How to send funds to Europe

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

  1. bubbastew

    bubbastew strip miner

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    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.
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  2. usgser

    usgser Long timer

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    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.
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  3. Johann

    Johann commuterus tankslapperus

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    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.
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  4. der_saeufer

    der_saeufer ?איפה בירה

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    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.
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  5. cug

    cug --

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    Where in Europe? If in Germany, email me, I can help.
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