Online Money Transfer Worldwide to Send and Receive Money Online

By: Vaibhav Aggarwal

Online money transfer has become a necessity for almost all of us. Whether you have a business with a worldwide clientele, are a frequent overseas traveler, or have your children studying in some overseas colleges, you will have to transfer money frequently.

A popular way of transferring money worldwide is through online money transfer companies. These companies typically accept cash at a certain location, which can be withdrawn at a certain other location. You can pay through a debit card or even liquid cash for the money to be transferred. Once you have deposited the money, you can inform the recipient that the money has been sent and that they can withdraw it after a certain specified period of time, which depends upon the transfer agent selected. The time typically ranges from one day to a couple of days.

Another way of transferring money is through online payment gateways. This is an innovative method and is faster than the earlier options available for sending and receiving money online. An online payment gateway would typically require you to create an account. An account creation is free and once you create an account you would need to fund you account to start transacting. You can seven send a payment link to your beneficiary and they would simply need to click on the link to withdraw the money.

Online payment gateways are comparatively newer than traditional money transfer. These are faster, secured, and cost effective. Money transfer companies usually levy a transaction charge, which depends on the distance covered or the country where the money is going. Payment gateways are better in this regards.

With the rising popularity of online payment gateways many organizations have now started offering this service. Epay is a new emergent in this arena and is becoming highly popular. Epay's negligible fees have made it a popular tool for parents to send money online instantly to their children studying abroad. Businesses can send invoices online, through sms and also accept money online and through mobile. The best thing about this service is that Epay has its own account, thereby eliminating the processing time usually required by banks.

Money Management
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 

» More on Money Management