Do you need to split bills with your friends and family, send money across the world using different currencies, or make an instant payment? Sending and receiving money online via money transfer apps has never been easier. With so many apps to choose from, we present some of the best money transfer providers, including Revolut, Paypal and Western Union.
REVOLUT
The multi-currency card provided by Revolut lets you send and exchange money quickly and inexpensively. Read below all key benefits and features at a glance:
- It’s free to open a personal and business account.
- There’s no cost to exchange up to €1000 per month and anything over is charged 0,5%.
- It allows you to manage your money better with spending analytics.
- You get daily discounts and cashback.
- You can withdraw up to €200 per rolling month.
- You can buy crypto and gold in seconds within the same app.
- It allows you to freeze and unfreeze your card, change passwords, and get a virtual card easily in the app.
PAYPAL
PayPal, one of the largest digital money companies in the world, allows you to send money to just about anyone with an email address and phone number in over 200 countries. Here are the key benefits and features:
- It’s free to open a personal and business account.
- It’s free to use PayPal to buy goods and services unless they involve a currency conversion.
- There are no fees for sending money from your PayPal balance or bank accounts. However, there’s a fixed fee for sending money via credit card.
- When shopping, PayPal Buyer Protection covers your eligible purchases if they never arrive or match their description.
- If you are selling products or services online, you can integrate PayPal with your e-commerce platform and make it the sole method of payment on your website. Your customers don’t need a PayPal account to purchase from you.
WESTERN UNION
Western Union, one of the most well-known companies in the world for transferring money internationally, has made a successful transition to the digital economy with a strong digital offering. In a nutshell:
Western Union supports international transfers to over 200 countries in 130 currencies.
- Online cash transfers can arrive within minutes. The recipient can pick up the cash at a physical location like a supermarket or bank.
- Their exchange rates are reasonably competitive for online transfers.
- The app allows you to track the progress of a transfer, estimate the fees or find a nearby agent location for a future transfer.
Money transfer apps provide a convenient way of transferring money around the world easily through your phone or laptop. When it comes to choosing a provider, you just need to think about your individual needs, the services offered based on your location, the amount you are sending, supported currencies and payout methods.
Just bear in mind that because one app works best in one situation, it doesn’t mean it will be the best option in another. If you have any questions or concerns, feel free to contact us on +357 7000 8812 or info@predeevo.com.
