Best ways to send money internationally

There are many options available to you when it comes to sending money internationally. This is especially true when it comes to those who have to send cash or make payments on a regular basis. Having a go-to method to transfer funds is a great way to be able to do what you have to in a faster and more efficient way. To do so, you first have to look into the options that are there and choose which one fits you best. Here are a few:

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Bank transfers

Bank or wire transfers are one of the most traditional ways that you can go about sending money internationally. You can always go to your local bank and process the transaction from there – or you can do it through easier means. Nowadays, you don’t have to go to your bank just for you to be able to send money. You can always do this through online banking or through one of the best online payment services. 

Money transfer services

Using a money transfer service can be beneficial to use especially to those who don’t have a bank account and have to transfer funds. However, there is a downside to using this method. The fees involved with every transaction that you make can add up if you do this on a regular basis. Also, the rate in which you will get charged gets higher the bigger the amount you will be sending.

Peer-to-peer transfers

A peer-to-peer transfer is a method that you can do to send money internationally through the use of your online payment service. This is when you transfer funds from your account to another account holder from the same service. The charges that you get through this method is more affordable compared to the traditional ways of sending money.

Card funding

You can send funds through a person’s credit card in just a matter of minutes if you are using the right online payment service. They cater to major credit cards such as MasterCard, Discover, and Visa. You can easily process this transaction with the money that you already have in your account.

Prepaid debit cards

One of the most convenient ways of sending money internationally is through the use of a prepaid debit card. The recipient doesn’t even need to have an account in a bank or have an account with one of the online payment services to be able to use it. Also, there are a number of ways that you can send the funds to the card instantly. 

Send money internationally for free

There are so many ways to send money internationally using online payment methods. You can use it for remittance to loved ones who are far away. You can also use it to make business payments or for shopping online. When we make mobile payments, it saves us both time and effort. There is a money services app that can be used to send money internationally for free. Using this app eliminates the cost of fees, which is a big advantage if we remit regularly.