Nowadays, sending money abroad can be done in a few clicks. Transfers to foreign countries have become convenient, fast, cheap and safe.
In this short note, I will look at modern ways to send money abroad. I use all these methods myself – some more often, some less. These methods of sending money to other countries are cheaper and more convenient than bank transfers abroad, as well as other well-known, but somewhat outdated international money transfer services.
1. PaySend
This is my favorite way to send money to another country. With the help of PaySend, you can send money not only abroad, but also within the country, but the profitability and convenience of PaySend is fully revealed precisely in international transfers.
Forget about long and tedious verifications. With PaySend, you can send money with minimal checks and a minimum, flat fee of $1.00.
PaySend has the largest coverage of countries from which and to which you can send an international money transfer.
Official site for money transfers: https://paysend.com/. You can also use the PaySend mobile app.
Invite code for the first international money transfer without commission: 0d8425 (valid both on the website and in the mobile application).
2. Wise
Wise (formerly TransferWise). This method is similar to PaySend. The commission is low, but not fixed.
Tip: Instead of directly comparing PaySend and Wise fees, compare the amount that will be credited to the recipient, since the services have a hidden fee included in the currency conversion rate.
Wise's country coverage is somewhat lower than PaySend's.
For the first free transfer in Wise, click this link.
See also: TransferWise overview: international transfers and multi-currency debit card
3. LocalBitcoins
For international money transfers, LocalBitcoins uses, as you might guess from the name, Bitcoins. You do not need to be able to work with cryptocurrencies or even have crypto wallets. If you want to transfer money from one country to another, then you do not need to create a Bitcoins wallet.
The algorithm of actions for international money transfers is as follows:
1. Register on LocalBitcoins. This will create a Bitcoins wallet for you inside the LocalBitcoins service.
2. Select a Bitcoin merchant in the country you want to transfer money from. Buy Bitcoins. They will be credited to your wallet inside the LocalBitcoins service.
3. Then select the buyer of Bitcoins in the country where you want to transfer money. After the buyer of Bitcoins credits the funds to the bank account you specified, he will receive his Bitcoins.
Thanks to such an intermediate link as Bitcoins, this service is the widest in scope. Due to the large number of buyers and sellers of Bitcoins, you can choose the most favorable exchange rates.
See the article for details: How to use LocalBitcoins
