​Is It Possible To Get International Clients To Pay You Back Your Money?

​In this digital age, we are living in a global village where businesses are operating in international markets. When you operate a global business, it means you have to implement structures through which you can get paid by international clients. However, is it possible to recover your money from clients based abroad? Read on to learn how.

​Utilize Invoicing

Whether you operate an online or offline business, international clients will pay you via invoice. Your invoice should be linked to a local currency account. Once you open your account, you will need to add your local currency details, and the service provider will handle all the money transfers to this account.

If your clients are located in a country where the facility to process international invoices is available, it becomes easier to transfer funds between your business and the clients. If you have already made a transfer, but you need a refund, you can contact your client and launch a request through the service provider. However, you should have a working knowledge of how the platform functions.   

Enlist the Services of International Debt Collectors

If you are experiencing a problem recovering money owed by an international customer, you can enlist the services of international debt collectors. Professional debt collectors at Oddcoll Debt Collection explain that international debt collectors liaise with the debt collectors in the country where your debtor is based. You can contact your client through the international debt collectors' platform. They will deal with a local law firm or local debt collection agency to recover your money. Once the invoice is paid, your money is transferred. However, you need to know that this service comes with charges.

Cancel an International Transfer

If you want to recover the money already sent to the client, you can cancel the transaction. If you realize that you sent the money by mistake, or there are errors with the transfer, you can request to have it recalled or canceled. However, this option only works if the recipient has not yet collected the money. Most financial institutions have a rule that money can be recalled within a specific period from the time the transfer was processed. Once the money has been withdrawn, there is no way the bank can reverse the transaction. To avoid this, make sure you provide accurate details to the sender.

​Choose the Right Payment Method

When you do business with international clients, you should choose the ideal payment method. If there is an error, you can request that the client send back your money. However, you need to be polite when you deal with someone based thousands of miles away from you. You can only recover the money quickly if you are dealing with a reliable, trustworthy person. Taking the legal route can be costly, so you need to consider this option if the client owes you a large sum of money. ​

​When you deal with international clients, it is vital to choose reputable financial institutions or money transfer platforms that can handle your transactions. If you pay a client by mistake, or if it seems like they don’t plan on paying you back, it can be tricky to recover the money. You may need to hire an international debt collector to do so.