AmandaJo

5 minutes ago, Cyberfx1024 said:

I just checked on Xoom and they are offering this right now for the exchange rate 1 USD = 29.3508 THB*. Also the fees are below for sending $100:

 

Paying with	Fee in USD
Bank account	4.99
Debit card	5.99
Credit card†	5.99

It's about 9% in total(echange rates + fees). Still high for small amounts. Also, I will send in cash.

2 minutes ago, Cyberfx1024 said:

I am not ok with it but I do it regardless when we send money back to the Philippines. You can use different services to send money like Xoom, WU, they charge a fee of $5.00 on the whole transaction. I have never heard of WU or MG charging a 10-15% fee on the transaction, I know WU used to be bad when trying to send money online but not that bad.

Here's the World Bank's Remittance Data between US to Thailand. 
https://remittanceprices.worldbank.org/en/corridor/United-States/Thailand 

Those money services doesn't charge 5$. 

3 minutes ago, Cyberfx1024 said:

The exchange fees and not to mention the fees that a broker charges you to buy/sell bitcoin. 

If I send USD to Thailand. there are exchange fees to because my family needs to exchange it to use. Also, money services like WU and moneygram charges you up to 10-15% fees and costs. So are you OK with that? 

8 minutes ago, missileman said:

Bitcoin transfer and exchange fees are high, too...

No, my friends send Bitcoin without paying any fees. But I don't know about exchange fees.

Hello everybody!

I'm not happy with the money transfer fees. So, I'm trying to find a cheaper way to send money. I was thinking to send in Bitcoin. I know there are some people already using Bitcoin and they're OK with that. Do you send Bitcoin to your family or related?