Hacker News new | ask | show | jobs
by jonny_eh 1379 days ago
Compared to what?
3 comments

Western Union.

https://www.westernunion.com/us/en/send-money/app/price-esti...

I just tried it myself and it says they will charge $60 to send $1000 to the US.

Also, they add this disclaimer:

2 In addition to the transfer fee, Western Union also makes money from currency exchange. When choosing a money transmitter, carefully compare both transfer fees and exchange rates. Fees, foreign exchange rates and taxes may vary by brand, channel, and location based on a number of factors. Fees and rates subject to change without notice.

Xoom (Paypal) says $8 to send $200 so 4%. Percentage goes down as the transaction increases in size. At $1,000 it's $16.

The bigger problem is KYC laws. Kind of hard to satisfy them as an illegal immigrant. Suspect that they're getting screwed by the additional middle man willing to break the KYC laws.

I was going to calculate it on WU but their webserver banned me for some reason [1]. So there goes the centralized experience lol.

[1] Access Denied You don't have permission to access "http://www.westernunion.com/us/en/send-money/app/price-estim..." on this server.