Transactions fees in Montenegro in Euro

[jnathalia]

I have a Euro bank account in Montenegro. I'm receiving money from Airbnb (most likely in Euro as well). Do I pay transaction fee for this?

Once I want to transfer the accumulated amount in Euro on my Paypal account onto my Euro bank account in Montenegro, is this free of charge as well?

[kernowlass]

@jnathalia 

The option to receive Paypal payments is sadly not available in Montenegro.
You can only send payments for purchases funded by your (confirmed) credit card.

Paypal varies a lot country to country and can only offer the services that the banks / governments of that country allow it to offer.
There are quite a few countries unable to receive Paypal payments.

[jnathalia]

Thank you so much... this is really unfortunate.

The problem for receiving money from rental booking platforms like Airbnb, Booking, VRBO etc is that they can only transfer in $ to the Montenegrin bank account. Actually, Montenegro is using Euro as the main currency but somehow they can only book in $ while they should be able to send in Euro as they can also do to European Union countries.

The problem is that the booking platforms charge like 3% for paying out, then the local bank in Montenegro applies an exchange rate which is not in favour of me plus they charge 2% for incoming flow of money to an externally known IBAN number (not 9 but 12 digits!). Then if you want to transfer from this IBAN to the local Montenegrin account (which is a local account number) it costs also a certain percentage. So, I'm literally ripped off...

So, to avoid the chain of commissions I would have hoped there is another way...

Any suggestions are welcome, otherwise thanks for answering it! 

[sharpiemarker]

@jnathalia 

Well guess what? You will not find or have a hard time finding a service that performs these services for free. Money transmitters will charge fees and the banks charge fees. You have to build the fee expenses into your rental price.