Online methods for transferring funds have made things more straightforward and hassle-free for overseas Pakistanis. Whether one wants to send money to Pakistan, or another company, online methods are way easier than ever.
The digital revolution has made life easier for people around the world. Jobs that required considerable workforce and time can now be done with a few clicks.
The remittance sector has also changed with the advent of technology. One of the big problems that technology has solved is the movement of funds from one account to another. Old fashioned ways of transferring funds are time-consuming and require you to visit the office or agency.
A number of methods are used for transferring money online. This is based on a delayed settlement and is used to transfer funds from one account to another. Although different companies have a certain fee, so you can choose which one is suitable for you.
What Are the Common Steps to Send Money to A Beneficiary?
Follow the steps below to send money. You should be registered for your online services so that the money transfer process is easier for you.
· Phase 1- Login to the online portal of your money transfer company using your user ID and password.
· Step 2- You are now required to add a beneficiary that would be the person to whose account you wish to send the money. To add a beneficiary, you need the name of the individual as per the receiver’s bank account or through a cash pickup service. When you do this, your service provider will check the data and add the beneficiary.
· Step 3- As soon as the beneficiary is added, you will move the funds to the receiver. Enter the amount you wish to send.
How A Transaction Code Helps Receive Money Easily?
You will get a transaction code upon sending money through cash pickup. Send it to the receiver. Upon confirmation, the amount will be credited to the individual within the promised time.
Before you send money to Pakistan online, you need to make sure that your money transfer company is allowed to send it to your destined country. You will need to be registered to use your Internet money transfer services. To transfer funds, always connect to your online portal by entering the username/customer ID and password.
How Can Funds Transfer Be Done Through the bank?
You are now expected to add the beneficiary for which you will need the name of the person, the bank account number. When you enter and send these important details, the beneficiary will be added. As soon as the beneficiary is successfully added, you can move the funds.
Just go to the ‘Fund Transfer’ section of your portal, select the recipient and enter the amount. Send it.
The balance will be credited to the beneficiary’s account immediately through your money transfer company. This can be done with a few clicks, and you do not have to worry about going to a nearby money transfer firm.
After all, online money transfer is for the ease of people, especially those who are overseas and earning money through different legal sources.
Why is it considered a blessing?
Online money transfer is a blessing, and there is no doubt about that. Whether you need money transfer to Pakistan, or any other country, it is making life easier for a lot of people. People who use this more often are in full praise of this service.
It helps people to transfer money to their families who are living away from them. These bread earners live away from their loved ones and earn money. And then, to transfer this hard-earned money to their homes, they opt for online money transfer services.
How It Enables One to Transfer Money Conveniently?
The opportunity and option that enables one to transfer money at one’s convenience through a simple process. It is only a click away, and is no doubt extremely reliable and suitable. If you are a person with a fully packed routine and schedule, online money transfer to Pakistan should be your choice.
It also knows that this service is accurate and efficient. These pros and advantages are helping online money transfer service systems to gain popularity globally, and this popularity is increasing day by day.
But cunning people who are always looking for an opportunity to deceive people and take an advantage out of them also use this service to trap innocent people and get money or financial benefit out of them.
How to Save Yourself from A Scam?
A bit of precaution and looking out can protect you from such scams. I will share how I got scammed and learned a lesson for life:
I once received a call from an unknown number. The man who called me claimed to be speaking from some kind of online company, and they got my information through some sources. They asked me if I had ever transferred money through an online money transfer service.
I often transfer money online. So, I replied, yes. The man told me that now I was registered in a lucky draw that will happen next week, and I will be informed about the results soon. I took it as a prank call and soon forgot about it.
Next week I received a call from the same man, and he told me that I won the lucky draw and I have won a costly and latest model of a top-selling mobile company.
A Story of A Person Who Relied on An Unknown Number
To claim the prize, I have to pay some thousand bucks, and I have to pay this money through an online money transfer service. I will get the money back with the mobile. I have to transfer that money just to claim that price and to prove that I am authentic.
This never happened to me before. I thought that it would be a genuine platform and offer. So, I transferred money to the given id.
Now, after the money was transferred, I got the call from the same man within 24 hours, and he told me that he had received the money and will get back to me with the details of the price and how will I receive it in a few days.
I waited for days but never got any call back from them. When I tried to call that man, I got to know that the number has blocked me, and I have been scammed.
Obviously, I faced a financial loss, but I learned a lesson for life. So now, I am more careful, and I look out for such deceiving people.