Money transferring has never been easier. More than two billion people purchased goods online in 2020. And it is not surprising why. It is now possible to send money internationally with just a debit/credit card or an e-wallet. In addition, more and more businesses are expanding and entering the international markets which increases the popularity of international money transfer services. Sending money without borders is already a reality of the financial world, that is also becoming a part of people’s everyday lives. In this blog post you can find some advantages of an international money transfer service.
High speed of transferring
One of the advantages of an international money transfer service is that unlike traditional banking, an international money transfer takes less time. You don’t longer need to go to the bank and wait for your turn to send money, everything can be done remotely. International money transfer service allows you to send the funds just by logging into your account and entering the required details of the recipient. Of course, some fees for transferring may apply. However, they are usually lower than in traditional banks.
High level of security
Even though security comes first in the payment sphere, some people still think that sending money traditionally through the bank is safer. The financial world is always evolving, and the security measures are constantly being improved. You can be sure that websites which provide international money transfer services are built with high security concerns and the customers’ financial data is protected.
When it comes to traditional banking with an on-site service, there are always some fees that need to be paid. Of course, these expenses increase the costs of doing business, and as a result, the costs affect the final price for consumers. One of the main advantages of an international money transfer service is that online banking providers don’t have these expenses. And if there is no overhead to pay, users of international money transfer services can benefit from lower transaction fees.
With a money transfer service you, as a customer, can benefit not only from international networks but also from favorable conversion rates. Many online money service providers have currency conversion tools that can be really helpful if a client sends money abroad. What’s more, these tools allow the checking of currency rates and the sending of money when they are the most favorable. And as you may know, currency exchange rates are unstable, especially now during the pandemic; it’s better to stay aware.
24/7 support is also one of the advantages of an international money transfer service. People send and receive money round the clock. Although, in most cases transactions are completed from the first try, some issues may still occur. In this situation the ability to speak with employee from the money transferring company at any time of the day is essential. You can be sure that the professional team of Universepay is always available to assist you whenever you need us.
To conclude, it can be seen that an international money transfer service has many advantages for both money transfer providers and the clients. These benefits include high speed transfer, high level of security, low overhead, international access, and 24/7 support. If you need to send money internationally Universepay is here to help you. We will provide you with all the necessary tools and will make sure that everything is done properly. You can find more details about this service here, or you can also contact our professionals.