Personal Finance

Why PayPal better than Western Union?

Transfers within the PayPal system safer than Western Union. You pay a specific vendor for a specific product. Information about your transaction is stored in the system, and you, if necessary, you can complain to support PayPal’a. Of course, if you send money to an impostor – you do not help. But if the seller is more or less honest, and do not want to be a PayPal account frozen, it is more likely to compromise.

Commission PayPal – 3 to 5% of the amount, but it is usually paid by the seller. However, the Chinese often require that the costs paid by the buyer.

Payment can be done in 10 seconds. Enter the amount, enter the address of the recipient to send. All. Of course, a card and connect it to the PayPal requires a lot of time. More about coconut oil weight loss!

Translation comes just a few minutes.

European stores do not like PayPal. But they are willing to take a plastic card on which it is connected. In the United States is difficult to find a store that refuses to accept PayPal. And at the auction Ebay – this is the official means of payment.

PayPal offers a variety of ways to return money to the account – I emphasize, that the return of money paid. Would wish the seller.

PayPal protects your account. Even if someone steals your username and password, he can not quickly withdraw your money – money on the map, requested through PayPal are in status “reserved” for 3 days (ie, they are not visible on the map, but have not passed recipient). You will be able to block the card or turn off PayPal before they write off.

As the Internet evolved, so did the services available in this environment. Today we have a use of the Internet for everything, from the quick call of a taxi to take you exactly where you are in just a few seconds (Uber), to services that help us stay in constant contact with friends and family ( Facebook).

Today I want to introduce you three such modern services that you can use to transfer money online, saving you valuable time (you do not have to go to the bank and stay in the queues because the transfer makes it from the comfort of your home) and money (avoid paying unjustified commissions).

If you do any type of international money transactions – whether as a freelancer, online marker, diaspora, business owner, etc. – then I’m convinced that the services I’m going to talk about in this article will help you save valuable resources.

For the same reason, they use courier services only and not mail. I’m not saying that you know. At least when I want to send something, because if it’s a parcel in China then I’m attached to my hands and feet and I have my neck under the guillotine. Yes, this is probably the second time consumed and it only gives you stress. And I can not even do a unboxing in which I forgot what I ordered because they had them already out there. And they told me what I got in the pack. Halal surprise!

And for the same reason I’m not going to the bank unless I have no choice. More specifically when I change my personal phone and I need a new digital token. I am no longer making cash payments except my wallet, and when I send money I only do it through the banking application.

What do you do if you work outside the country and want to send money to someone from Romania? Or vice versa. Payments outside the country are more complicated. Communication between banks in different countries is very cumbersome and requires a road both for you and for the one who raises the money at one of their offices. Where you will surely stand in the queue. Yes, I know, other money transfer services, but for € 50 the fee is “just” 7 euros. And it increases exponentially with the amount sent.

I tried with PayPal, it’s simple, it takes your money on the card and sometime, probably the same week, I get into the PayPal account of the recipient. Then there’s another 48 hours to get him on the card. He does not like me either.

One of the few services that meet all the above conditions is TransferGo. That’s because the way it works is simpler, you’re sending the money from your bank account to your account in the country you’re in. They hold accounts in all the countries they work with, and from those accounts they will send money to the recipient. This significantly shortens the long way that money normally goes.

The costs are fixed by country, from 9 euros if you want the transfer to be done in 24 hours or even 2.99 euros for 30 minutes. Please note that this quick option is not yet valid for sending money from Romania to another country. Just the other way around. For any transfer you need to consider a variable exchange rate of 0.6-1.5% for foreign exchange, present anyway at any bank or transfer institution.

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