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Thread: How to send money to Cambodia?

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  1. #10
    Forum's veteran goji's Avatar
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    Re: How to send money to Cambodia?

    Some helpful ideas by Speedoo1.

    I compared WorldRemit v Xoom, see table.

    Xoom appears better, however:
    1 WorldRemit explicitly say in their T&C that there is NO CHARGE for receiving the money as cash. I cannot find any similar statement for Xoom & am a little suspicious, as Xoom is owned by Paypal.
    With a Paypal branded transfers, they are rather greedy & triple dip. Charging the sender, making a margin on the conversion AND charging the receiver.

    2 One converts to KHR and the other converts to USD. As any regular visitor to Cambodia will know, the 2 currencies are interchangeable and the ATMs in Cambodia even dish out USDs by default. I haven't adjusted for this, as I don't know the local conversion loss and believe it's fairly small anyway, from past experience.

    Both seem to be credible US and UK owned companies. Mind you, some would have once thought former DAX constituent Wirecard would have been another trustworthy developed country money transfer business.

    If it were me, I would be tempted to try Xoom. Or at least register and go through the process, to see if any surprise charges crop up. Has anyone here used this ?
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  2. User who gave Like to post:

    christianpfc (June 28th, 2020)

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