Wire Transfer Disclosure: Fill & Download for Free

It all depends. Typically for a wire transfer from one currency into another, the recipient country/bank would determine the exchange rate. This rate (with a bit of a safety attached to it), would then be quoted to you by the sending bank.This is usually the case. In some instances, the exchange rate is simply not quoted to you, because the transfer was a US Dollar to US Dollar transfer, but the settlement was one where the conversion occurs, and in this case, the bank will then assign the exchange rate.From US, any transfers done overseas, the Dodd-Frank Act (Section 1073) applies, which basically states that full-disclosure must be made prior to the transfer for remittances, including end (net) charges and exchange rate. There is debate if this applies to commercial transfers or large remittance transfers.A Wire Transfer in itself does not have any exchange rate component into it. A wire transfer itself is a single currency movement. It is either before or after the wire transfer has been done that the exchange and conversion happens.

Offshore banking lawyer here. I’ve practised as a banking lawyer in BVI, Cayman, Hong Kong and Singapore, so I suppose I am as qualified to answer this as anybody.Firstly, if you are planning to “hide” your money, then using offshore bank account is a terrible idea. It is not the 1970s anymore. Pretty much every major offshore banking centre is party to a number of multilateral arrangements which in most cases permit, and in many cases require, disclosure of the contents of offshore bank accounts to the home jurisdiction of the account holder. There are too many such regimes for me to list them all, but for US citizens the most relevant one is FATCA. For the rest of the world, the most important regime is usually CRS, but in each case (including the US) there is usually a backstop of bilateral tax information exchange treaties (for example, in the BVI see the Mutual Legal Assistance (United States of America) Act, 1990).TLDR: If you deposit money in an offshore account, your home taxing authority is notified.Secondly, how do you deposit into an offshore account? Same was as for any other bank account. Most deposits are made by electronic wire transfer. A smaller amount is deposited by way of physical cheques, banker’s drafts and similar negotiable instruments. Only a very tiny amount represent cash deposits. There are a couple of reasons for this. (a) Who uses cash anymore? (b) all cash deposits over a relatively small amount are automatically reported to the authorities as ‘suspicious’ in terms of money laundering; and (c) for non-resident customers, it is impractical to carry large sums of cash across national borders (and all large cash movements are required to be disclosed to customs - failure to disclose can result in forfeiture).TLDR: Usually by wire transfer.

From your enterprise customers, expect a lot of boomerangs:Some of them would like to pay by check, some of them would prefer to pay by card, while others would ask for a wire transfer. And your billing system must be flexible to accommodate such requests.If you have a finance guy in-house who can take handle such one-off requirements, you can very well do it on top of Stripe.But, you also have an easier option of working with an billing software like Chargebee, that's not as expensive as a solution like Zuora. Chargebee works on top of Stripe, with a Stripe-like API, and enables you to pull-off all the enterprise billing use-cases.Here's more on how Chargebee lets you do more with Stripe.Hope this helps. Do let me know if you have any questions. :)Disclosure: I am a Cofounder of Chargebee.