how to transfer money from usa to india without paypal?

Discussion in 'Business & Tax Advice' started by nayannp, Feb 15, 2018.

  1. whiteBLUNTZ

    whiteBLUNTZ Registered Member

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    The best way is to use crypto. You can buy some Ethereum or Litecoin and move this money in about 10 mins and pay under $1 in fees. Now how you convert that back to fiat currency is another story but it is the best way.
     
  2. Sherb

    Sherb Jr. Executive VIP Jr. VIP

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    The issue with this is ensuring the receiver is aware that the total received is not going to be $99 even if there was $1 in fees. There would be another fee to convert to fiat/withdraw, and then if for some reason the receiver waits 24+ hours to do so, there's no telling if the $100 will be $110, or if the $100 will be $70.
     
  3. FingerbangB

    FingerbangB Newbie

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    You can try everex mate
     
  4. thor0

    thor0 Regular Member

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    More or less. $5 tops
    $1 for withdrawal fees. Around $3 for payza transaction fee. You may lose a $1 in currency valuation.
     
  5. jaysamuel

    jaysamuel BANNED BANNED Jr. VIP

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    Western Union
     
  6. nayannp

    nayannp Jr. VIP Jr. VIP

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    transferwise will take how much time and fees all ?
     
  7. HoNeYBiRD

    HoNeYBiRD Jr. VIP Jr. VIP

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    If you go to the link what i posted previously, it shows a fee of $2.70 for sending $100 from USA to India, obviously a currency conversion will take place, which uses the Reuters mid-market exchange rate. You need to have a bank account and the sender needs to send it from his/her bank account to avoid further fees. ETA is 2-3 business days in this relation. (I said 1 business day before, because inside EU it's faster.)

    Calculating with the present rates, 100 USD would mean 6,211.63 INR to you, fees already deducted.
     
  8. soccerlover

    soccerlover Moderator-In-Training Jr. VIP

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    Try Western Union, it will help you!
     
  9. godknowseverything

    godknowseverything Regular Member

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  10. CohleRust

    CohleRust Regular Member

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    Try western union
     
  11. HoNeYBiRD

    HoNeYBiRD Jr. VIP Jr. VIP

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    Seems interesting. What exchange rate do they use? Sending money for free doesn't worth it for anyone, so i'm guessing they capitalize on the exchange rate. Anyhow, it's not available in India, it's only for tier 1 countries.
     
  12. godknowseverything

    godknowseverything Regular Member

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    US clients can send you the the payment through xe.com. Conversion rate is carried through your IN bank, It's a lot better than PayPal.
     
  13. nayannp

    nayannp Jr. VIP Jr. VIP

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    i have a bank account in BOI and its a simple account and i dont use online banking i was thinking how about western union but there is no branch here so where will i give the code you need to give to the wester union when doing the transfers.Or can i show it to my BOI branch?
     
  14. nayannp

    nayannp Jr. VIP Jr. VIP

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    And about the website transferwise do i need to show any code or something to them and where will i show it cause i dont have a branch or office of it here.or it will directly be transfered to my bank account?
     
  15. MasterFalcon

    MasterFalcon BANNED BANNED

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    Try crypto or payoneer.
     
  16. Celestine11

    Celestine11 Newbie

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    Try bitcoin.