If you have friends, family or business associates living abroad, you may have found it difficult or expensive to transfer money. PayPal seems to offer a cheap solution HERE. If you transfer the money using funds in either your PayPal account or bank account (linked to PayPal), the cost is 0.5% of the transaction (at least for denominations of a few hundred dollars.)
I haven’t completed a transaction yet, but apparently you’re shown the exchange rate when you choose to send the money internationally. My only other question would be how good of a rate you get, but I would assume it’s pretty close to the rate banks and credit cards receive (which I believe is the best you can get.)
If anyone has used PayPal to send money internationally, please comment with your experience and/or the exchange rate you received!