People who lived a few centuries ago, faced not only difficult circumstances to search for food, but also in other areas of survival. With time, the organizations developed and worked for the betterment of the society, collectively.
A few examples of these organizations are communication services, online money transfer service providers, food points, health, and pharmaceutical industry. If you want to send money to Pakistan, consider a reliable money transfer company.
The digital transfer of money is the processed end product of money transfer that has happened overages. Money transfer organizations are getting huge popularity.
Their increased usage has contributed to the global economy. The growth can be estimated by the growth rate, i.e. 10 to 12% annually.
What are the Basics of Money Transfer?
Money transfer can be cash in hand service or a transfer to bank account service. The charges and exchange rates vary accordingly.
Exchange rates differ in just seconds whereas the charges or fees vary according to the country where the money has to be sent and the amount of the money to be sent.
The key point to make a successful and economic transfer is to make sure the website or application in use is secure. The security policy should be readout.
Sometimes, thorough searching for an online transfer website or application can save you from frauds and scams. The public places are prone to steal your private information as the open internet connection is accessible to the providers.
Just in case, the stolen information can be used for illegal purposes.
How to Send Money Online?
Many organizations have opted for the business of online money transfer services. The selection is due to the public response towards the already working money transfer organizations. Few most popular ones to send money online are discussed below:
Money Gram an Online Remittance Company
MoneyGram is an online money transfer operator working in more than 200 countries.
- For a money transfer to Pakistan through MoneyGram, select the option of “Start Sending Now”.
- Sign up and make an account.
- Give the receiver’s address, identity and the amount of sending money.
- In the final step, enter the payment details regarding the credit card, debit card or bank account.
- One can also choose to go to an authorized agent to use the MoneyGram service.
- For this purpose, the major use relies on the location search of the agent.
- When you visit the agent, you have to fill a form.
- After completing the requirements, the receipt and a reference number are issued.
- The receiver uses this number to receive the money.
- The transfers are usually done in minutes to hours.
- Although it very much depends on the working hours.
ACE Money Transfer | The Best Online Money Transfer Company
ACE Money Transfer is based in Manchester, UK. It is a service through which easy money transfer can be done in seconds to minutes.
- The new users will have to create an account.
- The older ones need to log in.
- Complete your account information regarding personal data, identity data, and residency data.
- Select the country you need to send the money.
- For example, to send money to Pakistan online, you have to select Pakistan and enter the amount to be sent.
- Many banks in Pakistan support this service like BOP, MCB, Bank Alfalah, and Meezan Bank.
- Choose the receiver and enter his details and send money through a bank account or credit card or debit card.
- ACE Money transfer provides various promotional offers from time to time.
- Lucky draws and discounts are examples.
Azimo’s main office is in London. It is an online money transfer service.
- It also operates by making an account on Azimo.
- Cash pickup services are available at almost 300000 locations.
- The money transfers usually take almost a day.
- The promotional offer gives a chance of free first two transactions.
- They do not charge a fee for these transfers and make sure the customers are satisfied with the service.
Google Pay is an online way for secure transfers.
- To start with Google Pay, Log in to your Gmail account and choose the payment method.
- Next, enter the credit and debit card details and follow the further process.
- Google Pay allows you to send the money as well as to pay online.
Zelle is a US organization and works for US banks. It works both by mobile banking application and Zelle application in the play store.
- For a successful money transfer, Login to your Zelle account.
- Select the recipient by email address information or the phone number of the recipient.
- Choose the sending amount and select “confirm”. The process is complete.
TransferWise has been working for almost nine years. Authorities regulate the TransferWise.
- The customer cloud is increasing day by day for TransferWise.
- The reason for the popularity is the use of mid exchange rates.
- No hidden charges are always desirable.
- It makes the money worth, and the customer relies on the use of service for next time usage.
- The customer care is available in various languages to cross the language barrier, globally.
- Also, debit cards are free for TransferWise users.
PayPal has initiated service of online money transfer named Xoom.
- To use Xoom, you will need to create an account.
- After the registration process, you have to select the country of the receiver.
- You can also estimate the receiving amount from the website.
- Click the “send now” option. In the next step, review the amount and choose “continue”.
- The bank deposit or cash pickup services are available.
- In the next stages of the process, you have to fill up the personal data.
- Xoom does not support frauds, and hence the verification by the anti-fraud system has been done.
The money transfer organizations provide better exchange rates and low fees for international transfers. For example, the time taken to send money online to Pakistan by banks is very long while the online transfer applications do so in just minutes.
Mostly they take five to fifteen minutes by the use of credit cards or debit cards. To ensure the reliability of a service is the responsibility of the customer.
This is because fraud cases are increasing day by day. Reviews on the websites and search engines help a lot in selecting a secure organization.