Every day, millions of dollars are transferred from one continent to another! These transactions are in high volume between destinations like Latin America, Africa, and Asia. A recent study revealed that migrants transferred nearly 400 billion USD in a single year. This amount is likely to increase in the upcoming days. For centuries, people who work in foreign countries have always found a way of sending and receiving funds to their dear ones. Fortunately, the procedure for sending money has become easier with online tools. In this post, you will read about a few common online platforms for sending money across the world.
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PayPal is the brainchild of eBay. This company was founded in the year 1998. The primary goal of this solution was to help Palm Pilot clients, who wish to transfer funds. Today, the company has branched around the world. It has helped people send and receive money without any hassles or tussles. All that you need to engage in a money transfer would be the recipient’s contact number of email addresses.
Western Union is one of the world’s oldest platforms for money transfer. The institution began in the 1850s. It kick-started as a telegraph company. Even today, the company is known around the world for its “flawless” money transfer protocols. You can use Western Union to transfer money through different means, including online banks, mobile phones, telephone, and through their site. Today, you have a mobile wallet to help you send and receive money through your smart devices.
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#3 Amazon Pay
If you are running an e-Commerce website, you will need the assistance of Amazon Payments. This is a well-established online payment gateway. The solution is quite similar to PayPal. You can use Amazon Payments to handle the transfer of funds without having to enter any shipping or payment details. Everything required is stored safely in your Amazon account.
One of the newest, and most efficient services for fund transfer in the USA would be the Google Wallet. You can use Gmail to send and receive money using Google Wallet. Any money that you transfer will be credited to the Google Wallet. This money can be withdrawn using the Wallet Card, or you can choose to withdraw from the ATM.
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Hyperwallet was founded in the 2000s. This is a Canadian Company that has branched its services into the USA! You can use this tool for completing mass business payments, foreign exchange and airtime money transfers too.