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Money transfer
 

Hey what methods do people use to send money to suppliers. Thinking something different from WU & MG not a great exchange rate and high fees. Anyone used Azimo? Tried worldremit and they said if you send a high amount we could require invoices of stock etc. Which isn't a problem just a pain. Paypal i won't use... Any suggestions welcome.

Re: Money transfer
 

I use Paypal 95% of the time. I know the fees are high but for me it's worth it for the convenience. We're at the point now where we are placing an order every other day with the average order size being about $4500, and it's just too much of a hassle to be leaving the office all the time to go send money with WU/MG. Plus, with an established account Paypal has no problem at all with us sending thousands of $ per week overseas. WU/MG on the other hand both have hard limits on the amount you're allowed to send annually, and they also like to give you a hard time and return your funds if they suspect you're using their service for business transactions.

Re: Money transfer
 

If your already using WU and MG, you probably trust your suppliers enough. So have you considered Bitcoin?

Re: Money transfer
 

No I have never considered bitcoin. To be honest i wouldn't know where to start. Just used azimo. Very convenient

Re: Money transfer
 

I'd be extremely cautious about even putting that much money into a Bitcoin wallet. That stuff is highly volatile..

EDIT: On a side note, it sucks USD can't be sent with Azimo. I was just looking into them as a WU alternative.. :(

Re: Money transfer
 

find me some azimo for USA

Re: Money transfer
 

I agree BTC is volatile, but your literally just using it as a means of transferring the money, and you recipient is cashing it out, the chances of you getting struck by lightning during those few seconds or minutes are little to none.

With China pretty on board with the whole bitcoin scene, its likely your supplier knows about it.

The simplest way to go about bitcoin is using coinbase.com
You attach your bank card, buy bitcoins, send bitcoins, log out.