Posts Tagged ‘International Money’
International Money Transfer Online Services
There are many ways to process international money transfers online and one company offering affordable services is Western Union. It leads the industry in money transfer and is able to send money internationally online. It has a dedicated website that explains the entire process in an easy to understand format. One outstanding feature is its currency calculator which gives you the cost of sending money to the country you select. Payment method is by credit or debit card only. Every online transfer transaction has a control number, making it easy for your recipient to collect the funds. With the proper I.D., your recipient is usually able to pick up the funds within an hour after you send it.
MoneyGram also deals in international money transfer and it also has online services available. It is operational in 170 countries and has 75,000 agents at its disposal. It also calculates the cost of sending money to a foreign destination. Its costs are basically the same as those of Western Union – the amount depends almost entirely on the recipient country.
Another method of transferring money to foreign destinations is to do it via a money order. The U.S. Postal Service issues international money orders in maximum denominations of $700.00 per money order. But, you are allowed to purchase several money orders in a day, up to a maximum of $10,000.00. Of course, this method is not done online and you must buy an actual money order and physically take care of sending the funds.
International Money Transfer Online Services are yours by simply sitting at your computer and finding one that fits your needs. You can open a “free” account which allows you to send money without dealing directly with a bank. You can send money from your account to your recipient’s account online in a matter of minutes. These online services are multi-lingual and multi-currency so they are appropriate all over the world. All you have to do is deposit money into your account by wire or online using a debit or credit card. You then use your uploaded funds to pay the online service and it transfers the designated dollar amount to your recipient.