Hot answers tagged

54

Use an intermediary. Rather than your client meeting with that forum person, he could meet with an intermediary that will then provide that payment to the forum persona he is contracting. This intermediary could be a friend of yours, yourself posing as a friend, a lawyer, etc.


35

I am not familiar with Russia's postal service, but might you go low-tech and simply have the client physically mail you currency? Again, ignorance of Russian services available, but in the US you can rent a postal box for a relatively low sum and have mail delivered to that address without giving up any of your person details to the client, other than the ...


35

Use an escrow service An escrow service is a third party that holds the payment from the buyer while the transaction is in progress. Once the buyer and seller agree that the obligations have been fulfilled, the escrow service releases the funds to the seller. There are online escrow services that specialize in handling online transactions. I have not used ...


29

There are several things that go into your credit history. I believe this applies to most credit systems, but I should warn you that most of my information is US-centric. There may be variations in other countries. Some factors: on time payment of a recurring expense - things you pay for after you receive them, rent, utilities, or a cell phone contract may ...


20

Depending on the amount, he could use money orders (for example Western Union), Amazon gift cards (or similar) and DM/email you the codes, or mail you prepaid Visa/Amex credit cards.


19

Would it be a good decision for someone ... to build up his credit history to apply for credit cards with "worse" terms than average, such as larger interest, shorter or no grace period, etc.? It depends on what terms you can get. In your position I would consider these terms a high priority: No annual fee. A normal length grace period, or at least one ...


17

You could of course request payment in EUR or USD, maybe keep a PayPal account and just leave the funds in PayPal unless you need to withdraw the money in local currency? Either currency would be fine because the problem you are trying to overcome is the instability in the ruble. EUR and USD both accomplish that. If you can get local clients to pay in EUR ...


11

If refillable payment cards are commonly used in your region, you could purchase a card and send him whatever information he would need to refill it, usually a QR code or a number. In some countries these can be refilled at convenience stores. You would then use it like a credit card, or transfer the balance to another account. Before doing this, be sure you ...


10

I'm the contrarian on the site. I believe that credit cards are the spawn of the devil and should be avoided at all costs. I have lived with and without them, and can confidently say life is much more relaxed without them. Instead of getting a credit card, build up your cash reserves. If you want to get rich, do rich people stuff. Rich people don't borrow ...


7

I have heard that I can give 10k as a gift in cash for my aunt to take on the plane. Please don't, for her own safety. Don't know when was the last you've been to Russia, but that's not a place to walk around with $10K in cash in your pocket. For the rest, the 20k, I am not sure what is the best course of action. Would something like Western Union, ...


6

Asset diversification If you have significant assets, such as a large deposit, then diversification of risks such as currency risk is good practice - there are many good options, but keeping 100% of it in roubles is definitely not a good idea, nor is keeping 100% of it in a single foreign currency. Of course, it would be much more beneficial to have done ...


5

My suggestion, if available in your country (I'm in the USA), is to start with something called a Secured Credit Card. This is more or less guaranteed for someone without any credit history and usually has favorable terms. The catch is the secured part - it requires up front escrow of the full credit limit. For example, for a credit limit of $1000 on the ...


5

Merchants might need to see the code as a condition of sale. It provides proof to the card issuer (i.e. your bank) that the card is present. At least in the US, occasionaly the signature pad at a store says "please hand card to cashier." The cashier looks at the back and needs to type in the CVC2 code to verify the transaction. If it were blacked out, ...


4

Short answer: Yes. If you haven't yet established a good credit history, you're not going to get the best possible terms on a credit card. Suck it up and get a card with mediocre terms. When I was young, this meant a very small credit limit and a higher interest rate. Then keep your spending within the credit limit, and pay it off every month so the ...


4

The Russian ETFs may be broad, but a quick glance at ERUS and RBL's sector breakdown shows they're 45% and 47% energy sector, and their top holding is Gazprom comprising 9% and 14% of each ETF respectively, with plenty more oil and gas companies in their top 10 too. A harder question would be how to invest in Russia and avoid oil I think (and even then, the ...


