online money transfer

Awesome! This Money Transfer Method = 75% Lower Fees [NEW]

Today I'm going to show you how I managed to save 75% in fees and commissions on all my international money transfers.

So if you want to send (or receive) money transfer faster without even leaving your home and for a low flat fee, you'll love the actionable strategies in today's post.

 

Table of Contents

But wait, there's more:

Specifically, I am going to show you exactly what to avoid and how to initiate online money transfesr directly from your credit/debit card to another card account or bank account.

Keep reading...

Not to mention that this is possible without expensive fees, actually, if you follow my instructions you will be charged only a $2 (or 1.5€) flat fee regardless of the transferred amount.

What is the first thing that comes to your mind in terms of a money transfer service?

Probably Western Union or MoneyGram?

Actually, I stopped using those big names after I accidentally stumbled upon this awesome online money transfer service backed by Mastercard and Visa.

A common thing for all those established names is that they all have brick and mortar outlets. Or they partner with local exchange and post offices.

Anyways, those are all real outlets with real people sitting in there, working during regular business hours.

What does it mean for you and me?

It means that I can do a money transfer on Monday at 10 am, but I cannot do it on Sunday at 10 pm for example, because they are closed.

It also means that they are going to charge me with a hefty fee on that money transfer because they need to pay for all the resources - renting equipment and outlet costs money, and people sitting there also cost money.

The truth is that all this business with brick and mortar outlets have huge operating cost so they have to charge you with huge commissions only to pay their bills and stay in business.

Today nearly $80 trillion (US) of money is sent via a wire transfer or bank account globally, but the process is inefficient, outdated, costly and more complex than it should be. Money can take days to arrive.

Banks are buried under legacy systems that are slow, expensive, and not user-friendly. Additionally, many people are still unaware of what’s possible digitally.

Walking around in New York, I often see people queuing at the various old-school money transfer providers, to send or receive money from abroad. Considering that most people in these queues actually have physical cash on them, it’s not very safe or convenient.

And these people are charged in the form of a bad retail exchange rate and a service fee. It’s expensive.

How do I transfer money to someone else's bank account?

It’s 2019 and today you can send money online to any MasterCard or to a regular bank account from your mobile phone. This transfer is secure, instant, and it will cost you a fixed fee of 1.5 € for transfers from the Eurozone, £1 for transfers from the UK and $2 from the USA.

How can I send money fast?

If you ever have to transfer cash across borders I'd 100% recommend PaySend.com - they provide fast transfer, lower fees than the bank + zero hassle.

I am going to show you how to do it, step by step:

You can register on paysend.com using your cell phone number. Follow the steps and enter invitation code 45b948 during the registration process to get your first transfer without any fee. 

What is the best app for transferring money?

Did I mention that paysend.com also has an android app and an iPhone app?

Enjoy your cheap and effortless bank transfers and do let me know your feedback in the comments below.

Source of information used in this post: MasterCard Send