Everything You Should Know About Sending Money Online.

Sending money globally helps people at different points in the world to do business together. Gone are the days when people had to settle for banks whenever money had to be sent overseas for business or just for social purposes. To note is that banks cannot be open all through the day or night and in order to send money through them you ought to wait until they are back in business. With online money transfers you can transact any time. You do not just have to use the channels when doing the transfers across continents because they also work when the person is near you. Paypal is the leading global money transfer network. It is one of the oldest money transfer systems and its reliability has attracted a lot of people. This network allows people to make transfers of as much as $10,000 to more than 190 countries. You only pay 2.9% of the total amount you are sending and those who use debit cards or even credit cards will only be charged 30 cents. The network supports about twenty currencies which means every major currency in the world is covered.

Another major way to send money online is through Venmo. You can send the money through the other party’s phone number or just the email. You will not be charged anything if the link your bank account but be ready to pay a 3 percent fee for using a debit card or credit card. Google is one of those companies everyone interacts with on a daily basis. Now you can take advantage of Google Wallet in sending and receiving money. Anyone who has a Google account can take advantage of this method and creating a Google account is not complicated. You will not be paying anything for the services when you link your Google account to the bank account and for debit card transactions there is a 2.9% fee.

You can use Square Cash in sending money even when the recipient hasn’t created such an account yet. You only have to link their email address to your cards. Only those who are using the business version will be paying when they transact the fee is quite low at 3%. Facebook is one of the most popular social sites and it only makes sense that Facebook Messenger can be used in transferring money and you won’t have to close the chat either. You just have to link a U.S bank account to the app and you will be able to make transactions. You can click here to learn more about this process.

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