4

Route the money through a trusted third party. Just ask the client to transfer the money to an account owned by a close friend or relative of yours (anyone you can trust not to run away with the money). That should be untraceable enough for the general public, unless you're such a VIP that all your friends and family members are also publicly known. It won'...


4

An intermediary PayPal account might work. To withdraw money from PayPal you need to link the PayPal account to your bank account, but it should be possible in theory to create an additional PayPal account, give that account to your customer, then you transfer between PayPal accounts and withdraw from "your" PayPal account. Important disclaimer: PayPal was ...


3

No, there isn't a cheaper way to convert Rubles to Euro. Currently, Russia bank deposit rates is reduced to 4.3%, but it is still few hundred percent way higher than European bank 0.01% ~0.1% interest rate. To prevent Euro depositor to put term deposit into Russia and withdraw it afterwards, Russia has imposed a hefty conversion rates e.g. 5%++. If both ...


3

Several options are available. Bank card She may ask the US bank to issue a debit card (VISA most probably) to her account, and mail this card to Russia. I think this can be done without much problems, though sending anything by mail may be unreliable. After this she just withdraws the money from local ATM. Some withdrawal fee may apply, which may be rather ...


3

All the EMV contactless payment cards (paypass, expresspay, paywave etc) will sometimes 'request to go online' when making a transaction, which translates into asking for a PIN. The info you received with the card should have included something about this. For example, the Mastercard information about PayPass includes the note "Contactless" payments are ...


3

Something else to consider. A waiter could just as easily swipe your card on their own device(many exist for smart phones) and charge your card or steal data this way. The act of giving your card to someone else makes you at risk even with this number covered. If you want to be protected completely i would carry cash.


3

Avoid exchanging in airports, hotels and other typical tourist locations as you get much worse rates (this is true not only in Russia). Only banks can run currency exchange operations in Russia. Find any regular bank outlet and exchange there. Euros are as common as USD, thus there won't be any problems. Be prepared that no one will speak English or any ...


3

You could do nothing for a while longer. Foreign exchange simply means your services are cheaper and imports and more expensive, local transactions are otherwise unaffected. Your main worry is whether the government's attempts to revert these issues will create inflation within Russia. Local clients will likely not care to pay you in Euros, Dollars, or ...


3

If you both are in the same city, you can meet him in a public place and be paid in cash there. This helps him trust that some of what you are saying is true, and you never need to reveal your name. You could even "sign a contract" with your forum name, if that means anything. He'll need to agree to "no pictures" and follow through on that, other wise you ...


2

The ruble was, is and will be very unstable because of unstable political situation in Russia and the economy strongly dependent of the export of raw resources. What you can do? I assume, you want to minimize risk. The best way to achieve that is to make your savings in some stable currency. Euro and Swiss Franc are currently very stable currencies, so ...


2

Generally, it would be an accountant. Specifically in the case of very "private" (or unorganized, which is even worse) person - forensic accountant. Since there's no will - it will probably require a lawyer as well to gain access to all the accounts the accountant discovers. I would start with a good estate attorney, who in turn will hire a forensic ...


2

Perhaps the client can go to a branch of your bank and deposit cash using your account number without needing your name. I don't know about Russia, but in general banks are happy to take a deposit from anyone to any account. You'd want to check and make sure this doesn't result in the client getting, e.g., a receipt showing your name.


2

I had my parents co-sign to get my first credit card. I had the same insufficient credit history status at your age. Until I had my first car loan, and paid it off I wasn't taken seriously by creditors. After that and a few years of work history, I had mailboxes full of credit card offers.


2

Can you add an "authorized user" to your credit card? This may vary by country and card issuer, but in my experience you can direct your credit card company to issue a card to any name you want. By default with my bank I am still responsible for all charges that user makes, and they don't really care who the person I add is and since I'm still responsible ...


2

Other answers involving intermediaries are implying that the OP should trust the intermediary. This, however, is not strictly necessary. The intermediary could receive hard currency from the buyer (how, is up to them), and then pay you in BTC. This way, you would stay fully pseudonymous.


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