I have a friend who owe me ~600 GB pounds. I have asked him to pay me in USD.
What is the cheapest way to transfer the money from UK to Israel?
I have checked PayPal - 3.5% commission for transferring to PayPal. Then 2% for exchanging to ILS. + commission for withdrawing and then another (external) commission to change back to USD.
I have thought about sending cash in registered mail. But I'm afraid someone will scan it and steal it. Is it illegal anyhow to send money (even in small amounts, say 150 USD) in registered mail?
We don't have any relative who travels between these two countries.
Western Union - too expensive (5% for deposit)