Making regular payments in US Dollars

goffman

Hi Guys,

I had a little search around but couldn't find anything relating to what I want.

Basically, I need to make a regular monthly payment to a company in the US but they only accept payment in US Dollars. The figure is only relatively small (less that $30 per month).

I was wondering if anyone was aware of any solutions that would mean a lower fee or no currency transfer fees. I don't have or wish to have a credit card, so I would need something that lets me have a Switch/Maestro card or something similar that would be accepted as a form of payment.

Amex used to do a card for travellers that may have been ideal but it has now been withdrawn and I don't think they are replacing it.

Any ideas gratefully received.

adrian2000

Not sure but you may be able to send via Paypal if they have a paypal account.

Adrian

Debt_Free_Chick

Paypal would have been my suggestion too. But I'm not sure how good the exchange rates are and if there's any other fee to pay.

More information here

jonesMUFCforever

A credit or debit card would be my option.
Any reason why you do not wish to consider this?
If Paypal is also not your cup of tea you are looking at a minimum fee of £10 for each transaction using an Economy money mover ; available at all good banks!

goffman

@ejones999
I don't like Credit Cards because I got myself into trouble using them in the past so I avoid them now so I don't make the same mistake. They are very beneficial in some cases but can also be a curse. Thanks for the other information, though!

@adrian2000 and Debt_Free_Chick

I have been looking into PayPal a bit further and the company do accept PayPal. However, I have not been able to get all the answers I want from the help system at PayPal.

Does anyone know if, when paying in US Dollars, the money is taken from your bank account in dollars or if it is taken in sterling and converted by PayPal? This would mean that I wouldn't have to pay the currency conversion rate to my bank. If so, is there anywhere you can see the current rates and charges?

Additionally, are there any other costs involved in paying this way? I have only ever done transactions in PayPal in sterling before and the PayPal help system is somewhat lacklustre when it comes to getting answers to the questions you have rather than the questions they think you have.

[Deleted User]

A nationwide visa debit will be the cheapest way unless you use a money forex broker.

Paypal is a rip off costs a arm and a leg. Id never use paypal.

Tootsie_Roll

goffman wrote: »

Hi Guys,

I had a little search around but couldn't find anything relating to what I want.

Basically, I need to make a regular monthly payment to a company in the US but they only accept payment in US Dollars. The figure is only relatively small (less that $30 per month).

I was wondering if anyone was aware of any solutions that would mean a lower fee or no currency transfer fees. I don't have or wish to have a credit card, so I would need something that lets me have a Switch/Maestro card or something similar that would be accepted as a form of payment.

Amex used to do a card for travellers that may have been ideal but it has now been withdrawn and I don't think they are replacing it.

Any ideas gratefully received.

I make regular payments to my US supplier via Travalex. It is by far the cheapest and easiest for me to use other than paying via credit card. Each transaction costs £10; I transfer the funds via my online account to Travalex and they usually make the payment within a few days - the whole transaction takes about a week.

PBA

goffman wrote: »

@ejones999
I don't like Credit Cards because I got myself into trouble using them in the past so I avoid them now so I don't make the same mistake. They are very beneficial in some cases but can also be a curse. Thanks for the other information, though!

Fair enough. But if you set up a credit card just for this one payment a month, then set a DD to pay it off every month, you can't get in to trouble and the fact that you're using credit is helping to rebuild your credit rating.