As a webmaster I often receive money from foreign ad companies like google adsense. I prefer to receive my money in the form of checks that I deposit in a foreign currency account.

A foreign currency account allows me to keep my money in US dollars, Euros or some other foreign country’s currency. Almost all banks in Pakistan support Foreign Currency or FC accounts. In this post I take a look at the advantages and disadvantage of opening a foreign currency account from the point of view of an Internet entrepreneur.

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SWIFT Wire transfer, or T/T as its commonly called in Pakistan, is one of the safest ways to receive payment from foreign sources. SWIFT is a secure messaging standard that banks around the world use to send instructions to each other to make payments on their behalf. This is the basis of international wire transfer. Budding Internet entrepreneurs and freelancers may want to know how to receive money via this method so I have written this guide for them.

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