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What is protocol for receiving large payments from direct advertisers?

     
3:46 am on Feb 13, 2013 (gmt 0)

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Let's say you sell some mega supreme adspace on your website to some corporation, and they agree to pay you $30,000

- For an exchange of this nature, would a common method of payment be a wire transfer? What other methods are common?

- If a wire transfer is suitable, what information do you need to provide the corporation so that they can send the wire transfer?

- I reckon they would need at least a bank account number and a routing number... is it safe to disclose those numbers in an email?
11:45 am on Feb 13, 2013 (gmt 0)

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If walmart was going to pay me $30K, I'm sure a check would be just fine. If it is just ad space, it's not like some tangible antique car.

If you were going to receive a wire transfer, I would have 2 accounts.

1 that accepts wire transfers. This one I would give the account number and routing number to. The second would be my main business account that I do an internal transfer of funds.

I have never received a wire transfer, but that is how I would do it.
12:55 pm on Feb 13, 2013 (gmt 0)

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The guy with 30K is the one who will call the shots. Their accounts department will make the payment according to their standard procedures and on their standard credit terms.

In the UK electronic transfer between bank accounts is standard. Most of my advertisers (print magazine) pay in this way.
6:29 pm on Feb 13, 2013 (gmt 0)

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Like, the UK, we do ETF. Checks are so 20th century.

I hear the UK is getting rid of checks in 2016, hopefully Canada is not far behind. However the American's have a love for the archaic.
8:40 pm on Feb 13, 2013 (gmt 0)

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I hear the UK is getting rid of checks in 2016,

Last thing that I heard that was shelved. Too many charities and other not for profit orgs require two signature authorisation and can't use EFT.