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Old 29.10.2011, 10:01
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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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  #2  
Old 29.10.2011, 10:15
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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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Old 29.10.2011, 10:19
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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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Old 29.10.2011, 10:38
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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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Old 29.10.2011, 10:48
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Re: Cost effective way for small amount transfers

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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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Old 29.10.2011, 11:48
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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.

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I know I can send cash in a mail but
Strongly discouraged.
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  #7  
Old 29.10.2011, 12:03
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Re: Cost effective way for small amount transfers

You can sepa with UBS too. It costs pennies
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Old 29.10.2011, 13:00
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Re: Cost effective way for small amount transfers

Western Union?
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Old 29.10.2011, 13:04
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Re: Cost effective way for small amount transfers

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Western Union?
If one is going down that route, then why not Hawala ?

http://en.wikipedia.org/wiki/Hawala
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Old 29.10.2011, 13:07
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Re: Cost effective way for small amount transfers

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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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