The most mutual equipment in the age of fast-paced information technology is an easy and convenient mode of money transfer called “international money transfers”. Many settlers all over the world from Pakistan need a medium to transfer money to their home country through suitable and steady money transfer services. Mostly, new emigrants often do not know why they should use this method of online money transfer, the questions remain in their minds that is there more to this speedy service that meets the eye? Is there any other medium they can be used to transfer their money back to Pakistan? Therefore, if you are someone who wants to send money to Pakistan online then there are things you need to check before opting for any online money transfer service.
An online transfer requires two things to be completed – what you have and what you know. ‘What you have is a debit/credit card or card details, internet banking credentials, etc. and ‘what you know is what only you should know, like password, OTP, PIN, CVV, 3D secure PIN, etc. Those IMT (International Money Transfer) solutions are innocuous, self-assured, and unwavering as compared to banks. Many money transfer businesses such as ACE Money Transfer have been building their reputations and keeping up their rapport with their customers. Such websites even allow you to send money to Pakistan and other south Asian countries.
How To Be Cautious Before Online Money Transfer?
Scheme or fraud is a comprehensive multimillion buck consortium trying to outsmart the formal system. Hence we need to stay ahead of the game and keep a few things in mind while making payments online.
1. Check if it’s secure
In this day and age, small independent money transfer businesses can send large amounts of remittances without the need for banks. A money transfer solution through an online medium has to be safe and dependable.
While using such websites you must check for an HTTPS ahead of the web address, or a lock icon, certifying that the website is SSL secured. Security certifications are also mentioned at the bottom of the home page. You should check if their main helpline is working and the best solution is to look for people such as friends, families, and co-workers, etc. who have already opted for a safe and dependable way to send money to Pakistan online.
- Keep a track of your financial statements:
If you use the Internet regularly to pay bills or shop online, keep track of your expenses through the bank or card statement. If there are suspicious transfers that you may not have initiated, inform your bank/card issuer immediately.
- It needs to be prompt, relaxed, and suitable
Any online money transfer service needs to be able to send your money on time. Many services ask for more fees in case of special holidays, but the important thing to keep in mind is that the money you are wiring to your loved ones should reach them on time. Therefore, opt for an online money transfer service that will make sure your money is wired fast to your family and friends despite holidays and a relatively high fee.
- Avoid public Wi-Fi networks:
Public Wi-Fi networks are now targeted by fraudsters to pull customer information. Unless necessary, try avoiding public Wi-Fi connections. Today, fraudsters are not sparing a chance to even drain mobile batteries by juice jacking; data is even easier to steal. Similarly, avoid using public desktops as your information may not be secure.