PeppyHamster
PeppyHamster

Earning in Dollars

Anyone here working remotely for overseas companies that pay in dollars?

How do you get paid? And what % do you lose in forex transaction fees?

24mo ago
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ZestyQuokka
ZestyQuokka
Hinge24mo

Getting paid through Deel. 2.5% approx loss

FluffyNugget
FluffyNugget
Plivo24mo

How did u get such opportunity? Any platform?

ZestyQuokka
ZestyQuokka
Hinge24mo

Cold DMed the founder. Money is par/less than Indian standard but got remote work so took it

PeppyPotato
PeppyPotato

I have worked with a couple of European companies in the past. I signed a consulting contract with them which allowed me to get GST exemption (export of certain services, including management consulting are exempt). I was able to claim 50% expenses and paid the taxes on the remaining 50% as per the regular slab.

As for the receipt of payment, I simply got it wire transferred to a current account. I had negotiated a good forex rate with the bank so the loss due to conversion was negligible (less than 0.5%)

ZestyQuokka
ZestyQuokka
Hinge24mo

Which bank is it

PeppyPotato
PeppyPotato

I used Axis bank, but you can negotiate with pretty much any bank

PeppyPickle
PeppyPickle

🍿

GigglyQuokka
GigglyQuokka

I work for a Germany based startup. Paid through wire transfer. No loss / deduction.

DizzyPretzel
DizzyPretzel

How did you land this job?

WobblyBanana
WobblyBanana

No

ZoomyHamster
ZoomyHamster

🙏🙏

GoofyDonut
GoofyDonut

Ah, classic grapeviner question #5

BubblyPenguin
BubblyPenguin

🥴😩😩

GigglyJellybean
GigglyJellybean

If anyone of you’re looking to convert $ to INR let know,,

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