How to Receive International Payments in Norway

Working remotely, with all its potentially attending stress is enough trouble to deal with, and adding the headache of having to monitor delayed payments sent from some international location to Norway, is likely to make such transactions lose taste altogether.

Choosing the best transfer service will not only save you a whole lot of hassle but is also likely to cut costs. However, there are several competent online transfer services that you could choose. Choice in itself, could, however, pose another scale of difficulty. The various available services come with different features, some with hidden changes, others with exchange rates that vary with transfer volume, and other such factors. So, we have taken the trouble of highlighting the essential attributes to look out for, to avoid having your money get stuck for several days, or getting a surprise from service deductions made on your money.


  • Peruse a couple of reviews


Perhaps it never crossed your mind to check with local review sites for recommendations on the best online transfer services for Norway. Local review sites will help you throw light on the pros and cons of using a particular service in Norway. However, since the service concerned involves money, which you do not want to lose, it would be better to stick with reputable review sites like Norskeanmeldelser.


  • Check for cross-compatibility


Whichever transfer service you decide to use has to be such that is supported in the country of the entity making the transfer and in also in Norway. In effect, the service should be able to convert the sender’s currency to Norwegian Krone, without the usual exchange rates charged by conventional banks and bureaus.


  • Evaluate the service charges


After earmarking a list of reputable and safe transfer services that would work well for your transaction, narrowing down to the best that suits your need is the next step. When we talk about your needs, we mean saving costs. Check for the amount that the different services on your list would charge for receiving money from the country which you are expecting funds.

It would not hurt either to check for charges of sending money out of Norway to choose international destinations, and this information would likely be of help when you have to make transfers to those locations in the future. Transfer services are known to adjust their charges based on the volume of currency being wired. With foreknowledge of the amount that you are expecting, picking the service to get the money into your local account with minimal charges becomes easy. Companies like TransferWise charge service rates of as low as 0.35 percent of the transfer amount.


  • Do some findings of the service’s convenience and accountability


You cannot be too careful when it comes to virtual transactions, with the ubiquity of hackers that nose around e-commerce service providers, in a bid to harvest from the vulnerable organizations. It would be best to understand the security level of the service you are patronizing. And if something happens to go wrong during the transaction, you want to have a service with real-time customer service on your hands.