How to send or receive money abroad?
Alternatives to PayPal
Sending or receiving money internationally without using PayPal involves exploring various alternative methods we’re going to list here.Not everyone in the world can receive via Paypal because of restrictions in some countries , checkout these most common methods you can receive and send money worldwide, you can consider these also as PayPal alternatives to collect payments online.
Here are some common PayPal Alternatives:
2. International Money Transfer Services:
Use specialized international money transfer services such as:
Western Union: Allows you to send money for cash pickup at a Western Union location.
MoneyGram: Offers international money transfers for cash pickup or direct deposit.
Worldremit
Dahabshiil
In countries like Somalia, Central Equatoria, South sudan, Sudan, Dahabshiil and western union works very fine than other international money transfers .
The situation in countries like South Sudan is exacerbated by the limited accessibility of the South Sudanese Pound through the majority of international money transfer services..Read more
3. Online Money Transfer Platforms:
Platforms like TransferWise (now Wise), Remitly, WorldRemit, sendwave.com enable you to send money internationally with competitive exchange rates. The recipient may receive the funds in their local currency or have the option for cash pickup. Payments can also be sent to your mobile money number directly.. Read more
4. Cryptocurrency Transfers:
Send cryptocurrencies such as Bitcoin, Ethereum, or others directly to the recipient’s digital wallet. Ensure the recipient is familiar with and able to convert or use the cryptocurrency.
One notable benefit of cryptocurrencies is their inherent lack of restriction to a particular geographic area, allowing them to be traded globally. Unlike traditional currencies that are bound by national borders and regulatory frameworks, cryptocurrencies operate on decentralized networks, enabling transactions and exchanges across the world without geographical constraints. This inherent borderlessness contributes to the widespread adoption and acceptance of cryptocurrencies as a universal means of value exchange… Read More
5. Bank Wire Transfer
Use a bank wire transfer to send money directly from your bank account to the recipient’s bank account. Obtain the recipient’s bank details, including their account number and the bank’s international routing information..Read more
6. 2Checkout (now Verifone).
2Checkout, now part of Verifone, is a global payment platform that provides online payment processing services
7. CashU:
CashU is a prepaid online and mobile payment method available in the Middle East and North Africa, providing a secure way to make online payments
8. Skrill:
Skrill is an international e-commerce business that allows payments and money transfers to be made through the Internet, with a focus on low-cost international money transfers.
9. Revolut
Revolut helps you spend, send, and save smarter. Welcome to your new favourite way to do all things money.
10. Cheques or Bank Drafts:
Write a cheque or obtain a bank draft in the recipient’s currency and mail it to them. Ensure they have the ability to deposit or cash it.
11. Foreign Exchange Brokers:
Use foreign exchange brokers to send money internationally. These services often offer competitive rates and can transfer funds to the recipient’s bank account.
12. Prepaid Debit Cards:
Load funds onto a prepaid debit card and send it to the recipient. Some prepaid cards are designed for international use.. Click here to read more about loading funds on cards
Important Considerations:
- Fees and Exchange Rates:
- Be aware of fees associated with the chosen method and consider exchange rates, as these can impact the amount received by the recipient.
- Recipient’s Accessibility:
- Choose a method that is accessible and convenient for the recipient based on their location and available financial services.
- Security:
- Use reputable and secure services to ensure the safety of your transaction.
- Local Regulations:
- Be aware of any local regulations or restrictions that may affect the chosen method of money transfer.
Before initiating any international money transfer, it’s advisable to confirm the specific details, fees, and processing times associated with the chosen method and service provider. Additionally, ensure that the recipient is informed and able to access the funds through the selected transfer method.
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How to send money internationally without bank account online
