Sending money overseas is big business. In 2019, people paid more than $47 billion in money transfer fees. In total, over $700 billion were sent to other countries in small amounts — mostly by migrants workers wiring money home (source). These money transfers are not cheap. The average cost to send a remittance (a.k.a money […]
Routing numbers have been integral to the banking industry for more than a century. They streamline the exchange of money, enabling you to set up a direct deposit or easily send money to a friend. Just as the rise of debit cards lowered the popularity of checks, wire transfers are now facing competition from digital […]
Money orders provide a way to make payments without carrying or transferring cold hard cash. They also come with a few extra security benefits which cash and checks lack. But how do they work? Where can you buy one? And how do you know if they’re the right option for your needs? Read on to […]
Did you know that you can send money through Facebook Messenger P2P payments? There’s no need to share payment details with friends or family. Instead, you can transfer money securely and easily right in the Facebook Messenger app. Here’s how it works. The basics of Facebook Messenger P2P payments Facebook Messenger allows users who are […]
How common are money transfer scams in the U.S.? In 2018, there were more than 1.4 million fraud reports filed with the Consumer Sentinel Network. 25% of those reports involved a loss of money which collectively totaled $1.48 billion. This is up $406 million from the 2017 report. With money lost to fraud on the rise in […]
Whether you want to send money to a friend sitting next to you or a family member halfway around the world, you have options. There’s a wide selection of money transfer services from which you can choose. Not all are created equal, though, which can make it difficult to know which one is best for you. […]
Online cross-border payments are on an upward trend. In 2018, the total transaction value of P2P money transfers worldwide was $65,761,000 –– by 2022; it’s projected to reach $133,795,000. The U.S. is leading this trend in 2018 with transaction values accounting for $15,138,000. If you are thinking of joining the millions who are using P2P […]
CurrencyFair is a marketplace built to connect people who need to move money to and from different countries. In doing so, users who have corresponding needs can find each other. This CurrencyFair review will look at the benefits and disadvantages of CurrencyFair when compared to other money exchange and transfer services. Fully-licensed and regulated by […]
HiFX was established in the UK in 1998 to provide a cheaper way for customers to send money overseas. The company was bought in 2014 by Euronet Worldwide, which is also the parent company to money transfer services Ria and XE Money Transfer. Euronet is the third largest money transfer business in the world. Since […]
Jump to a section Walmart2World: International Money Transfer Walmart2Walmart: Domestic Money Transfers Walmart Bill Pay Walmart’s Mobile Express Pros and Cons According to Fortune Global 500 list in 2019, Walmart is the world’s largest retailer. So it doesn’t come to a surprise when they launched a service that’s known as Walmart’s money transfer services, Walmart2World, and […]
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