money online

10 Easy ways to send money online

These days, all the action happens online, including sending and receiving money. Sending money online is a simple and fast way to make transactions, especially if you use these 10 easy ways to send money online:

1. MoneyGram

MoneyGram is a great choice for fast transfers, and you can use it in 200 countries at least. Transfers to bank accounts take one business day or a few hours, and you can make them online or on your phone. Fees aren’t that small, but they’re tolerable, and the same goes for exchange rates. Their biggest competitor is WesternUnion.

2. WesternUnion

This is the largest money transfer company in the world, and it offers a wide range of options. You can use their mobile app or their website as one of the easy ways to send money online, and it won’t cost you much. If you choose a cheaper option though, it might take a few business days before your money is sent. For a faster transfer, you can choose from the pricier options. Send money from the agent location near you using cash or use your credit card, bank account, or debit card. WesternUnion covers half a million different locations across the world and more, so you’ll probably be able to use it regardless of the location.

3. PayPal

One of the best easy ways to send money online is PayPal. Use your PayPal balance or bank account funds to send money. You can pay with a debit card or a credit card, and the fee is 2,9% of the amount you send plus 30 cents. Bank account transfers, on the other hand, are entirely free. There is a limit, and you can’t send more than $10,000 per transfer, but if you’re going to send that much money it’s better to do that through a bank anyway.

4. Bank wire transfer

You can send money online through your bank, and a wire transfer might even be the best idea if you’re sending a big amount and want it to be sent quickly. The costs vary from bank to bank, but it’s likely that you’ll have to pay around $25 for each transfer.

5. Wise

You’ve probably heard about TransferWise, and this platform is now called simply Wise. Their mobile and online money transfer platform are one of the easy ways to send money online. You can sign up with your Facebook, Google, or Apple account if you prefer. You’ll be able to easily cancel transfers and save all previous recipient’s details. Most of the time, the transfer will cost you just a dollar, and less than 1% per transaction.

10 Easy ways to send money online6. OFX

What makes OFX different from all the other easy ways to send money online is the fact that they don’t charge any fees, regardless of how much money you are sending. It also allows you to target future exchange rates, which means that your money will be sent once the exchange rate you’ve set is reached. The minimum amount for each transfer is $1000 and it usually takes a few days until the money is sent.

7. Xoom

Xoom is a PayPal service that offers fast transfers. Most transfers arrive in minutes, and you can use your credit card, debit card, or bank account. You can send up to $10,000 or $25,000 depending on the country, and Xoom covers more than 70 countries. Fees vary, but they can be high if you use a credit card or a debit card.

8. Google Pay

An easy way to send money online using an email address or a phone number is Google Pay. You can send up to $10,000 each time you transfer money and fund transfers with debit cards and bank accounts.

9. Zelle

Another fast way to transfer money is Zelle. Money is delivered between bank accounts in a matter of minutes, and a lot of bank’s mobile apps include Zelle, so you might already have it on your phone. Don’t worry if it’s not there because you can also use it as a simple standalone app. You will need to have a U.S. bank account so that you can send and receive payments. Zelle won’t charge you anything, but bank fees may apply. The problem with Zelle is that it’s not that reliable in case you have a problem, such as someone stealing your account and using it to transfer money.

10. Venmo

Venmo is a very highly rated app that works for both Android and iOS phones. When you link a debit card, prepaid debit card, or bank account, sending and receiving money is free. It will charge you 3% of the amount if you use a credit card.