How to send funds to Europe

Discussion in 'Ask Baldy, Blame Cannonshot' started by bubbastew, Jul 28, 2018.

  1. bubbastew

    bubbastew strip miner Supporter

    Joined:
    Jul 2, 2012
    Oddometer:
    43
    Location:
    east of the pacific
    An inmate has a item for sale and we have agtagr on a price but he doesn't have PayPal an I need to send funds to a bank in Europe. Any good way to do this.
    #1
  2. usgser

    usgser Long timer

    Joined:
    Nov 6, 2005
    Oddometer:
    3,177
    Location:
    Westside WA
    Most US post offices sell International Money Orders. You tell'm how much in Euros/Ruples etc and you on the spot pay the USD equivalent.
    #2
    barnyard likes this.
  3. Johann

    Johann Long timer

    Joined:
    Feb 11, 2006
    Oddometer:
    4,106
    Location:
    Europe
    European bank accounts normally have two components:
    IBAN (International bank account number). First two digits indicate country then remainder is a/c number.
    BIC SWIFT: Code identifying destination bank.
    Best practice is aways to transfer a token amount first to confirm receipt at far end before sending large amounts of funds.
    With that info (actually normally just the IBAN) you can transfer money electronically between most countries in Europe.
    Does your bank offer the same facility for international transfers? If the charge is prohibitive then obviously not worth doing.
    #3
  4. der_saeufer

    der_saeufer ?איפה בירה

    Joined:
    Apr 30, 2011
    Oddometer:
    1,275
    Location:
    Belgium
    In Europe, bank transfers are easy, quick, and free, so PayPal is relegated mostly to being an eBay payment processor.

    I wouldn't use a money order--first, you'd have to send the physical money order, which will take some time. Second, none of the European postal systems have agreements with USPS for money orders, so your seller will have something even more difficult to deposit than a personal check in USD. My bank here would just tell me to get lost if I walked in with a money order.

    To send from the US to Europe, you have to either send a wire transfer for which you'll probably pay $20+ or use a third party like Transferwise. I'd just use Transferwise to send it--their charges are much lower and they give you the mid-market exchange rate as well. They're how I send money from my own American account to my European account.

    Whether you wire it or use Transferwise, you have no buyer protection, so caveat emptor, etc.
    #4
  5. cug

    cug -- Super Supporter

    Joined:
    May 31, 2009
    Oddometer:
    6,680
    Location:
    Sunny California
    Where in Europe? If in Germany, email me, I can help.
    #5
  6. Bodwick

    Bodwick Odd Bod

    Joined:
    Jan 28, 2003
    Oddometer:
    1,790
    Location:
    Cloud Cuckoo Land U.K.
    You don't say how much so it's difficult to know what cost is acceptable. There is always Western Union, just walk into a branch and transfer it. The other route is via your own bank by transfer.

    Or if it's a small amount just put twenty bucks in an envelope.

    And, you could suggest he opens a PayPal account.
    #6