December 6, 2019
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  • 11:50 am Future belongs to Secure and Digital Money Transfer Services
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  • 11:38 am Is Digital Remittance the Ultimate Future?
  • 11:27 am How to Assess Your Online Money Transfer Options?

International money transfer is a long and complex process. On top of everything, it is also expensive because the transfer fee and exchange rate need to be kept in mind when thinking about sending money overseas. And when someone gets scammed by online money transfer service providers, the loss and the agony is unreal.

Your money is precious to you. Therefore, avoid hasty decisions and ensure that the right service provider is chosen to send the money. There are many ways through which one can send money to Pakistan, however, care and caution are important so that any fraud or scam can be avoided at all costs. Here are some of the tips that can help avoid scams that are involved in international money transfer:

Lotteries And Prizes:

This is the most common type of scam related to international money transfer. People receive calls and are told that they have won a handsome amount of money because of a lottery or as a prize. This way the innocent people are lured in. The scammer then asks them to send some amount of money so that they can claim the prize. The people fall prey to their trap and lose all their money. In order to avoid such scams, ensure that any such call or email received is from verified sources. Do not send money unless and until you are a hundred percent certain that the call is authentic.

Online Purchases:

Another common scam related to international money transfer has to do with online purchases. There are a number of fake sites and social media pages online that sell products. The products look very attractive in the pictures and people are compelled to send money to Nepal to purchase them. However, after the money is sent, the product received is either low quality or no product is received at all. It is essential to always look for verified websites for online purchases. The best practice to avoid this scam is to look for websites of the brands themselves rather than buying from third party sites.

Fake Service Providers:

There are many other needs and occasions for which one has to send money abroad. Taking advantage of this fact, there are many service providers that claim to be authentic but in reality, they are nothing but scammers. They take your money and claim to send it to the destination. However, in reality, the money is never received at the destination. When asked about the transaction, they lie or say that the bank should be contacted. Therefore, it is essential to the only trust verified and professional money transfer service providers like ACE money transfer for this purpose.

International money transfer is a huge responsibility. The choice of a medium to carry out the transaction for you must be well thought of. It is essential to choose a channel that is efficient, authentic and verified and budget-friendly as well. Avoid making hasty decisions and take your time to think and choose the right way to do so.

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