Whether you’re transferring money to pay rent, purchase something online, or send cash to family and friends abroad, sending money is an incredibly convenient way of completing payments. The right service can make the entire process a breeze – smoothly transferring funds without hassle. But with so many online payment services available today, it can be tough figuring out which one will give you the best experience and help you save time and money in the long run. To assist in your search for the perfect payment service solution, this blog post offers four of the most reliable services that are sure to fulfill your needs when it comes to sending money quickly and safely. Read on for a comparison of features such as transaction fees, speed, security measures taken by each company for protecting your data — plus much more!
Here’s an overview of the best ways to send money internationally.
Best for Peer-to-Peer Transfers and Sending Large Amounts
PayPal is a trusted online payment platform that makes it easy to shop, send money, and accept payments from anywhere. With PayPal, you can make purchases for goods or services with only a few clicks. You can even use your bank account or debit/credit card, ensuring the highest levels of security for all of your transactions. Additionally, PayPal makes it easy to transfer funds from one person to another in an instant. Whether you need to pay your rent, send a birthday present, or split relatives between store purchases, PayPal has you covered! Plus, its mobile apps make payments even easier – meaning that paying for goods and services is never more than just a few taps away. All in all PayPal is a secure way of sending and receiving money quickly and easily!
How it works:
Step 1: Link your bank account or debit/credit card to your PayPal account
Step 2: Choose the “Send Money” option in the app or website.
Step 3: Enter the recipient’s email address and the amount you wish to send.
Step 4: Confirm payment by entering your password before hitting “send.” Best for International Transfers with Low Fees TransferWise TransferWise is a global money transfer service that makes sending money abroad fast, easy, and inexpensive. It boasts one of the lowest-cost solutions available on the market today – charging only 0.5% in fees and up to 8x lower than banks when it comes to international transfers.
Plus, TransferWise is incredibly safe and secure, with multiple layers of encryption to keep your funds safe at all times. What’s more, the service offers customers a wide range of currency options and flexible payment methods that make it easy for you to send money internationally without jumping through hoops.
Step 1: Create an account with TransferWise.
Step 2: Choose the currency you wish to send, enter the amount and select a recipient.
Step 3: Enter payment details (bank transfer or debit/credit card). Step 4: Confirm your payment.
Best for Business Payments Stripe
Stripe is a leading online payments platform that enables businesses of all sizes to accept payments online and in-person via credit cards, debit cards, Apple Pay and many other payment methods. With Stripe, you can create customized invoices, manage subscription billing cycles, set automated billing reminders — plus much more!
What’s more, Stripe goes above and beyond when it comes to security by using fraud prevention tools to ensure your data is safe and secure. Plus, Stripe makes it easy for businesses to comply with global payment regulations — all while taking only a few minutes to set up.
How it works:
Step 1: Sign up for an account with Stripe.
Step 2: Set up your payment page/invoice template. Step 3: Add in your banking details & credit card information. Step 4: Integrate the Stripe payment gateway into your website or app.
Best for Multi-Currency Transactions Skrill
Skrill offers a convenient solution for accepting payments in over 40 currencies from anywhere in the world. With its easy-to-use platform and competitive pricing, you’ll be able to maximize your profits with minimal effort. Plus, Skrill lets you accept payments from customers in any country — allowing you to expand your customer base and explore new markets around the globe.
How it works:
Step 1: Sign up for an account with Skrill and enter your business details.
Step 2: Set up a payment page or invoice form on your website/app.
Step 3: Integrate the Skrill payment gateway into your web pages or app.
Step 4: Receive payments via credit cards, debit cards and over 40 other currencies.
Best for Payment Card Processing Square
Square is a fast and secure way of accepting payments online via credit cards, debit cards, Apple Pay and other payment methods. With its easy-to-use platform, you can quickly set up a payment page or invoice form to accept payments on your website or app — all for free. Plus, Square offers advanced fraud protection tools and detailed analytics that make it easy to track sales and spot potential issues with payments.
How it works:
Step 1: Sign up for an account with Square.
Step 2: Set up a payment page or invoice template on your website/app.
Step 3: Integrate the Square payment gateway into your web pages or app.
Step 4: Accept payments via credit cards, debit cards, Apple Pay and more