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Old 07-09-2010, 05:58 AM
Jerin Jerin is offline
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Join Date: Feb 2010
Posts: 24
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The eternal question - what is the best way to transfer funds. Neccesarily one must judge both cost and risk.

Primarily isnt a paypal account set up so that an internet trader can receive funds from another, the sender knowing the funds will arrive? Purchasers usually pay into a paypal account with some credit or debit card. You can read all about setting up a paypal account on their web sites, and anyone can do this. So why not go there and see what it says about setting up and transfering funds. But it sounds overly complicated to me.

What kinds of costs are there? The sending and receiving banks declare charges, usually there is a % adjustment to the exchange rate going to the sending bank as a further charge, this latter less visible. How to work out what is cheapest is a minefield. And what is most secure is your judgement.
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