Money, money, and more money!
When transferring money from one country to another there is a loss in the transfer process which includes the exchange rate costs and the transaction charges. So, try to give much attention my dear!
The common way to send money is by means of wire transfer. It is a method of sending money from one person/institution to another. This transfer can be made from one bank account to another; through a transfer of cash at a cash office or on the respective websites of the payment service providers. Given all of the choices mentioned, most people like myself will use the last method of sending money just to save time whenever our family (recipient) needs it most. Would you agree?
There are a few money transfer institutions today such as the competent/ageless Money Gram; the 24-hour or less Western Union; the reliable XOOM and the reasonable LCC Trans-Sending Ltd. etc.
The Money Gram was advertised in the market even before the invention of computers and the discovery of the Internet. It is still used by many people all over the world because banks and cash offices can provide a service both for the sender and the recipient. It has 347,000 agents in 200 countries and is as a global leader in wire transfer.
Western Union is stereotypically called in some Asian countries as MTCN because of its 10-digit Money Transfer Control Number. Can you get it now? The use of their service means paying for the transfer fees which vary based on the sender and receiver's location, type of transfer, and whether the money is sent from a counter location or by the website. Aside from that, their service offers the lowest transaction fee if you use their own obscure/puzzling methods which takes up to 7 days before your recipient will receive the funds. I did it many times and was worth it. However, if and when you'll make a tiny error like I did in the past, the reversion of your money takes ages.
Xoom Corporation is known for offering a fast, affordable and convenient way to securely send money, pay bills and reload phones through a mobile app, as well as a desktop and mobile site to 33 countries in the world. In connection to this, the recipient can receive the money in three ways such as Cash Pickup with their well known partners, trusted banks and retailers; Bank Deposit with their well-known and trusted Banks too so you can quickly and easily deposit money into your recipient’s bank account or the relaxing Home Delivery which will be handed over by Xoom partners trusted and safe home delivery couriers to your loved-ones in the Philippines, and the Dominican Republic.
The LCC Trans-Sending Ltd. or also known as Small World FS is another payment service provider started in 2002. Its fast and inexpensive way to send and receive money anywhere in the world makes the world leader in international money transfers. Yes, anywhere in the world with the use of their secure payment options. It includes the usual cash pick-up; the convenient account transfer; the digitally accessible mobile top-up & mobile wallet and the frequently use home delivery.
We can choose whatever type of payment service provider we would like to use that suits our purpose most. Once chosen, we should be aware of how to protect ourselves from the many fiddles as it is not just the transaction fee that matters most. Without adequate security you could loose the lot and your bill fold will no longer remain fat!
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