Paypal or wire transfer or western union

Hey guys,

I want to transfer money from UK to India, which one would be cheaper for me as well as for the receiver.

As i want to transfer money next week, therefore seeking your advice at the earliest.

 

depends on the amount of money you are sending

 

If you use western union ,it will take only time of reaching the kiosk premises.when you deposit money ,they will give you a code .Your relative should go to kiosk and produce code along with an identity proof to get the money .

For Pay Pal
Now if your relative have a verified ,bank account attached pay pal ,it will take at lest 2 days for money transfer in bank account.
I

 

depends on amnt .
it hink there is a limit of 50k per day for recieving in india.

so c the amnt u have to transfer.

 

Better use Wire Transfer as its safe as well as fastest way to transfer money.
PayPal is not good for these kinda transfers.

- Mr.President -

 

Yes, I have to agree with this one too. Wire Transfer is safer and faster.

 

Definitely wire transfer due to more secure payment transfer.

 

what kind? the money kind or the to India kind?

the OP has not said how much or even if he knows the person.

wire is the opposite of safe if you don't know the person.wire is the same as cash.

a lot of places wire costs a lot.it doesn't make sense to wire a small amount.i don't know about the UK,but in the US it costs as much as $45 USD for an international transfer.
the receiver also may get a fee from their bank.

also wire is not faster then paypal (except for echeck).wire is not instant.

 

How about wu? WU not good as Wire Transfer?

 

have a look

 

wire transfer or use WS.

 

Use Paypal or Western union.

 

Thanks all for your response. I really appreciate.

Actually i need to send Pounds 1500 to my friend. I know paypal charges 4% of the amount, but has no idea about the wire transfer?

 

I'll prefer to go with Wire transfer as it will be the cheapest thing...

 

My advice ; wire transfer - fast & safe

 

I'd go with Western Union.

 

Western Union only allows for small amounts to be sent via their webpage interface. You need to go to an affiliated store to even find out what the fees are going to be for you. But for that amount of money, I would say that you will probably be better off paying a fixed wire fee at your own bank.

For you, Paypal would charge around £60, plus that your friend will have to do a conversion to withdraw them in India, and thatconversion rate is Paypal's own, guess ifthey make it a little extra low so that they can earn a few more pounds on you/your friend? Correct answer: You betcha it's a bad conversion rate, one of the worst around, take it or leave it!

There are other online services too, Like Moneybookers, Alertpay and so on and so forth. The main point here is that they all charge the same or more than Gaypal, plus have even worse conversion rates.

So given the amount of money, and that a currency conversion will be involved, don't listen to the low-ballers of DP who have sent $100 and then thinks they have have done big international business. This is, after all, just what banks do. Yes, it costs a fee, but it will most certainly be lower plus your friend will with the utmost security get a better conversion rate when he receives the money. All in all, less fees and more money left to spend!

 

I would suggest you to go with wire transfer. Paypal takes your money too big.

 

I would suggest for wire transfer because it is safe and fast.