Everything You Need To Know About Mobile Number Portability

Thanks to modern technology, sending money online is no longer exotic. It’s possible to send almost any amount of money to your friends or family member at a fair rate. That’s doesn’t matter whether you want to transfer money domestically or overseas.

When you want to send or receive money online the best way depends on how and where you want to do. You can transfer money online through various website and apps such as PayPal, Google Pay, Venmo, Zelle, etc.

To help you with this process, here you can find 3 best ways to send money online that will suit your specific needs.

  1. XE Money Transfer – Transfer Money Internationally for Free

XE Money Transfer allows you to send money more than 200 countries, it is also part of the Euronet worldwide which includes HiFX and Ria. Which makes the third largest money transfer company in the world.

You can only do bank to bank money transfer online or by visiting a physical location of XE Money Transfer. The transfer speeds vary according to the destination but it takes a maximum of 2 days to complete the process.

XE money transfer available 24/7 to help your transaction go smoothly. Also, there is no minimum or maximum transfer limit, so it’s suitable for any range of payments.

Pros:

  • No transfer fees
  • Quick turnaround transfer complete within 2 to 3 days
  • Trade-in over 120 currencies, allowing send money to over 200 countries
  • Competitive exchange rates save money in the long run

Cons:

  • No same-currency transfers
  • Only bank to bank available
  • Exchange rate comparison tool not available until you registered
  1. Paypal – Most Widely Used

Most of the people are pretty familiar with PayPal is best known of all the platforms that support wireless overseas transfers.

As an individual, it’s very hard to transfer a large amount unless you go to the bank. However, with PayPal you can send up to $10,000 per transaction once you verify account. Paypal offers money transfer services to more than 200 countries in 30 currencies.

You can send money for free within the US when you use your bank or PayPal balance. If you use a credit card or debit card, you need to pay a fee of 2.9% + 30 cents of the amount you send. Also, the fees vary depending on the sender and recipient’s countries. That’s why understanding the Paypal fees is very difficult but don’t worry PayPal fee calculator can help you to figure out charges for the amount you want to send.

Pros:

  • Available in more than 200 countries
  • Send money in the US for free
  • Low minimum transfer amount of $1
  • Multiple digital safeguards to protect against fraud

Cons:

  • Fees are proportionate to the amount transferred
  • Fees vary by location of transfer and method
  • Maximum transfer amount per transaction of $10,000
  • No cash pickup available
  1. TransferWise – Best Exchange Rates

TransferWise, UK based online remittance company allows you to send international payments online. It specially designed to help you save pocket on money transfer through peer to peer system.

You can send money up to 68 different countries with TransferWise. It only offers bank to bank transfer and there is no cash pickup available. TransferWise offers low minimum transfer amount of just $1 and fees depending on the amount you are transferring.

Pros:

  • Low minimum transfer amount of $1
  • Send up to $49,999 a day and $199,999 a year
  • No foreign exchange rate markups
  • Uses mid-market exchange rate with no hidden fees

Cons:

  • No same-currency transfers
  • Transfers to bank accounts
  • Requires a Social Security number to send money
LEAVE A REPLY
Please enter your comment!
Please enter your name here