Paypal works out very expensive for currency conversions.Not sure on the wire fees but they do paypal payments as an option, dan.com always covered the paypal fees but not sure if Afternic do (it doesn't look like they do sadly)
Not a high street bank. Something like Revolut or Monzo will provide probably a good rate and may even have free limit. I’ve not looked into it. But I have an affiliate link for Revolut if you’re interested in earning £30 while opening a bank. Ends today though I believe, so no pressureDo not let your bank do it. Use Wise.com - I use this as my main bank now. Highstreet banks are not worth the headache.
They all do the same, Wise, Monzo, Revolut Rates are pretty much the same, I use Wise because it was the first I tested and it worked without issue lolNot a high street bank. Something like Revolut or Monzo will provide probably a good rate and may even have free limit. I’ve not looked into it. But I have an affiliate link for Revolut if you’re interested in earning £30 while opening a bank. Ends today though I believe, so no pressure
Okay mate, I didn’t realise but thinking about it, it would make sense competitively.They all do the same, Wise, Monzo, Revolut Rates are pretty much the same, I use Wise because it was the first I tested and it worked without issue lol
I've set up an account at wise.com so thanks for the suggestion.They all do the same, Wise, Monzo, Revolut Rates are pretty much the same, I use Wise because it was the first I tested and it worked without issue lol
I could be wrong but i think you would want to use wire transfer? The local/sepa transfer is where they charge the $5 + 3% FX fee for conversion.
I think they charge $20 for a wire transer, so would have to work out what is cheaper depending on the amount.
Open up a USD account, then you'll get local USD bank details to pay into, assuming you want to be paid out in USD.I've set up an account at wise.com so thanks for the suggestion.
Do you know if I should set my Afternic payment settings to "Local Bank Transfer / SEPA" or "wire transfer"? Trying to work out the correct method to pay to my wise account in GBP. I'm not sure if they consider it as Local as it's set in the US.
I've opened both a GBP and USD account at wise.com and have set myself to be paid in GBP from Afternic, can't work out which method would be better, to be paid in USD or GBP does one method avoid more fees than the other..Open up a USD account, then you'll get local USD bank details to pay into, assuming you want to be paid out in USD.
Yep looks like the way to go, get paid in USD to wise and let wise do the conversion to GBP.If it’s a big payment you are probably better off paying the $20 wire fee and getting it sent in $.