Legal[SOLVED]: Is it possible to transfer money overseas?

Legal[SOLVED]: Is it possible to transfer money overseas?

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  • #1132

    Anonymous

    QuestionQuestion

    Can this be done?

    and if this can be done what would be the most efficient way, ie, the one which has the least hassle and charges you the least?

    #1133

    Anonymous

    Accepted AnswerAnswer

    You have a few options, such as:

    • PayPal: The sender and the receiver, both, much has PayPal accounts (the fee for each transaction is 2.9% plus $0.30 USD of the amount you receive).
    • Western Union Money Transfer (According to Western Union’s website, Western Union charges a $5 fee for a standard EFT/ACH delivery and a $22 fee for expedited wire transfer delivery, as of September 2014. There is no fee to send a check to the payment recipient.)
    • You can visit your bank and check the procedure to transfer money to a particular country. It’s a time consuming process though. The paper work not so much but usually takes about 7-10 working days (depending on the country)

    Personally, I prefer PayPal due to it’s least hassle way of working.

    Source: http://startups.stackexchange.com/questions/11301/is-it-possible-to-transfer-money-overseas
    Author: Chiragh Dewan
    Creative Commons License
    This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.

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