Why internet is the best way to send money to India?
Wondering what is the best way to send money to India? Many people prefer wire transfer to India while some opt for online remittance services.
Initially, sending money from one country to another used to be a difficult task. It was very time consuming and not very secure. But thanks to the internet, it has become easy to remit money within a day or two. In today’s day and age of globalization, not only people but businesses are also sending funds to their counterparts in different countries. All this has become easy and safer with the internet.
One of the main reasons why online remittance has become the best way to send money to India is that one can do it from the comfort of their home or office. There is no need for you to go to the bank or the remittance agency every time you want to send funds. All you need to do is to register with an online money transfer service and start sending funds to your friends, family or business associate in another country.
Even though online remittance has made life easier, many people still prefer to use the bank for remitting funds. This is irrespective of the fact that banks charge them a high transfer fees and their FX rate are also not-so-competitive. One of the main reasons behind the astronomical fees and FX rates is that banks are not currency exchange specialists and therefore, customers are charged more.
Due to high rates, many people prefer to remit funds through the internet. If you wish to do the same, then make sure you are choosing a reliable service provider. Here are some of the benefits of choosing online remittance services:
The market is full of remittance agencies claiming to offer the lowest rates possible. But not all agencies can be trusted in this regard. So ask for recommendations from your peers or you can do some research and find a reliable agency. The best way to assess an agency’s reputation in the market is to read reviews on online forums. There are several forums on the internet where satisfied as well as unsatisfied customers post reviews about an agency’s services.
Source: Free Articles from ArticlesFactory.com
ABOUT THE AUTHOR
Jack works for a remittance agency. He also writes articles on the best way to send money to India and wire transfers to India.