The world is a global village. We have become so dependent on each other, and the way we transfer money has changed as well. Gone are the days of mailing money or carrying cash to pay for something across borders.
Nowadays, international money transfers happen instantly through a variety of different services offered by companies like Western Union and MoneyGram.
In this article, we will be discussing four top money transfer services that people can use in 2021 to make their lives easier when making an international payment.
PayPal is a money transfer service that provides an easy and convenient method of transferring funds via the Internet. It allows users to send and receive payments for online auctions, purchases, business transactions, and more.
The popular money transfer service has been around since 1998 and today has more than 193 million active accounts. PayPal’s headquarters are located in San Jose, California.
The company offers many different methods of payment such as credit cards (Visa®, MasterCard®, American Express®), debit cards, bank account transfers.
This makes it easier for people all over the world to pay with them because they don’t have to deal with cash or take out loans from their banks.
This is a money transfer service that has been around since 2011. It was founded in London, England and now also has an office located there as well as one in Singapore.
Since its inception, it quickly became popular for being cheap but reliable. Transferwise offers good exchange rates with only 0% commission fees on all international transfers from various different countries such as Australia, Canada, the United States of America, Ireland, New Zealand, and the United Kingdom among others.
In order to use this money wire transfer service, you have to be 18 years or older with a valid bank account attached to your name where you will receive the funds sent through them.
What is Xoom? Xoom is a service that was founded in 2001 and has since then become very popular.
It offers the opportunity for people to transfer money internationally through their website or mobile app. Xoom’s headquarters are located in San Francisco, California.
The company prides itself on being able to give its clients competitive exchange rates with only 0% commission fees as well as free wire transfers within 24 hours (and sometimes even less).
4. Western Union:
Western Union is a money transfer service that has been around since 1851. It was founded by Henry Wells and William Fargo in New York, United States of America.
Today it has more than 500,000 agent locations all over the world with headquarters located in Denver, Colorado.
This makes it easier for people to send or receive payments worldwide. The popular company offers many different methods of payment such as credit cards (Visa®, MasterCard®, American Express®), debit cards, bank account transfers.
Use These Money Transfer Services Today
As you can see, there are so many different money transfer services to choose from. To learn more about this subject, continue reading this blog for more information.