A Guide to Sending Money Online.
Sending money globally helps people at different points in the world to do business together. Gone are the days when people had to settle for banks whenever money had to be sent overseas for business or just for social purposes. When the banks were the only option it was very inconvenient because people who could not find time to rush to the bank during the day were locked out of the transaction. With online money transfers you can transact any time. Also, you can also use the method to remit money to people in your region. Paypal is the main network many people in different parts of the world use in transferring money. It has been in the business for years and this has been due to their reliability. This network allows people to make transfers of as much as $10,000 to more than 190 countries. You will be charged 2.9 percent fee for the transaction or just 30 cents when you are sending money using a credit or debit card. When it comes to Paypal, you have the freedom of choosing more than 20 currencies and given that they are worldwide you will be able to transact in a currency you are comfortable with.
If you want to send your friends some money when Venmo will allow you to do that easily. You only need the other person’s email or phone number in order to complete the transaction. When it comes to the use of Venmo accounts, money transfer for people who have added their bank accounts to Venmo are free but if you use a credit card or even a debit card there is a three percent fee that is applicable. Google is in everything people are doing now. It only makes sense now that they have added a means of payment through the Google Wallet. You just need your Google account and if you do not have one creating it is very easy. In the event that you are using your debit card in the transaction, the service charge is only 2.9% but for users who have added their bank account the services are free.
Square Cash is so convenient in that the other party does not even need the account. As long as you have their email address, it can be linked to one of your bank cards. Only those who are using the business version will be paying when they transact the fee is quite low at 3%. For the Facebook users, the Messenger app can be used in sending money to the other person and it can be done in the process of chatting. It only requires you to have a debit card from one of the U.S banks. You can click here to learn more about this process.