MBA1142 Saving Money When Paying in Different Currencies + Free Ride Friday!
It’s a big world out there, and the Internet allows entrepreneurs to find the best, most affordable talent wherever it is. But with that freedom comes a unique, modern hassle: losing money as you do business across national borders. Today, we discuss how exchange rates can cost you hundreds per month — and what you can do about it. As a remote team with over 30 employees on 4 continents, we’re experienced navigators of the international currency scene. Over time, we’ve learned how to pay our people what they’ve earned, wherever they live, without bleeding cash ourselves. Learn the tips and tricks you and your accountant can use to save money on payroll, whatever the currencies involved. Learn how payment processors like PayPal can cost you more than you realize, and what better alternatives exist. Find out how to minimize the number of transfers you make, and mitigate the losses those transfers cause. Click Play!