• Last Updated:
  • Nov 14th, 2017 9:33 pm
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[OP]
Member
Aug 16, 2013
230 posts
58 upvotes
Markham

Recurring payment to the vendor

We hired an offshore software services company one year back. We have been sending them money via Wire Transfer, Moneygram or the Western Union. They don't have Paypal in their country.

Now as a retainer, we have to send them $5000 every month. They have now asked us to send money directly via Wire Transfer between banks as Moneygram and WU block transactions and ask irrelevant questions from them by holding the money. Is there any way I can set up a recurring Wire Transfer from my personal bank account as I don't want to fill up the forms and line up every single month? The bank rep mentioned I can't. Any other alternate solution like Transferwise etc. where I can transact with this company online?
2 replies
Newbie
Aug 10, 2017
35 posts
12 upvotes
Mississauga
roofgoof wrote:
Nov 14th, 2017 4:52 pm
Anyone?
Try a currency broker such as MTFX. If paying in USD you will get a better rate than your bank.

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