and Canada): As Canadian consultants, it is fact of life for our main income to come from the US.
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