How To Pay A Foreign Invoice

Table of contents:

How To Pay A Foreign Invoice
How To Pay A Foreign Invoice

Video: How To Pay A Foreign Invoice

Video: How To Pay A Foreign Invoice
Video: Invoice Payment Methods | Odoo Invoicing 2024, April
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You may face the payment of a foreign invoice if you go on vacation abroad, and there you need to pay for the reservation. Or you decide to buy real estate abroad, any service or product. There are several options for this translation.

How to pay a foreign invoice
How to pay a foreign invoice

Instructions

Step 1

Use the services of one of the banks in the country to transfer the required amount to the appropriate account of the foreign representative partner. Here you must choose the bank that will charge less interest for such a monetary transaction, and the bank must be reliable. This option is one of the most popular and frequently used.

Step 2

Transfer the required amount from your personal foreign account to the appropriate recipient's account (if you have such an account opened and have the required amount on it). Carefully check all the details when paying. This type of cashless payment is also used quite often.

Step 3

Pay the bill with the help of a legal or natural person who represents your interests abroad (that is, directly in the recipient's country). Such a person can be either a private person or a notary or a bank. Please note that in some countries, the presence of such an intermediary when carrying out such monetary transactions is required.

Step 4

To transfer a certain amount to a foreign account, complete the appropriate transfer through a bank using one of the electronic systems. The most commonly used money transfer system is Western Union, since it works in almost all countries of the world, providing fast and reliable money transfers. It will be enough to indicate the recipient's name, city, and the amount of the money transfer.

Step 5

In order to pay an electronic bill, use the WebMoney electronic money system. Thanks to the use of this system, you can transfer money in the appropriate currency even to a foreign account at any time, without intermediaries, in any volume (for this you must have a certain level of certification in the WebMoney system). In addition, the commission will be only 0.8%.

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