Yandex.Money: Transfers from Europe with Reduced Commission
August 2, 2012
Now, funds can be transferred to accounts on the Russian payment service Yandex.Money from abroad. In 14 European countries commission for bank transfers won’t exceed 1%. These countries include the UK, France, Italy, Spain, and the Scandinavian and Baltic states.
Recipients using Yandex.Money simply need to select the sender’s country and currency, and the payment service will generate unique details for each transfer. Using these details, users can send money via an online banking system or from an account in any bank. Funds are credited to Yandex.Money accounts within two to five business days.
Transfers with reduced commission can be sent to any identified account in the payment service. Anonymous accounts can only receive money from abroad using a high-commission international wire transfer. Additionally, the transfer limits for a single transaction are different for the two account types. The maximum amounts for identified and anonymous accounts are 100,000 and 15,000 rubles, respectively, or their equivalent in another currency.
“Our e-wallets are widely used in the CIS countries and internationally so we are tailoring our services to the needs of our international audience as well. For example, our users have recently been given the option of withdrawing funds to bank accounts in dozens of European countries. So now, using Yandex.Money, people can help each other out, without borders standing in their way,” says Natalia Khaitina, Yandex.Money’s deputy CEO.