Whether you want to send money nationally or internationally, online money transfer is a great way to send and receive cash from friends and family. Though many financial institutions and banks are offering wire transfers, these can often be costly. Sometimes, they require information about you and the person you’re sending money to before even allowing you to make the transfer. 

Conversely, with online payment transfer services, you don’t have to give information. Instead, such services keep your details secure. However, one challenge is to find which service is suitable for you. Below in this article, we have mentioned a few top services that you can trust. To learn about them, continue reading!  

PayPal

There is no denying that PayPal is the most popular and widely used money transfer service in the world right now. Paypal is faster and the most secure option to send money to your friends and family. Once you verify your account, you can send up to $10,000 in a single transaction. It let you send money in over 100 currencies. Not only this, whether you are paying bills, making a transaction, or purchasing things, PayPal keeps your financial information secure. However, one thing you need to keep in mind that it offers money transfer from PayPal balance or bank account within the U.S with no extra cost. But if you use a debit or credit card, then you’ll have to pay 2.9 % plus 30 cents of the amount you send as a fee. 

Western Union 

With an extensive international reach, Western Union could be your best bet. It is inexpensive when compared to PayPal. This platform allows you to send a money order abroad online to 200 countries and territories in more than 130 currencies with more than 500,000 Western Union agent locations. Typically, online international transfers start with a $10,000 limit, but upon your request, the maximum amount can be raised in your online account. With Western Union, you can not only send money order but can also pay bills and make purchases when check and cash aren’t accepted. 

Google Wallet

Google Wallet is a mobile payment system that is also referred to as a virtual wallet. Regardless of the type of transfer, it is free to use and can store debit, credit, gift, and loyalty card information. Available for both iPhone and Android users, this platform is another fast way to make payments online. You can transfer $9,999, or up to $50,000 in five days in a single transaction.  However, one thing that is worth notice is Google Wallet does not allow for overseas money transfers. If you are sending money using your bank account, then it could take up to four days to complete the transfer. 

Payoneer

For many, if not most, people the Payoneer is the best service to receive and send payments overseas via bank transfer or to a prepaid card, allowing the recipient to withdraw cash from an ATM machine. Though this is a bit more expensive than PayPal, it is a better option in countries like Ukraine or Russia where withdrawing money from PayPal and receive local currency is tough. Moreover, this platform only accepts large businesses. So those who want to pay just a few employees, this service likely won’t work with you.