Multiple currencies

[naturelover1]

I am in a plan to start online tutoring services. I will have to create a local bank account in which i should receive multiple currencies. Is it possible? Will the government banks allow such kind of business to be done or there are too much overheads involved in this?

 

[Kejatz]

I don't see a problem here. But why open up an account to receive money on, just receive money on PayPal and then withdraw to your bank account.

 

[jb100]

You may deposit checks of multiple currencies in your local bank from foreign countries. There is nothing harm in it.But check clearance time is nearly one month and there is high fee levied on you by your local bank for such transactions.So PayPal is the best option to receive money in multiple currencies from overseas.Some one has already responded and suggested you to use PayPal to earn from Online tutoring.

 

[andrew25]

Yes, it is possible. Most of the major banks convert currencies during transaction with a little fee. You can also PayPal which has a very low fee when compared with wire transfer stuffs.

 

[mneilson]

There is absolutely no harm in maintaining a multi currency account. You can open a Bank account in Cyprus. There you can have the option to maintain a multi currency account. I think another solution is open a business account with PAYPAL. You can hold multiple currencies in your PAYPAL account free of cost.

 

[flora]

Hello friends


The multiple currencies


* Canadian Dollars


* Euros


* British Pounds


* U.S. Dollars


* Yen


* Australian Dollars


* New Zealand Dollars


* Swiss Francs


* Hong Kong Dollars


* Singapore Dollars


* Swedish Kroner


* Danish Kroner


* Polish Zloty


* Norwegian Kroner


* Hungarian Forints


* Czech Koruny


* Israeli Shekels


* Mexican Pesos


* Brazilian Real (only for Brazilian users)


* Malaysian Ringgits (only for Malaysian users)


* Philippine Pesos


* Taiwan New Dollars


* Thai Baht


Thanks for sharing us...........


GRP Mouldings

Last edited by a moderator: Jan 6, 2010

 

[leeza]

Hello friends


In addition to Internet usage growing much faster outside the U.S., countries that have the strongest purchasing power are also outside the U.S. ”“ like those in the European Union,” says Melissa Jones, vice president of U.S. Sales and Relationship Management for Planet Payment, an international payment processor. Planet Payment helps banks process multi-currency transactions, as well as helping merchants directly implement the tools they need for multi-currency processing. “International purchasers are able to pay a higher price point these days. Merchants have the ability to reach the basis of consumers in the world where Internet usage is growing, and the ability to reach a customer base able to spend more for each product than a U.S. consumer.”


Thanks to all friends

Last edited by a moderator: Jan 7, 2010
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[goldy]

Hello friends


The multiple currencies


* Canadian Dollars


* Euros


* British Pounds


* U.S. Dollars


* Yen


* Australian Dollars


* New Zealand Dollars


* Swiss Francs


* Hong Kong Dollars


* Singapore Dollars


* Swedish Kroner


* Danish Kroner


* Polish Zloty


* Norwegian Kroner


* Hungarian Forints


* Czech Koruny


* Israeli Shekels


* Mexican Pesos


* Brazilian Real (only for Brazilian users)


* Malaysian Ringgits (only for Malaysian users)


* Philippine Pesos


* Taiwan New Dollars


* Thai Baht


Thanks for sharing us

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