I have clients in Turkey that send me money via international bank transfer. All banks have a swift code that is used for international transfers. The fees charged are in the 70 USD range for the amounts sent to me. Has anyone used Venmo or Paypal for personal international money transfer and had to pay fees? If so, what were the amounts of the fees, and how were they determined?
I reside in the USA and have used PayPal to send money as a gift domestically and there is no fee. I haven't used Venmo yet, but I hear it is totally free also and easier to use than PayPal.
To my understanding, all international bank transfers go through SWIFT in Belgium, thus the fees. So, this may be wishful thinking on my part. I'm particularly interested in Turkey to USA transfers, but welcome all experiences.