WeChat wallet international transfer and alternatives

Zukat

Expert Member
Joined
Oct 11, 2010
Messages
1,423
Considering options to send family/friends funds abroad, was wondering if its possible through WeChat app, if so at what cost? Also what are the most cost effective alternatives.

Tried through paypal and was hit by 8% commission on the small amount transferred.
 

deweyzeph

Honorary Master
Joined
Apr 17, 2009
Messages
10,544
One of the best ways is if you know someone who has a bank account in South Africa and the country you want to send money to. So for example if you had a friend who lives in the UK, who has both a UK and SA bank account. You could ask him to transfer X amount of pounds from his UK bank account to your family member/friend's UK bank account, and you can then transfer the equivalent amount of money from your SA bank account to his SA bank account.
 

C4Cat

Honorary Master
Joined
Nov 9, 2015
Messages
14,307
What will be commission to convert from rand to bitcoin and then bitcoin to usd?

Check with luno.com on the SA side and your family/friends in the US will check with their local bitcoin exchange.
 

Zukat

Expert Member
Joined
Oct 11, 2010
Messages
1,423
Still havent found a good solution to my situation, bitcoin fluctuates a lot, so a bit risky to use it in my opinion... Any other suggestions?
 
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