Best International Money Transfer App
international money transfer app: Sending money to someone promptly is a huge convenience that we take for granted. A few years ago, if you wanted to send money to a friend or a business and they did not live in your immediate neighborhood, you probably had to send a check and wait for them to receive it. Then the recipient will have to take the check to the bank, just for depositing it into their account. In addition to this, checks are not always cleared instantly. Now, one day, sending money to someone at no cost is completely easy and painless, and the process can take a total of ten seconds if you use the right services. There are several international money transfer app available for anyone that will allow you to send money to whoever you want, in a flash.
This is going to be a list of the best international money transfer app. The most important feature of all these applications is that they are entirely free to use. You don’t have to pay any fees when using their services, and sending money will not cost you extra. Another factor that I considered on this list was the number of people who use these apps. It would not make sense to recommend apps that no one has heard of. Perhaps most important of all, all of these applications are completely secure and are backed by an agency that guarantees that your money will arrive at the destination to which you are sending it. So without further ado, here’s what I consider the international money transfer app.
Top 5 International Money Transfer App
Dwolla is an application that everyone can use to send money to an individual after linking your bank account with the app. Dwolla has also integrated Mass Pay, a system that allows you to send multiple payments at the same time, as well as establish recurring fees, which means that the person will be sent or billed on a monthly basis. Dwolla also gives users the ability to switch to a corporate account, enabling them to receive next-day transfers, no transaction limits, and top-notch customer support. Dwolla does not charge any fees to send money. This is a recent change in Dwolla that has made it much more appealing to a broader audience, and for that reason, takes the number five spot on the list of best international money transfer app.
Dwolla is more geared to the businessman because it offers many features that small businesses can look for, but if you are a casual consumer, there is no reason not to use it as an option if presented to you. One of the drawbacks of this app is that both parties will have to sign up for Dwolla, and chances are, being this is one of the small apps on this list, one of the parties will not have already.
4. Square Cash
Square Cash takes fourth place to be a completely free service, which, once again, does not charge any additional fees to the average consumer. If you plan to use Square Cash for business, there is a small cost, but it is relatively low compared to others on this list. One thing to consider when using Square Cash is that anyone who has access to your email, will also have access to your debit card without knowing your card number, and keep that in mind.
3. Facebook Messenger
As almost everyone now has Facebook, Facebook has decided to enter this money-sending capability by adding this feature to their email system. With Facebook, all you have to do is add your debit card information, and click the Send Money button on the Messenger app. To receive payments, all you have to do is add your debit card. This service is 100% free. However, the processing of each transaction may take a few days.
Facebook takes third place because of the huge amount of people who use Facebook, so having to worry about coordination through an app is almost non-existent. If you are looking for a service that you can use with friends or family members, this is one of the best options for you.
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Without a doubt, Venmo is one of the applications that send the most money among young people. Venmo is like all other international money transfer app on this list because you can send money in an instant without worrying about being charged extra fees. Venmo has also incorporated a social media style into its design, publishing each transaction on your “wall.” Venmo is linked via Facebook, so you can see what your friends are sending money, and comment on their transactions, much as you can on Facebook. Do not worry; you can remain completely anonymous if you wish, it’s just a kind of gadget that made the app a bit popular.
Venmo is very popular among the student community for sending money for utilities, and other things like that. It has a social media style platform where you can see other people’s transactions and comment on them. Venmo works in a snap, and you can use your Venmo balance to pay other people or transfer directly to your bank account.
Paypal is one of the most popular applications on this list, only because you can send money in an instant, almost anywhere in the world. Paypal does not charge a fee when you send money to friends and family, and many companies use Paypal because of the low fees that companies face for transactions. With Paypal, you can quickly connect your bank account and start sending money in an instant. You do not need to link your bank account to receive money; you only need to link your account if you want to withdraw your balance.
Paypal is used all over the world and is a very convenient way to send money to your family and friends, even if they are abroad. I highly recommend this app to anyone who wants to send money in a flash, without having to worry about paying ridiculous fees.
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