How to Cheaply Transfer Money Abroad (Bye PayPal)

Last updated on February 7th, 2025

For years, over a decade to be exact, I have worked on the internet. Subsequently, most of my payments, both sent and received, have incurred lots of fees and hassles along the way. The main culprit that has caused me these painful issues has exclusively been the notorious PayPal. It feels like they are just out to squeeze the little guy. Evil I tell you!

The Sad Story

How to Cheaply Transfer Money Abroad (Bye PayPal) Blog Services Travel Hacks

Throughout the years, there have been numerous times where they’ve completely screwed me in the past creating many debacles in my life. For instance, they’ve sided with scammers during disputes, charged exorbitant transfer fees, and also, to add insult to injury, always offer only insanely inflated exchange rates that side with them.

Therefore, because of these struggles, I’ve always wanted to find a new, and more convenient way to transfer money. There must be a way! However, up until now, I couldn’t find this illusive alternative (I realize how much this sounds like an ad but I promise it’s not.) Where are you my magical Robinhood savior?

Boom! I found you!

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Luckily, I finally found someone who could help. To clarify, the name of this service is known as Wise (formerly Transferwise, to be exact.) As a result, I’ve found that overall it offers a much better service in many regards. Firstly, the transfer fees tend to be about half of what PayPal charges. Secondly, the exchange rates used by Wise are the actual exchange rates, instead of the artificially inflated versions of PayPal.

At this stage, I have not yet dealt with them when there has been a problem, such as a dispute. Consequently, I’m not quite sure how their customer service will be. However, as of using them for about a year, the whole experience is so far so good. Most importantly, I’ve finally found an alternative from my arch nemesis. Oh, how good it feels!

Conclusion

In conclusion, if you’re sick and tired of being screwed over by the horrible money transfer services such as by PayPal, give Wise a try! Honestly, I don’t see where much could go wrong when you really dive into their fee structure. You can thank me later!

BONUS: If you use this link you won’t have to pay any transfer fee!