The main problem with sending money to Romania is that due to local
banking regulations, infrastructure limitations, and anti-fraud measures,
many reputable online payment services do not have operations there. For
example, Xoom does not permit money transfers to Romania, and PayPal
does not offer accounts at all to Romanian residents.
Xoom: International Money Transfer Services
Paypal: Paypal Worldwide
Other electronic money-transfer services that promise worldwide
availability, such as iKobo and Moneybookers, permit cash withdrawal in
Romania only through the use of Visa-network ATMs. The limited presence
of such ATMs in Romania, and the likelihood that many of them do not
permit the withdrawal of large sums -- or the withdrawal of any cash at
all because they don't support Visa debit transactions -- means that in
practice, such services are of no use to intended recipients in Romania.
Moneybookers: Supported local payment methods
Not even postal money orders are accepted in Romania, which is a shame
given the low cost of this option. These restrictions may ease as Romania
makes the gradual transition to a market economy and seeks to gain entry
into the European Union.
U.S. Postal Service: International Money Orders
For the time being, your most cost-effective option for rapid money
transfer appears to be Western Union. To make an international money
transfer in the amount of $1000, for example, using the Money in Minutes
service from the state of California to any location in Romania, Western
Union charges a fee of $68. This 6.8% transfer surcharge is about double
the fee charged by web services such as PayPal -- if PayPal did offer
money transfers to Romania -- but it is less than half as much as Rent
A Coder's 15% cut.
Your payee can pick up the money transfer at many Western Union agent
locations in every Romanian town, including post offices and the branches
of major banks such as BRD Groupe Société and Piraeus Bank.
Western Union: Service Options
Western Union: Agent Locator Search Page
The main drawback of Western Union's consumer-level service, Money in
Minutes, is that security considerations initially limit you to transfers
of $1000 or $2000 every 30 days. If this is a deal-breaker for you, I
recommend that you look into Western Union's corporate service, called
Quick Cash. After installing the proprietary Quick Cash software on your
company PC, you will be able to make payments of up to $5000 at a time
to anyone who goes through Western Union's corporate-level identification
procedure by enrolling with their Commercial Service.
If your business needs to move money fast, the Western Union®
Quick Cash® service will provide your company with an easy and
reliable tool. This convenient money transfer service lets you
send single or multiple money transfers worldwide right from
your office PC. Funds can be sent virtually anywhere to more
than 100,000-plus Western Union Agent locations globally. Within
minutes of a transaction, the recipient can pick up the cash
payment in their local currency, where available, at the desired
Agent location (subject to hours of operation of the receiving
? We supply Western Union Quick Cash software for easy
installation on a PC right in your office.
? Using simple procedures, authorized personnel in your company
send funds within minutes to any Western Union Agent location
in the world.
? Funds can be picked up in cash by your designated payee. Each
transaction carries a unique tracking number and your company
will receive transaction activity reports on a regular basis.
Western Union: Global Payment Solutions: Quick Cash
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