"SOFT",get down here to the DR,and make your comments about "Things" here relevent!
This is "DR!",not "PI1"!
We have a lot of "Dominican Republic Wannabies" on "DR!",but at LEAST,they have actually set foot on our soil!
A "PayPal" in the DR,is a "Friend With Benefits",who you pay,for those "Benefits"!
A Dominican with a "ATM" card???
Now,THERE is a receipt for DISASTER!
Reason I don't do it...The person would be getting pesos instead of USD and getting screwed on the exchange rate, so it ends up costing more. In addition the person would have to go to the bank and play the ATM roulette. Next thing you know someone swiped your money out that account and you have no recourse. Home delivery in USD is the way to go. I do agree with risk involved, but honestly I think is less risky than the person going to Caribe Express and getting the money (in front of everyone BTW) and then having to walk home with that money.I don't get why people who want to send money on a regular basis simply don't set up a proxy bank account in their own name in the US (or elsewhere) and give the receiver in the DR an ATM card.
I did that with Bank of America, it worked great until they started charging 8 bucks a month for the privilege of using their checking account with MY money..I don't get why people who want to send money on a regular basis simply don't set up a proxy bank account in their own name in the US (or elsewhere) and give the receiver in the DR an ATM card.
Paypal in the DR can be only cashed out to the U.S. bank account, or via U.S. mail check. Because we do not get mail in the DR (and even in lucky situations it may take 2-3 months to arrive), the only real use of PayPal with DR address is to MAKE payments. Some Asian countries have credit-card Paypal payouts deposited on VISA card. Not so here. Also, to receive payments even on personal Paypal D.R.-based-accounts you are hit with 5.4% charge. For those who HAVE option to make Paypal payout to a U.S. bank account it's much easier to set up a U.S.-based Paypal, with 2.5% fee instead of 5.4% fee.Not sure about DR banks, but I have a bank account in the Philippines tied to my Phillipine PayPal account and can easily and quite inexpensively shift money between us and Phillipine bank account and can take possession of funds in USD or Philippine Pesos.
Not good....you get charged a fee by the us bank everytime you make a transaction...which is higher than sending yourself the money.....lets say that you use 150usd on a restaurant you get charged with 5 dollars...and if you withdraw the same amount is more than that....i think 1-2% of the amount plus 5 dollars flatI don't get why people who want to send money on a regular basis simply don't set up a proxy bank account in their own name in the US (or elsewhere) and give the receiver in the DR an ATM card.