Sending money frequently abroad
Discussion
I run an online shop and frequently buy products from Romania. they can be as little as £40 to £5000. I know the person so sending it as a gift is no problem.
The problem I am having is the crap exchange rate on paypal and the cross border fees. Is there a way of avoiding these or can anyone else suggest another payment method which is cheaper?
Thanks
The problem I am having is the crap exchange rate on paypal and the cross border fees. Is there a way of avoiding these or can anyone else suggest another payment method which is cheaper?
Thanks
Best way is to set up a current account in the local currency and simply top it up when needed with a proper spot transfer.
However, this is probably implausible with the Leu.
If you use the same regular suppliers then frankly I would speak to them in regards to accepting USD / EUR or even considering Bitcoin. The latter being of obvious great interest to someone in Romania.
However, this is probably implausible with the Leu.
If you use the same regular suppliers then frankly I would speak to them in regards to accepting USD / EUR or even considering Bitcoin. The latter being of obvious great interest to someone in Romania.
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