A Guide to Sending Money Online.
People are doing business with clients who are far away and since payments have to be made, there is the need for an easier way of sending money. You do not have to rely on the bank for sending money whether it is to friends or for business. Remember that banks have specific working hours and if you miss that window you will have to wait until the next day. The great thing with online payments is that they can be made at any time of the day or even at night. These channels are not just restricted to people who are across continents and even those who are near you can use it to transfer money. Paypal is the main network many people in different parts of the world use in transferring money. It has been in the business for years and this has been due to their reliability. You can send as much as ten thousand dollars all at once in over 190 countries. You only pay 2.9% of the total amount you are sending and those who use debit cards or even credit cards will only be charged 30 cents. The network supports about twenty currencies which means every major currency in the world is covered.
If you want to send your friends some money when Venmo will allow you to do that easily. You only need the other person’s email or phone number in order to complete the transaction. When you link your personal or business bank account to the Venmo account, you will be sending the money for free but those who are using credit or debit cards have to pay a 3% fee. Everyone is using a Google product on a daily basis. It is now very easy for you to send and receive money through Google Wallet. Anyone who has a Google account can take advantage of this method and creating a Google account is not complicated. In the event that you are using your debit card in the transaction, the service charge is only 2.9% but for users who have added their bank account the services are free.
You can use Square Cash in sending money even when the recipient hasn’t created such an account yet. The only thing you will have to do is link their email address to one of the bank cards you have. You only pay for the services if you open the business version and the fee is just 3%. For the Facebook users, the Messenger app can be used in sending money to the other person and it can be done in the process of chatting. It only requires you to have a debit card from one of the U.S banks. This website will offer more details.