There are a lot of different methods that you can use to transfer money abroad to Russia, and it can be difficult to narrow in on the best one to use. PayPal offers fast, reliable international money transfers that can be easily initiated and completed from your mobile device here is a handy step-by-step guide to help you successfully complete your PayPal money transfer to Russia.
PayPal is super convenient to use. The platform has been around for a while and has been improved considerably since it was created. Users can now transfer money to more than 200 countries around the world, and the interface is clear and easy to use whether you are on the app or have visited their website.
The downsides to this platform however also arise from the fact that it is so well established and popular. Their fees are definitely on the higher side in terms of options because they don’t have to worry about staying competitive. They charge a fee of 4% if you are sending funds from a credit card or debit card, which can add up quickly if you are sending a larger sum. For example, if you send $5,000, then $200 will be taken in fees. If you are sending via a commercial transaction, these fees are even higher.
You may not be aware that PayPal attaches even higher fees for the exchange rate, which come out to approximately 70 rubles per 1 USD, which means they take about 3 rubles per dollar on top of the 4%.
As always, it is important to weigh the positives against the negatives. PayPal offers a reliable, well-vetted service that transfers your money to Russia quickly and securely. Unfortunately, though, a pretty significant portion of your funds is lost to transfer and conversion fees.
Remitbee was founded by immigrants for immigrants, and we understand the complexities of needing to send money home to your loved ones and the challenges that come with finding a reliable way to do this. We ensure that as much of your money arrives as possible and keep our fees transparent and as low as possible.
**To get started, download our app or visit Remitbee.com and create a free account
From there you can see our different verification transfer limits, transfer methods and the fees associated with those international money transfers. If you have any questions, our support staff are knowledgeable and happy to help.
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