Best way to send money FROM Cambodia

Ask us anything. Cambodia Expats Online has a huge community of long-term expats that can answer any question you may have about life in Cambodia. Have some questions you want to ask before you move to Cambodia? Ask them here. Our community can also answer any questions you have about how to find a job or what kind of work is available for expats in Cambodia, whether you're looking for info about Phnom Penh, Siem Reap, or anywhere else in the Kingdom. You're also welcome to ask about visa and work permit questions as well, as the immigration rules change often, especially since COVID-19. Don't be shy, ask CEO's community anything!
Post Reply Previous topicNext topic
james1234
Expatriate
Posts: 137
Joined: Wed Nov 15, 2017 12:18 am
Reputation: 33
Belgium

Re: Best way to send money FROM Cambodia

Post by james1234 »

atkins, k wrote: ↑Fri May 04, 2018 4:58 pm have this guy get a bitcoin wallet and send him some cash when he needs, less fees and less hassle than anything that has been mentioned in the previous page and a half.
Have a poor Khmer guy have a bitcoin account? Ppfff, will look into it. I don't trust bitcoin at all and thought the fees were high for small payments, but I will check. Don't know anything about Bitcoin.

Another answer from Hong Kong bankspecialist:
Cambodia is considered as an high risk country and most of the banks will reject a corporate bank account opening for a company receiving payments from Cambodia.


Great, I know I can get bank account in Georgia without problems. Now only getting the payments there.
Top
User avatar
dron
Expatriate
Posts: 335
Joined: Wed Feb 14, 2018 10:52 am
Reputation: 36
Cambodia

Re: Best way to send money FROM Cambodia

Post by dron »

Thought the whole point for this guy was to avoid sending the money to western europe?
"The revolution did more than legally create the United States; it transformed American society... Far from remaining monarchical, hierarchy-ridden subjects on the margin of civilization, Americans had become, almost overnight, the most liberal, the most democratic, the most commercial minded, and the most modern people in the world." - Gordon S. Wood
Top
james1234
Expatriate
Posts: 137
Joined: Wed Nov 15, 2017 12:18 am
Reputation: 33
Belgium

Re: Best way to send money FROM Cambodia

Post by james1234 »

The whole point is that this guy needs to pay me every week 50 to 80$. Paying every time 5 or 10$ fee is 10-15% of the whole costs. Every week!
That is 250 - 500$ a year!

For what I know now, Fasapay could be best. They charge 0,5% so 0,25 to 0,40 ct per transaction.
But I don't know the costs of paying from bank to Fasapay. Trying to find that out.
Top
Barang chgout
Expatriate
Posts: 3065
Joined: Mon Dec 01, 2014 11:36 am
Reputation: 677

Re: Best way to send money FROM Cambodia

Post by Barang chgout »

And the guy will pay you EVERY week.....
Cambodia.

Sent from my SM-G570Y using Tapatalk

Top
willyhilly
Expatriate
Posts: 1758
Joined: Sun Jan 17, 2016 7:11 am
Reputation: 357
Location: Australia
Albania

Re: Best way to send money FROM Cambodia

Post by willyhilly »

What about a one off transfer of a large sum. More than 50k?
Top
Post Reply Previous topicNext topic
  • Similar Topics
    Replies
    Views
    Last post

Return to “Ask the Expats (Questions & Answers)”



Who is online

Users browsing this forum: Apexisto, Bluenose, Fridaywithmateo, Joakim, Old8404, Province, PSD-Kiwi, ressl, Semrush [Bot], Username Taken, WildAlaskaKen and 518 guests