Money Transfer 101: The most effective ways you can send money to anyone |
Posted: March 13, 2018 |
Sending money abroad is a constant action for many, but for just as many, finding a way to transfer money safely and securely into another account or to a loved one seems more difficult than this. Choosing from the incredibly high number of options available on the market, you most certainly wonder which option offers the most advantageous exchange rates, reduced transfer times, and other similar variables that do weight a lot in taking a decision like this. Below are some of the widely used, and honestly, most secure and fast money transfer services available out there. Online money transfer services This is by far the most convenient option that you have when it comes to fast and easy money transfer services. These can be operated from the comfort of your own home and offer you flexibility and good exchange rates. Below are some of the most notorious online money transfer services you should know about. PayPal – sending money internationally via PayPal may be the most convenient and easy money transfer method out there. PayPal offers the possibility of sending money in approximately 20 currencies and it also allows you to preview the exchange rates before operating the transfer. It is the best option that you have if you want to operate small sums, preferably under 500 USD. Also, it is preferable by those who have access to email and don’t need the cash right away. So, this is not probably the best option that you have if you want to send money to an older relative with little to no knowledge in terms of technology. Alternative options for those who want to explore other services besides PayPal are Google Wallet and Amazon Pay. Give those a try as well. Money transfer operators These are brick-and-mortar establishments that specialise in moving money for their clients from location to location. In some cases, you will find companies that manage such transfers even between countries. This type of service is preferable if you need to move money between countries or locations in a fast and secure manner. While these establishments can be physical ones, you can also choose their online money transfer services as well. Western Union may be the most notorious money transfer operator like this. The company has branches all over the world (4,000 locations) and the options offered by this amazing player are multiple: online money transfer website, online banking, at a location and mobile banking. Another good example of an amazing money transfer operator is Money Gram. There are more than 300,000 Money Gram locations all over the world and more than this. Like in the case of Western Union, the options of online money transfer offered by this operator are generous and flexible. If you want to transfer money internationally safe and fast, you should definitely consider one of the options above. These are flexible, offer amazing exchange rates and are a lifesaver for all the parties involved in the process.
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