[LGM] Transfer Methods

Frank Trampe frank.trampe at gmail.com
Wed Nov 29 17:33:24 UTC 2017


Unless we run multiple organizations (one in North America, one in South
America, and one in Europe, perhaps), it will be necessary to disburse
money across the Atlantic. The European and American banking systems are
rather different. Europe uses IBAN transfers and shuns checks; the United
States uses checks and lacks IBAN support. SWIFT transfers would work, but
they are expensive, so we probably need to look at outside services that
can route between banks.

What are people's thoughts on these?

   - PayPal Bank-to-Bank (0.5% to 2%)
   - Transferwise (1%)
   - Western Union Bank-to-Bank ($10)
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