Living in the golden age of the internet, the old-fashioned ways of money transfer have been overshadowed by online money transfer services. Gone are the days when people had to wait so long for money to receive. Now, it takes only a few seconds to transfer money online from one location to another. There are various different ways to send money online; let us compare the best and the most popular ways of international money transfer online.
Online banking is one of the most reliable ways to send money online. To utilize this option, you must have an account with the bank you want to use for sending money online. Then, you can send money to any person having an account with the same bank or others. The best thing about this option is its rapidity; money can be sent and receive in minutes. No doubt, it is one of the safest ways to transfer an amount of money, but bear in mind its expenses.
Prepaid Debit Cards
Prepaid debit cards are the most frequent and the fastest way of international money transferonline. These cards have simplified the lives all around the world. They are easy to use, quick in process and inexpensive. The major disadvantage of this service is that sometimes it becomes tough to recover lost funds due to fast transaction.
WesternUnion offers the best reliability and hundred percent protection of money. This website is used everywhere under the sun for online money transaction due to its smart packages. But, it is not used as frequently as many other popular ways of international money transfer online due to high charges.
PayPal is trusted all over the world to send money online. Especially, it has got popularity among online business-parties. The reason behind its frequent use is the low charges, accessibility and well-maintenance. But, you must be careful about frauds if you use this platform for money transaction on regular bases.
Money Booker is as popular and accessible as PayPal in online world. It has rather lower rates than PayPal and other expensive ways to send money online. Money Booker offers some additional features also such as SMS and faxes on additional fees. It has got popularity in a very short period of time, especially, in European countries.
Every way to send money online has its positive and negative aspects. In a nut shell, all the methods have boosted up the virtual money circulation on the internet. All of them are used and selected by the people according to their needs and budgets.