Sending and receiving money was an uphill task a decade ago. However, the advent of the internet technology has transformed everything to a great extent and the people are getting money instantly from overseas market.
You may have been doing business on the internet. In the current scenario of overseas market, the export, software, call centre and freelance business has been order of the day. India and Indian people have been developing by leaps and bound during last few years due to presence of the internet and open source technology. There are many small to medium sized companies have been receiving lucrative profit due to surge in the business in international market. The international money transfer has been an order of the day. If you have been working in a foreign land you can transfer funds to India with few clicks on the mouse.
In this article we will let you know as to some easy and faster steps to send and receive money from the international market.
As we know western union is the king among all while sending and receiving money from any countries of the world. The money transfer is extremely easy with this oldest fund transfer company of the world. The Western Union money transfer has got a very big network in the world. If you have a friend in the western countries or may be a family member in the overseas destination and you require money, then they can transfer the funds easily on the internet. After transferring the amount they will give a ten digit money control transfer number which you need to show the vendor to receive money. You also need to show your identity card to the agent as a genuine receiver.
The wire transfer is also extremely popular in the world. The wire transfer was initiated with the western union. And today it is one of the most sought after ways to send and receive money. While making an overseas fund transfer you need to have a bank account. The sender also require an account to transfer money to your account. The wire transfer typically takes 24 hours to 72 hours to receive money from the overseas market.
Bank to bank is another popular option to transfer money on the internet. You can transfer money to the payee with few clicks on the keyboard of the computer. It takes only 24 hours to 48 hours to receive money from the international market.
PayPal is another popular options to send and receive inward remittance. The PayPal has remained very popular since beginning of the internet commerce. It is basically free if you would like to integrate on your website. However, you need to pay huge commission while having a transaction. Similarly, you may have to pay to PayPal huge amount of money while receiving money. You need to give commission at least 6% of your funds received.
These days there are 3rd party agencies that helps to transfer your money internationally. One can send and receive money by these third party agencies. Be it Indian or Sri Lankan it easy to receive money from the overseas market. You clients can transfer money to Sri Lanka, India or any other counties by dint of these third parties.
There are many other ways and means also coming to the market for the international remittance.
Blaine Fabi is a prolific content writer who has been writing articles and blog for last couple of years with phenomenal achievement. He is well versed in writing articles on international money transfer.