Discussion in 'Business & Tax Advice' started by obeselizard, Feb 22, 2013.
Which option is the safer way for me to receive money, direct deposit or wire transfer?
in cash the best
any help guys?
If you are getting money from overseas, use a company like money tree or western union. That way as a middle company they can get it and confirm. You can get wiretransfers from WU.
Direct deposit, it comes directly to you (your bank a/c, etc.) and it's free. I never liked wires (it cost me extra), tho it's a quicker way to get the money!
Liberty rserve. It comes to your account and can't be reversed by any means. It does have problem of finding exchanger and getting a good rate though.
Online trade is not without risks and no payment method is 100% safe.
Being the receiver is not that risky... I've never heard of a wire transfer being reversed or chargeback lol
Wire transfer can't be reversed but it's a chargeable service
vis-a-vis Direct Deposit which is free of cost but considering Tax compliance issues
wire transfer are good esp in case of Foreign transfers, As they clearly mention Remitter details and similar aspects.
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