Nearly lost 14% of a campaign fee to unexpected currency conversion charges from a USD-to-RUB payment. Now I use the platform’s contract generator to specify exact payment rails and fee bearers. But dealing with 4 different currencies this quarter - what clauses do you insist on? Any experience with crypto payments? How do you handle late payments across time zones without burning bridges?
Mandate Wise or Payoneer accounts for all international partners - their conversion rates beat banks. Our contracts specify payment in sender’s currency to avoid hidden fees. Late payment? Automated 2% weekly late fee with Slack reminder integration. Harsh but effective.
Analysis shows RUB/USD contracts with mid-market rate locks 3 days pre-payment reduce volatility losses by ~9%. We built a calculator using ECB data - happy to share the template.
Learned the hard way - never accept ‘company check’ payments from overseas. Stuck with 6-week clearance once. Now all my contracts state immediate wire transfers only. For small brands, take 50% upfront in their local currency.