Daily BulletinDaily Bulletin

Money

  • Written by News Company


Simple tips to cut costs on online transactions 

1. Don’t Pay With Credit Card

Most banks charge additional amounts for processing credit cards.

2. Double-Check Exchange Rates

Be careful with “free transfers”, which can hide the fees in biased exchange rates.

3. Research The Best Available Option

The cheapest platforms at the moment change constantly and with how easy it is nowadays to send money online it’s worth checking once in a while how much the same transfer would cost at a different service provider.

Below you can find few of the more popular money transfer platforms. Remember to read some reviews and check other customers’ experience before choosing your transfer option to avoid problematic platforms or high fees.

Various International Money Transfer Platforms

1. Western Union

As Western Union operates in almost every country you’ve most likely come across their facilities or kiosk in your city. They offer international cash payments and pickups from their facilities, as well as regular online transfers. You can also combine these methods and order the payment online for your recipient to collect the cash physically.

2. WorldRemit

Based on this WorldRemit Review one of the most notable features that customers enjoy is their mobile app, which receives high ratings by the users and lets you order payments on the go. On top of the well-designed and easy to use platform, the fees and exchange rates are also quite good.

3. TransferGo

The margin on exchange rates of TransferGo are set at around 0% to 2.2%, depending on the amount you want to send, which makes it worth considering for bigger payments. You can read TransferGo review to learn more about their fees and how to send money internationally with TransferGo. Their main focus is put on Europe, where they offer the best rates. However, you can also send money to other countries like the USA.

4. MoneyGram

Based on this MoneyGram review one has to take into consideration rather pricey services. While there might be cheaper online alternatives, they are an experienced company which has a well-established international transfer network. Therefore, you can send money to any place in the world and even set up cash pickups in their local facilities. Best prices are for USA transfers.

5. Remitly

Remitly goal is simple - fast and cheap transfers. They take it quite seriously, as the platform is ready to refund the transfer costs if they don’t deliver it on time. You can learn more about this feature and their fees in general in this full article Remitly review.

Fees Breakdown and Source

The aforementioned information and fees & exchange rates data come from money transfer costs comparison platform Wirly.com, which gathers and processes remittance prices and lets its users find the best transfer methods for international payments.


However, as the market is constantly changing one has to take into the consideration that the current best transfer platform can change any hour, depending on the exchange rates and other factors. Therefore, it’s best to check the cheapest available service once in a while before making a transaction to make sure you get the best remittance price. You can use transfer compare services to do so.

Federal departments had no specific COVID plan for aged care: royal commission counsel

arrow_forward

Australia's politicians have learned that in the era of coronavirus, the future comes at you fast

arrow_forward

5 Reasons to Choose Pipe Relining

arrow_forward

The Conversation
INTERWEBS DIGITAL AGENCY

Politics

Did BLM Really Change the US Police Work?

The Black Lives Matter (BLM) movement has proven that the power of the state rests in the hands of the people it governs. Following the death of 46-year-old black American George Floyd in a case of ...

a Guest Writer - avatar a Guest Writer

Scott Morrison: the right man at the right time

Australia is not at war with another nation or ideology in August 2020 but the nation is in conflict. There are serious threats from China and there are many challenges flowing from the pandemic tha...

Greg Rogers - avatar Greg Rogers

Prime Minister National Cabinet Statement

The National Cabinet met today to discuss Australia’s COVID-19 response, the Victoria outbreak, easing restrictions, helping Australians prepare to go back to work in a COVID-safe environment an...

Scott Morrison - avatar Scott Morrison

Business News

5 Reasons to Choose Pipe Relining

There’s nothing like a damaged pipe to stress you out and keep you up throughout the night. Depending on the extent of the damage, a pipe repair can be a complicated and time-consuming process. ...

News Company - avatar News Company

Reinventing The Outside Of Your Office

Efficient work is a priority in most offices. You need a comfortable interior that is functional too. The exterior also affects morale. Big companies have an amazing exterior like university ca...

News Company - avatar News Company

Kaspersky and Ferrari partnership: tailoring cybersecurity for an iconic brand

Kaspersky is commemorating the 10 year anniversary of its strategic partnership with iconic, global brand - Ferrari. The cybersecurity company is a sponsor of the brand’s Formula One racing team...

News Company - avatar News Company



News Company Media Core

Content & Technology Connecting Global Audiences

More Information - Less Opinion