Comments on: Sending Money Internationally in the 21st Century http://feli.pe/2008/05/18/sending-money-internationally-in-the-21st-century/ Game-centric techno-babble Fri, 13 Nov 2009 18:49:15 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Jaimz http://feli.pe/2008/05/18/sending-money-internationally-in-the-21st-century/comment-page-1/#comment-4 Jaimz Mon, 19 May 2008 14:15:19 +0000 http://morouxshi.com/?p=9#comment-4 banks typically use the conversion rate of the day. So the bank would have been XE.com exchange rate: (May 14, 2008): 1 USD = 0.646418 EUR the bank would have been about €796 still lower than paypal. Alot of the reason it's not easy is because of government regulations. Mostly the regulations of the foreign country. Also the reason you pay for exchange is because they have to pay a company to give them daily (maybe even more often) updates on the exchange rates, and of course, the customer has to pay for that. and your math is wrong for western union, he would have received €774.63 banks typically use the conversion rate of the day. So the bank would have been

XE.com exchange rate: (May 14, 2008): 1 USD = 0.646418 EUR

the bank would have been about €796 still lower than paypal.

Alot of the reason it’s not easy is because of government regulations. Mostly the regulations of the foreign country.

Also the reason you pay for exchange is because they have to pay a company to give them daily (maybe even more often) updates on the exchange rates, and of course, the customer has to pay for that.

and your math is wrong for western union, he would have received €774.63

]]> By: Jeremy http://feli.pe/2008/05/18/sending-money-internationally-in-the-21st-century/comment-page-1/#comment-3 Jeremy Mon, 19 May 2008 06:18:09 +0000 http://morouxshi.com/?p=9#comment-3 I think that may be the first time I've read the words "Paypal" and "not a complete rip-off" in the same article. Interesting read though. Thankfully, my family prefer to stay domestic. I think that may be the first time I’ve read the words “Paypal” and “not a complete rip-off” in the same article. Interesting read though. Thankfully, my family prefer to stay domestic.

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