A question for anyone who receives payments from overseas companies. I work as a freelance IT instructor and run classes overseas and online and I receive payments from overseas companies in foreign currencies (EUR, USD, GBP, NOK). My local bank (Hapoalim) charges me for receiving payments from overseas and then again for the currency conversion.
Does anyone know of a third-party company that provides a service where they could receive these payments and then perform the currency conversion and pay me from a local Israeli account so that I can avoid my bank's excessive charges? I am not trying to evade tax, I just want to avoid bank charges. Is Paypal any good? Are there other options?
Thanks in advance.