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This may not be the most exciting news ever, but still: sending money internationally can be quite an expensive proposition. International bank transfers can cost up to 6000 yen each, while Paypal’s fees easily exceed that for largish payments. We previously offered the following 4 methods for payment: bank transfer (both domestic and international), postal money order, credit card (through Paypal), and Moneybookers.com. However, Moneybookers recently stopped allowing transfers from the US to overseas, and students have previously reported that their exchange rates are not very good. So, we have stopped working with them.
Instead, from today we offer a new alternative: Uni-Pay! Uni-Pay is a payment system designed for study abroad. It basically works like this:
1.You click on a link in the invoice we send you, to go to the Uni-Pay website.
2.You enter your information.
3.You receive details of the Uni-Pay bank account in your home country to make payment to.
4.You make payment to that bank account.
The advantage to this is that you only make a domestic bank transfer, not an international one, so you save on the 6000 yen international transfer fee. Uni-Pay charges their own fee, roughly $10 USD, and uses exchange rates based on HSBC’s exchange rates.
Hopefully this will allow you to save a little more money on your way to Japan. Given the high yen right now, every little bit helps!
To pay us through Uni-Pay, click this link.
