Money is the fundamental piece that moves the world, and the internet allows us to buy products from the comfort of our homes. However, when we have to make an international transfer, we find ourselves with one of the biggest problems: “the commissions are too high, and the waiting time is very long.”
This problem with international transfers has affected thousands of freelancers worldwide and many families who want to send money to their loved ones in another country.
We have decided to end this uncomfortable situation and give you seven ways to make international money transfers anywhere.
Are you ready? Then we recommend you pay attention and take notes if you find interesting data in this article.
Why are International Money Transfer Services essential?
The internet has been a tool that has brought the whole world together digitally, making it much easier to buy products from other countries, and economies have become much more dynamic. Here is where international money transfer services are important because, without them, no one would be able to buy products or make transfers to their relatives.
International Money Transfers allow people from developing countries to have their savings in more stable currencies than in their own countries. In addition, these platforms help the personal economic growth of all the people who use them.
On the other hand, when we talk about international bank transfers, we usually think of transfers with a high cost, even with a price higher than the value of the transfer. That is why international money transfer services are so crucial because they allow you to make immediate transfers in different currencies with a minimal fee.
7 International Money Transfer Services you should know about
Do you want to make a transfer in minutes with a few commissions? We all want the same thing. However, you have to be careful of some platforms that offer international money transfer services because many can be scams or do not give guarantees when being scammed by p2p foreign exchange markets.
That is why we have made a selection of the best seven international money transfer services platforms on the market, and we will present them to you below:
- Wise (Transfer Wise): Wise is one of the most chosen platforms worldwide by users who want to make international transfers with almost zero commission. In addition, it is a platform that offers currency exchange rates at an actual price and without surcharges.
- OFX: Unlike other international transfer platforms, OFX does not charge transfer fees but does charge a small fee for each currency conversion. However, it is one of the best options to make this type of transfer (they do not accept debit card payments)
- WesternUnion: This company has been around for over two centuries, making it one of the most trusted organizations you will find. Despite its high transfer rates and currency conversion fees, Western Union offers many ways to send currency from the comfort of your home to other countries in no time.
- Xoom: This service is purchased with Paypal, which is focused on supporting secure international fund transfers.
- Paypal: This platform is one of the best known worldwide for its ease of making payments to other people with a PayPal account or companies with PayPal as a payment method.
- Xe: Like the other platforms, Xe is in charge of offering competitive international transfers to its users to transfer large amounts of money. However, you can also use it for small transfers in complete safety and with a waiting time of approximately one day.
- Revolut: More than a service to send money internationally, Revolut is a fintech company that allows its users to open an electronic bank account in different currencies and obtain a globally accepted debit card. In addition, it provides bank transfers from revolution to bank accounts throughout the European Union or the USA.
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