Ask HN: How best to pay offshore resources?

1 points by zenocon 15y ago ↗ HN

Hi, I have a consulting S-corp that I've been running for about 6 years with me as the sole employee. I use Paychex for payroll, and all my contracts are corp-to-corp. Now, I'm trying to bootstrap a startup, and I have a lingering consulting project that is about 70% done, and I want to hire someone to help me finish it, so I can devote all my time to the startup. I ended up finding a great resource, and it just so happens that he is Romanian. I didn't go looking for an offshore resource, it just happened that way. Anyway, I'm unsure how best to pay him, and I was wondering if anyone on HN might be able to provide some guidance or resources?

4 comments

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trapexit 15y ago ↗

Your bank can probably set you up for doing international wire transfers using online banking. The fees are usually substantial on both sides of the transaction, however. For smaller jobs, I usually pay foreign freelancers using PayPal.

zenocon 15y ago ↗

Thanks, I guess I should have clarified -- I think PayPal will work fine to actually handle the transaction. I guess the thing I'm wondering about is how to handle the tax / reporting side of things.

sixtofour 15y ago ↗

Your accountant should tell you this.

iapi 15y ago ↗

You can try out guys like payoneer.com they offer loadable debit cards worldwide or try to get SWIFT transfer facility with your bank.