[Patentpractice] [E-trademarks] Good, Inexpensire service for bank wire payments

[Scott Nielson]

I suppose the downside is that you are now loaning the client money until the client gets around to paying the invoice (vs having the foreign associate hold the amount owed as an account payable). This means you either need to pay interest on the amount on the credit card or pay it off and just realize that you will always have some level of revolving credit out to your clients.

Scott Nielson

801-660-4400

________________________________
From: Orvis <orvispc at gmail.com>
Sent: Tuesday, November 21, 2023 5:15 PM
To: For patent practitioners. This is not for laypersons to seek legal advice. <patentpractice at oppedahl-lists.com>
Cc: Scott Nielson <scnielson at outlook.com>; For trademark practitioners. This is not for laypersons to seek legal advice. <e-trademarks at oppedahl-lists.com>
Subject: Re: [Patentpractice] [E-trademarks] Good, Inexpensire service for bank wire payments

Instead of fighting with my accounting department to send a wire, I send it myself, charge my credit card, and then submit a reimbursement claim. It takes about a minute.

Wise allows you to select the delivery of a dollar certain in most currencies. Wise calculates the wire fees and conversion fees, adds some convenience fee I think, and charges you the amount it says you will be charged.

Once you use it, you'll look at the others that pound on the desk about the impossibility of knowing the fees and conversions as silliness.


Nov 21, 2023 6:58:53 PM Scott Nielson via Patentpractice <patentpractice at oppedahl-lists.com>:

How does Wise help large firm accounting departments in the way you describe? As someone who has all those issues, especially the wire transfer fees, I'm interested in knowing how you avoid them.


Scott Nielson

801-660-4400

________________________________
From: Patentpractice <patentpractice-bounces at oppedahl-lists.com> on behalf of Orvis via Patentpractice <patentpractice at oppedahl-lists.com>
Sent: Tuesday, November 21, 2023 4:52 PM
To: For patent practitioners. This is not for laypersons to seek legal advice. <patentpractice at oppedahl-lists.com>
Cc: Orvis <orvispc at gmail.com>; Dineen Wasylik <dineen at wasylik.net>; For trademark practitioners. This is not for laypersons to seek legal advice. <e-trademarks at oppedahl-lists.com>
Subject: Re: [Patentpractice] [E-trademarks] Good, Inexpensire service for bank wire payments

Wise is also great for those at large firms who's accounting department says they cannot figure out how to deliver a dollar certain to a recipient and then tells you that you need to figure out conversions and wire transfer fees along the way.

Nov 21, 2023 6:09:23 PM Richard Schafer via Patentpractice <patentpractice at oppedahl-lists.com>:

Wise has been a godsend for my solo practice. Highly recommended.

Best regards,
Richard A. Schafer | Schafer IP Law
P.O. Box 230081 | Houston, TX 77223
M: 832.283.6564 | richard at schafer-ip.com<mailto:richard at schafer-ip.com>

From: E-trademarks <e-trademarks-bounces at oppedahl-lists.com> On Behalf Of Dineen Wasylik via E-trademarks
Sent: Tuesday, November 21, 2023 11:14 AM
To: For trademark practitioners. This is not for laypersons to seek legal advice. <e-trademarks at oppedahl-lists.com>
Cc: Dineen Wasylik <dineen at wasylik.net>; patentpractice at oppedahl-lists.com
Subject: Re: [E-trademarks] Good, Inexpensire service for bank wire payments

I agree with Carlk, though I think they now call it just "wise" but wise.com<http://wise.com/> is what I have based on recommendations from other practitioners.  It is easy and much less expensive than bank-based wires.  It handles currency conversion much better than my bank folks did, too.

Best,

Dineen

On Tue, Nov 21, 2023 at 5:58 AM Carl Oppedahl via E-trademarks <e-trademarks at oppedahl-lists.com<mailto:e-trademarks at oppedahl-lists.com>> wrote:

See
https://blog.oppedahl.com/eventually-every-patent-and-trademark-firm-will-have-a-transferwise-account/

On 11/20/2023 10:53 PM, voyer--- via E-trademarks wrote:
> A year or maybe more ago, there was elist discussion of a good, inexpensive service for bank wire services.
> At least internationally, perhaps also domestic.  My saved copy is now hiding from me.
> Would appreciate contact info for that service, and it is stlil a good recommendation. Thanks,
>
> Daniel Kegan *  847-452-2599
> Baron Harris Healey, Of Counsel
> <DKegan at BHHLawFirm.com<mailto:DKegan at BHHLawFirm.com>>
> <http://www.BHHLawFirm.com<http://www.bhhlawfirm.com/>>
> Balanced Counsel for Smart Clients®
> 29 Kendal Dr
> Kennett Square PA 19348-2323 USA
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