>
> So does it cost you anything to receive the cash?
At least in the Eurozone it costs the same as domestic transfers. For
me, using my wife's dutch account, it is free for send and receive.
> Any downside? Since it seems so popular in Europe
> at least, maybe I should start to accept such
> transfers and save on the Paypal fees?
You should look into it. Keep in mind that your accountnumber is part
of the IBAN number
And is it available in the US? I sell a lot of stuff to Europe and
payment is always a problem.
It is Europe only at the moment. Look at
http://www.pruefziffernberechnung.de/I/IBAN.shtml
for some more info and how to check correctness of IBAN numbers.
Jos