BS: Transferring money from the UK to US

Subject: BS: Transferring money from the UK to US
From: Fortunato
Date: 10 May 09 - 08:12 AM

We're seeking an affordable method for those in the UK or countries other than the US to contribut to a benefit here in the US of one of our own, Severn Savage.

If anyone has experience or ideas please post them here.

thanks,
chance

Subject: RE: BS: Transferring money from the UK to US
From: Lizzie Cornish 1
Date: 10 May 09 - 08:17 AM

Set up a Paypal account. It seems to take around 12 days to reach the other end, but far cheaper than Western Union.

Western Union though is instant, in minutes, but you do pay for that, plus, the more you send via WU, the higher the fee they charge.


Hope the concert goes really well, chance.

Big hug to Severn! ((xx))

Subject: RE: BS: Transferring money from the UK to US
From: VirginiaTam
Date: 10 May 09 - 11:04 AM

Yep

Paypal is the way to go. I send money to my daughter in the US from my UK account that way.

EasyPeasy

Subject: RE: BS: Transferring money from the UK to US
From: Cats
Date: 10 May 09 - 02:35 PM

I use paypal too and it is instant

Subject: RE: BS: Transferring money from the UK to US
From: My guru always said
Date: 10 May 09 - 02:57 PM

I'll have to look into paypal some more, I used to have problems with it but that might have been my PC. Are there any charges?

Subject: RE: BS: Transferring money from the UK to US
From: Lizzie Cornish 1
Date: 10 May 09 - 03:23 PM

I'd double check on the Paypal 'instant' bit if I were you. Maybe they have different schemes available but the one I've used took 12 days to get there...

Subject: RE: BS: Transferring money from the UK to US
From: Richard Bridge
Date: 10 May 09 - 03:57 PM

Paypal is instant if you debit it to a credit card account.

THat is IMHO dangerous because although in the UK if you give a drect debit mandate on a bank account, the "direct debit guarantee" ensures that if you the accountholder cancel the authority before money is taken, it will not be permitted to be taken. If it is taken you can look to your bank here in the UK for compensation.

If you debit your credit card there is no equivalent guarantee and you can tell your credit card issuer until you are blue in the face not to allow the money to go, but they will still honour the mandate if Paypal so requests, and sue you for the money. You have to get your money back from Paypal and its network of US and Liechtenstein corporations. Good luck.

Subject: RE: BS: Transferring money from the UK to US
From: dick greenhaus
Date: 10 May 09 - 04:19 PM

Well, if you don't wish to use PayPal, you can send contributions to Bill Sables with a note about what it's for--I'll handle the US payments from CAMSCO. No charge, of course.

Subject: RE: BS: Transferring money from the UK to US
From: My guru always said
Date: 11 May 09 - 08:56 AM

Thanks Dick, if I get in a mess with Paypal to Chance I'll go via Bill! Cheers,
Hil

Subject: RE: BS: Transferring money from the UK to US
From: Stilly River Sage
Date: 11 May 09 - 01:19 PM

Of course PayPal charges to move money--they take their cut from almost everything you can think of doing that involves money. This is the eBay folks were talking about here--nothing is free with them. But it is less than many other methods, and considering that many U.S. banks won't even fool with foreign currency or checks without (in some instances) keeping the entire amount as a transaction fee, you don't have many options. You have to be moving large sums before the bother of having a bank participate is worth considering.

SRS