Pakistan is one of the top remittance recipients in the world. Did you ever know what it is? Pakistan is on the fifth place with more than 19 billion remittances. It means a massive number of people are sending transactions to Pakistan. When every Pakistan migrant talks about sending money through an efficient way, and they send money to Pakistan in huge. Pakistan received $19,665 million in remittances, in 2019, 70% of which came from the Gulf Cooperation Council corridor. Saudi Arabia, the United Arab Emirates, and the United Kingdom are the top source countries in remittances to Pakistan.
In this article, you will find the most reliable way to send money online overall the world, that is not only that you will find out which is the most economical fee to the Transaction.
What is the Low Cost and Easy Way of Online Money Transfer Process?
As you read to find the lowest cost way to money transfer to Pakistan, here it is. Sending money internationally through online is the lowest-cost way. Only you have to pay to post an online to your recipient. Your recipient can pick it up or deposit into their account. Now there is one more thing to follow up. Although it is the most comfortable and cheapest way to send it is so risky. It is evident when you are sending money to your recipient or loved ones; it is significant. First, this method is not very much used but still in practice. Second, if people are sending how they handle? Some tips are, never write something on the posting envelope that indicates there is an online in it.
Can You Send Money to Pakistan Through a Reliable Money Transfer Company?
- Your government-issued photo I.D.
- The card number if using a debit or credit card for transferring your funds
- The full name of the recipient as it appears on their official documents
- The recipient’s address and phone number
- If you want to send money to Pakistan online directly to the recipient’s account, you’ll need to provide their account name, bank, branch, and swift code or routing number.
Are Money transfer services Available at Economical Charges?
Online Money transfer is a cheaper way than a traditional method. It becomes a trend to through a money transfer service. Let’s have a look at it. Money transfer service has minimal economical price to send money to Pakistan. You get the highest exchange rate on any currency pair by them. Only you have to pay for the Transaction through which the deductions for the transaction charges and exchange rate deducted. Select a trustworthy money transfer service with the lowest fee among all. Exchange rate ensures you are going to transfer the maximum of your money to your recipient. Many amounts of money transfer services facilitate you to send money in different ways. These methods mostly include cash pick up and bank transfer.
Not only that you are allowed to pay through different ways to send money to Pakistan, methods mostly include credit card and debit card. Most famous ones also offer online bank transfer. Once you set up the account, you can find it in several ways, including in store cash deposit, bank transfer, and credit or debit card. How to transfer the money largely depends on your preferences? You can send straight from the providers’ websites, use a best online money transfer app, walk to physical stores and send from there, or begin the process online and complete it in a store of your choice.
How to Make A Transaction Through Different Service Providers?
- Setup or create an account on the service providers’ website.
- Choose your recipient country to online money transfer
- Enter amount to send to your recipient
- From the Payout calculator, select payout option, i.e. Bank or Cash, which is preferred by you.
- Select Payout Partner offered by the money transfer service
- Enter Beneficiary Info; it must be proper
- Choose Payment Method (Debit Card/Credit Card/Online Bank Transfer)
- Confirm the details, and add the payment sending reason
- Send money online by validating the details
What to Do After Making Your Transaction?
- After making a transaction, you receive an email that confirms some essential aspects of your Transaction.
- You can track your Transaction. The email contains a transaction code that helps you to monitoring transaction. Go to the service provider website, find a place to track your Transaction. When you find it, place that transaction code into the given search bar. You will know about your Transaction.
- You will inform when your recipient picks up the cash or money delivered in their account.
Can You have Instant and Friendly Money Transfer Customer Support?
Customer service is a primary concern for a sender. Transferring money services offer 24/7 customer service in many ways. A customer or sender can have customer support as they want. Typically, customer service includes email, live chat and call option. These options are instant, and you can avail it while sitting at home.
Finding out the ways to online money transfer to Pakistan and the low-cost one. Mainly three ways discussed to send money. Online is the lowest cost way to send money. But it comes with massive risk if your account gets lost or misplaced, there is no way of getting it back. Next comes to bank and money transfer service. Bank charges a high fee and charges at both ends to send money to Pakistan. But an authentic online money transfers service costs less and on one side. Traditional money transfer services do not offer a higher exchange rate, but an online money transfer service does.