Getting paid by an overseas customer through a new LLC

I use Wise for my overseas clients. Their fees are pretty transparent and you get a US account number. Just make sure you invoice in USD or EUR clearly. Haven't had any problems with my LLC receiving funds.

What does your bank say? Some business banks charge a flat wire fee but also a percentage fkr currency conversion. That can add up. I'd ask them first.

Are you set up as a sole prop or partnership? For a single-member LLC, taxes are pass-through anyway. But the payment method doesn't change that. Just keep good records of the foreign income.

also, Wise has a business account option. That might be better for an LLC. I think you need to provide your EIN and formation documents.

I've used Payoneer for year with international clients. Works fine, but their customer service can be slow if something goes wrong. For a one-off project, maybe just use the client's preferred method and eat the fee once. If it's ongoing, set up something better.

That 3% conversion fee is pretty standard for banks. If the amount is large, it might be worth opening a multi-currency account with a fintech. Just check if they support rceiving EUR directly.

Don't forget about the tax form. If you're a US person, you might need to file a W-8BEN for the client to withhold less tax. But that's for them to request. Good to be prepared.