PayPal Account Creation
A PayPal account has been setup to facilitate client donations to charities abroad. The initial objective is to reduce the cost of bank charges on overseas payments.
A longer term objective will be to allow clients to topup their Keren Shmuel accounts through their own PayPal accounts.
Bank Charges on Overseas Transfers
HSBC charge a fixed fee of £17.00 per transfer.
PayPal charge 1.00% for payments to"family and friends", so charges on transfers up to £1700.00 will be cheaper using this service.