money transfer service for the Domincna Republic

[chola1978]

I have used money transfer service for over 10 years now. I had to send money couple of times a weeks when my home was in construction. i like to see if we start to rank the best money transfer companies for sending money to the Dominican republic
I will start with a few a few please add o the list and contribute to this thread I think ill help out.
Dollex
envios Boya
CAM
Quisqueyana
Moeny Gram
Western Union
Zoom.com
Ikobo.com
ACCE
Remesas Dominicanas

[oceanbound]

which offers the cheapest rates to send money to DR?

[Porfio_Rubirosa]

www.servicash.com (Banco Popular)

[pfokas]

Sending money through western union for 100 dollars sent as pesos cost 3.99 which is the same as servicash.com

[rellosk]

Originally Posted by pfokas

Sending money through western union for 100 dollars sent as pesos cost 3.99 which is the same as servicash.com

Thier fee seems to depend on which State you send the moeny from. For NJ the fee is $20. Also, their exchange rate is about 3% less than servicash.

[pfokas]

The following order was sent with Western Union on June 20 by me. Do you think any of the other money transfer services would give me a better deal? If so I would be interested as I am sure all of us want the best deal.

Date of Order: 06/20/2007
Amount Sent: $100.00
Money Transfer Fee: $3.99
Total Amount: $103.99

Exchange rate* 1 USD = 30.4700964 DOP
Local currency pay out = 3047.01 DOP

[rubio_higuey]

Xoom:

http://www.xoom.com

same service fee (4 USD =vs= 3.99 USD), but receive more pesos

Sending: USD 100.00
Receiving: RD$ 3,135.31

Service Fee USD Cost
Standard $4.00 $104.00

Fee is 4 USD for online sending with a credit card

[rubio_higuey]

Envios Boya

www.enviosboya.com

service fee 6.25 USD (more than Xoom), receive same pesos as with Xoom (better exchnage rate), total cost virtually same

exchange rate USD=pesos= 1.00 : 32.00

3,135 pesos (as with Xoom) = 98 USD (to send)

98 USD + 6.25 service fee (using online sending with credit card) = US$104.25

[rubio_higuey]

Moneygram service:

Country Sending From : UNITED STATES
Country Sending To : DOMINICAN REPUBLIC
Service : 10 Minute Service
Send Amount : 100.00 US DOLLAR
Fee Amount : 4.99 US DOLLAR
Total Amount : 104.99 US DOLLAR
Receive Amount : 3,138.91 DOMINICAN PESO

Estimated exchange rate : 1 US DOLLAR = 31.389051 DOMINICAN PESO

Virtually same money as Xoom / Boya
1 Dollar more service fee. Can go to local Moneygram location to send



Now, if you send 99 dollars, with Moneygram you still get more Money than with Western Union, but your total cost is same as WU.

Country Sending From : UNITED STATES
Country Sending To : DOMINICAN REPUBLIC
Service : 10 Minute Service
Send Amount : 99.00 US DOLLAR
Fee Amount : 4.98 US DOLLAR
Total Amount : 103.98 US DOLLAR
Receive Amount : 3,107.52 DOMINICAN PESO

Estimated exchange rate : 1 US DOLLAR = 31.389051 DOMINICAN PESO

[rubio_higuey]

Servicash (Banco Popular) uses the same underlying provider/processor as Envios Boya (just see the "send form" to see it's a clone) but their fees are more than Envios Boya and their exchnage rate (payout rate) is less than Boya's. Recommend: Boya instead of Servicash.