Sending money abroad
Some may think that when one wants to send money abroad, the only option is to do it through the bank. It is an option, of course, but probably not the best one, and certainly, not the only one.
Sending money abroad via bank
Bank-to-bank transferring has its pros and cons. The main benefit is probably simplicity in wiring money. You already have an account so the only thing you have to do is to enter the account number of the recipient. But at what cost?
Well, most banks are adapted for domestic services and when it comes to international transfers, usually the exchange rates are very low, which means that the recipient will not get all sum that you have sent. Also, they often charge extra for making a foreign transfer.
Other alternatives
So if not a bank, what then? Well, it depends on how quick you want to have the money at the target account, how much do you want to send, how often you need to make transfers and of course, how much are you willing to pay for that. For example, you can read this TransferWise review to learn more.
Revolut
You may have heard about the firm as it was lately ‘in fashion’. It enables its users to have an account manning up to 30 currencies. It offers interbank exchange rates for a small 0,5% fee for the bigger transfers. It also provides users with a convenient app which is certainly very comfortable for the ones who make international transfers regularly. Read more about Revolut reviews here.
PayPal
You probably have heard about the PayPal or at least, you have seen the option to pay for your shopping with their services. Paying with them means basically creating an account and attaching your credit/debit card to the account. It is certainly very convenient for shopaholics, who love doing shopping online on foreign websites.
Transfer firms
Such as Western union, MoneyGram or Xoom. They specialise particularly in making international transfers. They can be very favourable option if you have a large sum to wire, as they offer competitive exchange rates and much lower fees than banks.
Always remember to compare these firms and choose one carefully. Taking your time can help you save some money. There are special websites comparing such services in the terms of time transfer, fees, rates and limits. There are even sites that will show you how much money will the recipient’s get after the exchange.
Sources and more information:
https://joshuahiggins.podia.com/
https://5f00c84739c00.site123.me/blog/what-stands-for-a-good-review
How to choose the best money transfer service?
How to choose the best money transfer service?
Sending money abroad is often not as easy as domestic money transferring. It is worth checking as many platforms as you can before actually choosing one. Here are a few tips how to send the money abroad.
1. Set your criteria
The first thing you need to do is to decide what is the feature that is most important to you. Are you in a rush and you need to send your money as quick as possible? Or maybe you do not care about the time at all and you just want the service to be cheap
2. Rankings
Check the most recent summaries that show the leaders in a business. Then start digging and looking up the specifics, starting from the number-one firm. Some of the rankings will also help you compare conditions of different firms because they show the most important features of the platform such as time of the transfer or general fees.
3. Reviews
It is very important to check if the platform that you want to entrust your money with is safe. In case to do that, always read the reviews. Experiences of the previous users will give you a picture of the firm. If the platform has a lot of reviews, most of which are positive, you can consider it reliable. For instance, you can read TransferWise review here.
4. Always look at the minimum
Some of the platforms offering international money transfers have a stated ‘minimum’, which means that if the minimum is for example 200 $, then you need to be sending at least that sum if you want the platform to process your transfer. So if you intend to send a small sum it is important for you to check the minimum of the site.
5. Check the exchange rate
Remember, that even when you choose a feeless platform, this does not mean you are not paying anything. It is important to overlook the exchange rate, which is important when you are sending your money to a country with different currency. If it is very high, it may be more economic to find a platform that will charge you for the service but offers a lower exchange rate.
What you should know before writing a good review?
What are the most important things a good reviewer should know before writing an article? Find the best tips for writing reviews below!
A good reviewer's essentials:
1. I'm neutral - No sides taken!
It's as obvious as it can get - your job is to do a research, cover the topic, investigate the details and dig deep into the specs, but WITHOUT taking any sides! Remember, don't be biased to any of the variances. Be determined to find the truth, don't try to advertise anything, as the reader is looking for some help in making a decision, not to fall in awe and read all about good sides and what's not.
2. Who is better? - Comparisons
Set a point of relation. Try to look which features are the market's standard, which are common in most of similiar service, and which are indicators of good quality and good value. Also it's better to know what decision to make if you are presented with different option. Find them for the reader!
3. Good examples - Good Reviews
Let's take a look at this money transfer review, where the author dives into the platform's fees, exchange rates, hidden costs, security, reliability and overall how-to-use case:
In this TransferWise review, which covers a popular international money transfer services it's important to notice that the author covers both advantages, disadvantages, supports them by quoting customers' feedback and does a good research, which adds up to the overall quality of the article, transparency and reliability and it's factual and informative.
4. Pros and Cons - A wise man saves money
It's not as shiny as it seems and it's incredibly important too let the reader know the FULL STORY behind particular platform, service or company. What drawbacks there are to expect? The reader should be able to weight the importance of the problematic features oor common issues and decide whether or not despite them he still wants to engage in this service. But it's a reviewers' job to find all of the niuisances!
5. Detailed research - He who searches knows the more
Don't limit yourself only to some online comments or official company's site as they may not be enough and informative enough to convey the whole picture. Because, which company admits the problem their platform has?? None. That's why you need to research them. Investigate the negative feedback, learn why the users dislike this service etc.
If you remember to go all in into the article and do a proper job, your readers will be thankful to you and your articles can help thousands of people!
More information and sources:
https://40e2c0d8096af9.wifeosite.com/
http://universaar.uni-saarland.de/journals/index.php/zdg/comment/view/294/0/10520
https://devpost.com/software/transfer-reviews
https://cloudsquadsdev.stage.lithium.com/t5/Ideas/How-to-send-international-transfers/idi-p/16164
https://www.leetchi.com/c/reviews-and-more
