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Money transfers

Started by Harold Torres4 · · 👁 3 views · 4 replies

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Participants Harold Torres4Kimberly NguyenRonald Allen
Harold Torres4 Harold Torres4 NewcomerOP
2 messages
joined Oct 2010
#1 ·
Honestly, navigating the logistics of money transfers can be a real headache here...
I’ve been thinking quite a bit about what the most effective way to handle payments might be for my future clients.
The ideal solution really needs to hit three specific marks:
It must be cost-effective, lightning-fast, and—perhaps most importantly—accessible to just about everyone.
Of course, I plan on accepting PayPal and major credit cards, but even those aren't necessarily within reach for every single person out there.
So, I'm curious to hear your thoughts on the best methods for both domestic transfers and international transactions...

Thanks in advance for any insight you can share!
Kimberly Nguyen Kimberly Nguyen Regular
543 messages
joined Jul 2009
#2 ·
Sending money abroad
Harold Torres4 Harold Torres4 NewcomerOP
2 messages
joined Oct 2010
#3 ·
True, though I did skim those first two pages, and honestly, the rest of it felt like a complete tangent. Besides, what they’re talking about isn't even particularly budget-friendly or accessible to everyone—I mean, let's be realistic, not everyone has a massive cushion sitting in their checking account at all times...
anyway, my main point is that I just can't wrap my head around how certain companies, like PayPal or Moneybookers, can facilitate transfers for basically nothing, yet my bank hits me with a massive $67 fee for a simple transaction...
Ronald Allen Ronald Allen Active Member
160 messages
joined Oct 2010
#4 ·
Harold Torres4 said:True, though I did skim those first two pages, and honestly, the rest of it felt like a complete tangent. Besides, what they’re talking about isn't even particularly budget-friendly or accessible to everyone—I mean, let's be realistic, not everyone has a massive cushion sitting in their checking account at all times...
anyway, my main point is that I just can't wrap my head around how certain companies, like PayPal or Moneybookers, can facilitate transfers for basically nothing, yet my bank hits me with a massive $67 fee for a simple transaction...

For Moneybookers, you'll be paying $10 in ESB. As for PayPal, if you want to use them, you need to have one of those cards, right? So why not just open a foreign currency account? There's usually no monthly fee for those anyway. You get a card you can register via NET to pay for stuff, shop, or receive funds directly onto your VISA Electron debit card from that account. If I'm following you correctly, that pretty much solves your "problems."

PayPal
Kimberly Nguyen Kimberly Nguyen Regular
543 messages
joined Jul 2009
#5 ·
Harold Torres4 said:True, though I did skim those first two pages, and honestly, the rest of it felt like a complete tangent. Besides, what they’re talking about isn't even particularly budget-friendly or accessible to everyone—I mean, let's be realistic, not everyone has a massive cushion sitting in their checking account at all times...
anyway, my main point is that I just can't wrap my head around how certain companies, like PayPal or Moneybookers, can facilitate transfers for basically nothing, yet my bank hits me with a massive $67 fee for a simple transaction...

Maybe try actually reading the thread properly before jumping in🙂

For PayPal, there's an excellent dedicated thread (check the link in the previous post), and as for Skrill and Intel

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