Subject:
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Sending Cash Abroad
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Newsgroups:
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lugnet.market.theory
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Date:
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Tue, 30 May 2000 15:53:50 GMT
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Viewed:
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467 times
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Hey:
I live in the United States and have a semi-large deal pending with someone in
Italy and I have been trying to select the best method of payment. I was
going to send cash via a registered letter with UPS except that they informed
me that it was illegal to send cash outside the United States. That this
should be a illegal comes as a surprise to me as this method of payment
appears regularly as the recommended method of paying international sellers on
eBay.
Where can I obtain the best rate on an international check or money order (SF,
California)? My bank wanted to charge me $75 for such a draft!!! With
shipping and so on, this deal I have been looking forward to is becoming less
of a deal all the time...it's turning out that I will be paying an enormous
premium on these items just to deal with someone internationally.
I was willing to send cash except that I seem to recall people questioning the
ethics of the Italian Postal Service and I did not before realize that it was
considered illegal. And it is a largish sum of money being sent in cash too --
hence my desire to send it via registered UPS.
Any advice will be appreciated. Feel free to write to me privately at
blueofnoon@aol.com or merely reply here. I guess when we are discussing issues
of legalities its fair to mention that people might want to be cautious about
what they post about here.
-- Richard
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Message has 6 Replies:
 | | Re: Sending Cash Abroad
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| (...) I'm surprised. I had to pay nothing more than the quoted exchange rate at my bank to get Sterling bank notes. If I wanted a money order, yes, it would be expensive to get it in lira (not quite that expensive) but getting foreign bank notes is (...) (24 years ago, 30-May-00, to lugnet.market.theory)
| | | Re: Sending Cash Abroad
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| (...) (SF, (...) less (...) enormous (...) They ain't cheap no matter where you get them. I think the last time I *HAD* to use an Intl money order, I just went through the regular postal service. I want to say I ended up spending close to an extra (...) (24 years ago, 31-May-00, to lugnet.market.theory)
| | | Re: Sending Cash Abroad
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| The best deal I found was at a Wal-Mart where I got an international money order for 46 cents. I don't know how big your order is for but I can get an IMO there for up to $700. The IMO company is Travelers Express and Wal-Mart sells them at the (...) (24 years ago, 31-May-00, to lugnet.market.theory)
| | | Re: Sending Cash Abroad
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| I'm curious - why not just use LarryP's Factoring Service? (...) -- | Tom Stangl, Technical Support Netscape Communications Corp | Please do not associate my personal views with my employer (24 years ago, 1-Jun-00, to lugnet.market.theory)
| | | Re: Sending Cash Abroad
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| (...) I'm from Italy, and I received many international payments, in many different ways. Sending cash inside a letter is not legal, but it's a common way to pay a seller. Larry's factoring is a very convenient way to get the money, but I usually (...) (24 years ago, 7-Jun-00, to lugnet.market.theory)
| | | Re: Sending Cash Abroad
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| Hey Y'all: I'm kinda answering my own question here, but I finally decided upon American Express Traveler's Cheques as a method of payment to persons abroad. On the plus side, one has to specify the sender, the date, and the recipient on the face of (...) (24 years ago, 13-Jun-00, to lugnet.market.theory)
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