In this fast-paced world of globalization, sending or transferring money to family, friends, or even a business, is become a pretty easy method because of online services and numerous net banking applications, which is beneficial for those who transfer money internationally.
Unfortunately, the associated time and costs it takes to send money to the recipient can vary widely. To make payments an individual’s efficient many companies are coming forward with innovative solutions. That’s why we explored and put together the best service providers to send money from one end of the world to another.
TransferWise or Wise is a London-based private financial technology company that is relatively providing new services for receiving and sending money overseas. Transferwise was established in the year January 2011 and located in London, United Kingdom, by two extremely talented people Taavet Hinrikus and Estonians Kristo Käärmann.
In February 2021, TransferWise decided to rebrand its name to Wise. Wise started providing their services to so many countries and continues inviting more countries to join Wise’s services with actual exchange rates. They provide the fastest services to send or receive the money within a couple of days.
Benefits of Transfer
- Completely safe and secured platform
- Eight times cheaper than a regular high-street bank
- Can transfer online with convenience
- Wise directly sends money to the recipient’s bank account.
- Suitable for both personal use and business
- It supports 750 currency routes, includes USD, CAD, GBP, AUD, and EUR.
Paypal is an American-based company that operates an online payment method in most of the countries that support the digital transformation of payments means online payment and electronic alternative at the same time such as money orders and checks.
Paypal was established in the year December 1998. The headquarters was located in Califonia and Nebraska in the United States, which is founded by Ken Howery, Elon Musk, Yu Pan, Luke Nosek, Peter Thiel, and Max Levchin. Paypal provides services to well-known countries like China, Japan, India, Israel & Palestinian Territories, Crimea, Srilanka, Turkey, and Pakistan.
Benefits of Paypal
- Allows to send money globally
- Credit card security
- Online Auctions
- Free of cost with no membership fees
- PayPal sponsors a special discount.
Western Union is an American-based communication and financial service company that allows individuals to receive and send money from one place to another. It also provides such as business payments, money orders, and commercial services. Western Union offers Candygrams, Cablegrams, Melodygrams, and Dollygrams.
Western Union was established in the year 1851, and the headquarter was located in Colorado, United States, which is founded by outstanding American businessman Ezra Cornell. To send money or to receive western union provides two different options: visiting a physical store and visiting the website.
Benefits of Western Union
- Fastest money picks up option or Make receiving money easy for loved ones.
- Easy repeat transfers
- Transparent Fees
- Universal acceptance
- Financing overseas investments
Here are the top three net-banking services provider which is known for their trustworthy work. As timing plays a crucial role in this modern world, transferring and receiving money has become an important part of everyone’s life, but choosing the right means to transfer money is very important. That’s why we maintained the top three demanded, popular, and safer sites for net banking work globally.