If you’ve never made an international money transfer before, it can be a bit of a chore.
I imagine the details can vary slightly depending on which countries you’re transferring to and from – obviously I haven’t done them all – but typically you’ll need the following information:
- The recipients banks name
- BIC / SWIFT code
- Branch name
- Their address
- Bank branch code
- Account Number
- Account Name
- The transferring agent banks name
- Their ABA
- Their BIC/ SWIFT Code
- A week of patience
- A chunk of fees
What you need for a PayPal transfer:
- An email address
Confirmation that payment has been made is basically instant, and there’s one minimal fee to be paid. If you don’t have a PayPal account and are potentially looking to hire an international graphic designer or other professional, it makes life easier for all involved.
Do use PayPal for international or local business? Leave a comment below and let me know.