The world today is highly interconnected and sending money from one part of the world. Therefore, sending money from one point to another is not a big issue today. Even with a lot of options, there are some that are the creme del a creme. Let’s look at a few of those.
Most Popular Online: Paypal
For the longest time, Paypal has been a constant feature in online money transfers. With more than 400 million users active users online, this is one of the most trusted and convenient ways to send money to any part of the world. Depending on the currency you want to send, you can send up to $60000. You can also transfer money instantly as opposed to bank transfers that take one to four days. You can send money through their website or through their app that is compatible with android and iOS. You don’t even have to leave your house.
With coverage that extends to over 200 countries, Western Union is one of the oldest and most trusted money transfer services available. Western Union has numerous tools like the price estimator, different combinations of sending channels, methods of payment, and even delivery options. You can use your debit or credit card and if you prefer sending physically, there are agents worldwide that can help. They just have to find a western union near me.
MoneyGram offers a platform for bank accounts or as cash to be picked up globally. With a myriad of locations, you can literally send money and the recipient will receive it within a few minutes if you are in the same locale.
Sending to a different country might take up some hours or a day at most. It works similar to the Western Union. You might have to note that there are sending fees required, there is a 0.60% mark upon the exchange rate and the maximum amount that can be sent is about $10,000.
You may have seen this one on social media a few times and it is because users actually earn when they refer other people to use the app. When someone uses the app-based referral code, the person who referred them earns $5. And there are no fees charged to send or receive any amount of money. Users have an option to create their names or $Cashtags are they are called so that people can find you easily.
Best Mobile Money Transfer: Venmo
- 3 stars on Google Play Store and 4.9 on the Apple App Store make Venmo one of the most highly rated mobile apps in the world. Venmo is easy to operate when you link it with your bank account, a debit card, or a prepaid card. With a few taps of your phone, you can be able to transfer a maximum of $5000 to users on the app. There is a Facebook-like site that lists the transfers made by you and your friends.
These and many other options to send money and these top-rated ones should work just fine if you want to transfer money.