Receiving international payments into a US LLC

Many US LLCs, especially those run from abroad, have clients all over the world. How you get paid affects what you keep: wire fees, intermediary deductions and currency conversion can take a noticeable share. This guide compares the main routes and the compliance points.

By Muhammad Bilal, Chartered Accountant. Reviewed by Mirza Fahad Baig, Chartered Accountant. Checked against official sources on . 3 minute read.

Short answer

A US LLC can receive international payments by SWIFT wire into its US account, through local receiving accounts in other currencies, or by card and wallet payments through processors such as Stripe or PayPal. Compare fees and exchange rates, and check customers against sanctions lists. A US LLC whose foreign accounts total over $10,000 may need to file an FBAR.

At a glance

SWIFT wire
Into the US account; intermediary fees possible
Local receiving accounts
Clients pay locally in their currency
Card and wallet processors
Stripe, PayPal and similar
Main costs
Wire fees and currency conversion margins
Sanctions
Check customers against OFAC lists
FBAR
If the LLC's foreign accounts total over $10,000
Receiving international payments into a US LLCSteps: 1. Get complete receiving details; 2. Decide on currencies; 3. Screen new customers; 4. Send clear invoices; 5. Record each payment correctly.THE PROCESS AT A GLANCEReceiving international payments into a US LLC1Get completereceiving detailsAccount name exactly asthe LLC's legal name,account number, routingor SWIFT code, and thebank's address2Decide oncurrenciesWhich you will invoicein and where each willbe received3Screen newcustomersAgainst OFAC sanctionslists, especially inhigher-risk countries4Send clearinvoicesWith the LLC's name,the payment details andthe purpose of thepayment5Record eachpayment correctlyThe gross amount, thefees, and the dollarvalue on the datereceivedChecked against official sourcesTax BakersReceiving international payments into a US LLCSteps: 1. Get complete receiving details; 2. Decide on currencies; 3. Screen new customers; 4. Send clear invoices; 5. Record each payment correctly.THE PROCESS AT A GLANCEReceiving international paymentsinto a US LLC1Get complete receiving detailsAccount name exactly as the LLC's legalname, account number, routing or SWIFT code,and the bank's address2Decide on currenciesWhich you will invoice in and where eachwill be received3Screen new customersAgainst OFAC sanctions lists, especially inhigher-risk countries4Send clear invoicesWith the LLC's name, the payment details andthe purpose of the payment5Record each payment correctlyThe gross amount, the fees, and the dollarvalue on the date receivedChecked against official sourcesTax Bakers
The process at a glance: 1. Get complete receiving details; 2. Decide on currencies; 3. Screen new customers; 4. Send clear invoices; 5. Record each payment correctly.

What are the main ways to get paid?

RouteHow it worksWatch for
SWIFT wire to the US accountThe client's bank sends a wire to your bank's SWIFT codeSending, intermediary and receiving fees; the client's bank may convert at a poor rate
Local receiving accountA provider gives the LLC account details in, for example, euros or pounds; the client pays as a local transferConversion margins when moving to dollars; check whether the provider is a bank
Card or wallet paymentThe client pays by card through Stripe, PayPal or similarProcessing and cross-border fees; payout timing
US ACH or wire from a US-based clientDomestic transferLowest cost

Which currency should you invoice in?

Invoicing in US dollars moves the currency risk to the client but may put some off. Invoicing in their currency can win business, but you bear the exchange rate and conversion cost. Either way, state on the invoice who pays bank charges, so that intermediary deductions do not leave you short.

For regular clients, agree the currency, the payment route and who bears fees in the contract, so each invoice is paid the same way.

How do you set it up?

  1. Get complete receiving details

    Account name exactly as the LLC's legal name, account number, routing or SWIFT code, and the bank's address.

  2. Decide on currencies

    Which you will invoice in and where each will be received.

  3. Screen new customers

    Against OFAC sanctions lists, especially in higher-risk countries.

  4. Send clear invoices

    With the LLC's name, the payment details and the purpose of the payment.

  5. Record each payment correctly

    The gross amount, the fees, and the dollar value on the date received.

What compliance points apply?

  • Sanctions. US companies generally cannot deal with people or entities on OFAC's sanctions lists. See paying foreign contractors.
  • Bank questions. Banks may ask about the source and purpose of incoming international payments. Answer promptly with invoices and contracts. See why banks freeze LLC accounts.
  • FBAR. A US LLC is a US person for FBAR purposes, even if disregarded for income tax. If its financial accounts outside the US total more than $10,000 at any time in the year, it files FinCEN Form 114, due April 15 with an automatic extension to October 15.

How the FBAR compares with Form 8938 is covered in FBAR vs Form 8938.

How should international receipts be recorded?

Record each receipt at its US dollar value on the date received, with any bank or conversion fees as a separate expense, so income is not understated. If you hold balances in other currencies, record them in their own accounts and convert at the rate on each transaction date. Differences between the rate when you invoiced and the rate when you were paid are foreign exchange gains or losses. See bookkeeping basics.

See multi-currency bookkeeping for the entries.

Does where the money comes from change the tax?

Not by itself. For a foreign-owned LLC, US tax depends on whether the income is effectively connected with a US business, not on where the customer is. Record all receipts at their dollar value for Form 5472 and your own return. See effectively connected income.

Getting paid from abroad?

We set up how your LLC receives payments, record currency correctly in your books, and handle FBAR filing if it applies.

Questions people ask

How can my US LLC receive payments from abroad?

By SWIFT wire into the US account, through local receiving accounts in other currencies, or by card and wallet processors.

Why did I receive less than the invoice amount?

Sending, intermediary or receiving banks may have deducted fees, or the payment was converted at a poor rate.

Does my US LLC need to file an FBAR?

If its accounts outside the US total more than $10,000 at any time in the year, yes, even if it is disregarded for income tax.

Should I invoice foreign clients in US dollars?

It moves the currency risk to the client. Invoicing in their currency may help sales but leaves you with the conversion cost.

Sources

Every fee, date and rule on this page was taken from these official and primary sources.

  1. FinCEN: Report of Foreign Bank and Financial Accounts (FBAR)
  2. US Department of the Treasury: OFAC sanctions list search
  3. IRS: Instructions for Form 5472 (Rev. December 2024)

Rules and fees change. If you are reading this long after October 1, 2026, confirm the figures with the source before you rely on them.

More in Banking and payments

This guide is general information. It is not tax or legal advice for your situation.