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29.10.2011, 10:01
| | Newbie 1st class | | Join Date: Dec 2009 Location: Zurich
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| | | Cost effective way for small amount transfers
Hi guys, hope somebody can help with this.
The story goes.....I purchased something from ebay in Germany and the buyer requested for bank transfer and the amount is around 30 euro. I sent him a payment from my Swiss account here but he was charged 10 euro when he received the money. Obviously, he is not happy. 
I want to avoid such situation in the future, so any idea of a cost effective way to make a bank transfer for small amounts say less than CHF 50?
I know I can send cash in a mail but.....
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29.10.2011, 10:15
|  | Forum Legend | | Join Date: Jan 2009 Location: Geneva
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| | | Re: Cost effective way for small amount transfers
With UBS you can choose who is getting charged
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29.10.2011, 10:19
| | Forum Legend | | Join Date: Feb 2008 Location: Zurich
Posts: 3,480
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| | | Re: Cost effective way for small amount transfers
Get a Euro account and make Euro transfers from there. They were free for us with UBS, CS and Postfinance.
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29.10.2011, 10:38
|  | Forum Veteran | | Join Date: Mar 2008 Location: Versoix
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| | | Re: Cost effective way for small amount transfers
In the case of eBay and similar you can use Paypal.
I even have one in CHF and make payments for small software development, usually in USD or Euro and even though the exchange rate is not the best it works out a lot cheaper than other methods.
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29.10.2011, 10:48
|  | Forum Veteran | | Join Date: Feb 2011 Location: Luzern
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| | | Re: Cost effective way for small amount transfers
| Quote: | |  | | | With UBS you can choose who is getting charged | | | | | Credit Suisse as well. When you do a transfer via e-banking, you can choose whether sender or receiver pays the charges.
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29.10.2011, 11:48
|  | Forum Legend | | Join Date: Jul 2007 Location: Quaint Wädenswil, Zürich, CH
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| | | Re: Cost effective way for small amount transfers
It is free from Postfinance, as MZug mentioned above ( it is called SEPA ). | Quote: |  | | | With Single Euro Payments Area (SEPA), transferring money in EUR has become easier and more transparent. The 27 EU member states, the three EEA states (Norway, Liechtenstein and Iceland), Monaco and Switzerland belong to SEPA.
PostFinance automatically chooses the optimal and least expensive option for you. Wherever possible, PostFinance will forward payments as SEPA payments without any additional costs.
EUR transfers to the SEPA area
PostFinance handle SEPA payments for all customers free of charge
SEPA payments will be credited to the beneficiary's account within a maximum of 3 bank working days as of the debit date and with no deductions. Credit charges may still be charged by the recipient bank.
Conditions for SEPA payments:
Payment in EUR to a SEPA country
Indicate the IBAN (International Bank Account Number) and BIC (Bank Identifier Code)
The beneficiary's bank must be a SEPA participant | | | | | More on PF SEPA here. | Quote: | | | | I know I can send cash in a mail but | | | | | Strongly discouraged.
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29.10.2011, 12:03
| | | | Re: Cost effective way for small amount transfers
You can sepa with UBS too. It costs pennies
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29.10.2011, 13:00
| | Banned | | Join Date: Jul 2011 Location: Vevey
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| | | Re: Cost effective way for small amount transfers
Western Union?
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29.10.2011, 13:04
| | Forum Legend | | Join Date: Jul 2007 Location: Quaint Wädenswil, Zürich, CH
Posts: 8,131
Groaned at 27 Times in 20 Posts
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| | | Re: Cost effective way for small amount transfers
| Quote: | | | | | Western Union? | | | | | If one is going down that route, then why not Hawala ?  http://en.wikipedia.org/wiki/Hawala |
29.10.2011, 13:07
|  | Forum Legend | | Join Date: Oct 2009 Location: Basel
Posts: 14,954
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| | | Re: Cost effective way for small amount transfers
| Quote: | | | | | Hi guys, hope somebody can help with this.
The story goes.....I purchased something from ebay in Germany and the buyer requested for bank transfer and the amount is around 30 euro. I sent him a payment from my Swiss account here but he was charged 10 euro when he received the money. Obviously, he is not happy.
I want to avoid such situation in the future, so any idea of a cost effective way to make a bank transfer for small amounts say less than CHF 50?
I know I can send cash in a mail but..... | | | | | use paypal. that's what most ebayers do.
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