How much does PayPal charge to send funds from the US to Kenya, you might ask. PayPal, the online money transfer service, charges two fees. First, they access a fee on funds withdrawn to a to non-US account. Second, they access another fee on funds received in different currencies. See the fees for each country on the pages linked below.
Finance
PayPal Around the World
Can I send money to a co-worker’s local account in Portugal via PayPal? How can I use PayPal if I only have a bank account in Tanzania? PayPal works in different ways in different countries. While you may also withdraw to a US bank accounts, you may also withdraw to non-US bank accounts in certain countries. View a list here.
Quickbooks 2009
Quickbooks 2009 Pro is now out, retailing for $199.95. The big change many overseas users will appreciate is that it now handles multiple currencies. You can track both the local currency and the currency of the donor country, or two neighboring countries. To use fund accounting, you will need the Premier edtion for $399.95.
3 Ways to Transfer Money
How do you get your funds from your US bank account to your field account? Wire transfers, ATMs, exchange houses, and PayPal are some common methods. You should always have more than one way to move funds from the donor country to the field. This is important in case one method is no longer available. Here is a simple chart to help you think through the ways to get funds to the field. View the PDF worksheet.
Paypal
Do you use PayPal? If not, it is worth looking into. PayPal is a free service that allows you to send or receive money online. It is a convenient way to transfer funds between US accounts and works with some overseas accounts as well. Learn more online at www.paypal.com or use the tutorials linked below.