The best method is DONT.COM. Why ask online? Whoever you are sending the money already knows 12.000 ways of receiving it.What are your preferred ways of sending money to DR?
Maybe you could explain what has worked best and why?
TIA
If you live near a Latino neighborhood, you may have access to stores who wire the money. It's cheap, the person picks it up in dollars, and then they exchange it for pesos. I think we pay about $6.
I've also sent money via xoom, cost is $4.95 if you use your bank account [as opposed to a credit card], but the exchange rate isn't great. It gets delivered directly into the recipient's bank account, so that is a requirement. To my knowledge, it cannot be picked up anywhere.
I read on US MoneyGram website that it is very easy/cheap to send money ($USD cash delivered not pesos) from US to DR, you need a US bank account and US driving license. Up to $3000 they charge only $5.
I am unable to do this, the European MoneyGram sites charge a hell of a lot. And I don't have US driving license.
They deliver to various places in DR, like WU (they have a list on their website). I wondered if anyone has done this, no mention of it much on the board normally, but could be very useful...
Banco Popular is where one can pick up Moneygram in the DR, but they will not pay out in Dollars, just pesos.
Yes, therein lies the rub.
From all the research I have done so far I have learned that these companies make their money two ways most of the time.
The fee they charge + the exchange rate you are forced to pay (in most cases).
No one has mentioned PayPal yet.
They use a deceptive method. They charge their fee and then say it is up to the bank where you receive your money to
charge their exchange rate.
When you send your money you don't get a quote on the exchange rate (nor can you lock it in).
Perhaps PayPal gets a cut from the bank with their 'exchange rate'?
Has anyone ever sent money internally with Caribe Tours? Caribe Express? Sending to a recipient inside the country?
Has anyone ever sent money internally with Caribe Tours? Caribe Express? Sending to a recipient inside the country?