International payments are a mess

Oh for some Square-esque simplicity in making small international payments. Doing it through a bank is costly and time-consuming. But check out Paypal’s incredibly complex fees policy for international payments, full of gems like this:

For a payment sent from a Norway registered User to a User registered in Hong Kong or China (only where such Currency Conversion Processing Fee is payable by the Norway registered User), 5% above the exchange rate.

As Square well knows, simplicity is valuable and people are willing to pay for it. For consumer international payments, it seems like a lot of money is being left on the table …