This may seem to be a mundane question, but apparently people in Europe (like Germany) wire money to each other’s bank accounts frequently - and the fees must be minimal because it’s such a commonplace thing.
Here in the U.S., wiring money somewhere incurs huge fees ($20 per wire at my own bank) - I don’t understand why we are so different in this respect.
So I have to wire a small amount ($10) to someone in Germany, and I’m looking for an online service that will let me do it for a reasonable rate. I can’t find one, because Western Union (and other services like it) only wires to its own locations.
I can’t do anything but wire this money because it’s for an ebay auction, and I missed the part in the description that says they only accept wire transfers to their bank account (unheard of in the U.S.). I nicely asked to use Paypal or a traveler’s check, and they only accept wire transfers so I’m stuck. They gave me a BIC number, in response to my question about other methods but that doesn’t help me because I haven’t clue what that is either.
The Ebay seller is legit, from the number of items they’ve sold in the past. It’s for such a small amount (8.99 EU) I cannot think it’s a scam.
I’m trying to find the cheapest way to do this. Anyone have any ideas and maybe a description of what a BIC number is?