Do you have any relative, friend or business partner abroad? If yes, then you know the pain of high international transfer fees and exchange rates. You might usually rush to the bank to transfer the money but the average fees charged by the bank on international transfers is about $40. If you want to transfer money from the United States to the United Kingdom then currency exchange rates at the bank could take as high as 7% of the total amount. That’s $70 for every $1000 transaction. Now, that’s really high, especially when you can avoid all this overhead.
That is why lots of people prefer other third-party money transfer services. The transactional charges and fees highly vary from one service to another. If you make international transfers very frequently then you do need to find a service with cheaper transfer rates. It is smart to compare different money transfer services and go with the one with low fees.
But how do we compare these money transfer services? I am glad you asked.
The answer is, WireCompare.
WireCompare is a startup that helps people is saving money by comparing peer-to-peer money transfer services. You can check all the alternatives of transferring money from one country to another, check their fees, transfer time, efficiency, mode of payment, etc.
This way you can go for the one which is most optimum for you. Trust me, you will end up saving a lot of money.
How does WireCompare Work
Unlike other similar services, using WireCompare is very easy and straightforward.
Step 1: Visit the official website of WireCompare(https://wirecompare.com/). At the homepage, fill in the “Send money from”, “to” and “amount” fields. Hit the “Compare Now” button.
Step 2: You will get a list of different wire transfer services available for your transaction. The corresponding details and features indicated against every wire transfer service.
Compare all the available money transfer options and Choose the one that seems more appealing to you. There are many ways these services can differ. For instance, in the above two services, you will notice that Currencyfair has higher fees than Xend>pay but the transfer time of Currencyfair is faster than Xend>pay. So, you can decide accordingly.
Step 3: Once you choose the most suitable money transfer service, click on the green colored “Choose” button. You will be redirected to that company’s official site. For example, if I select xend>pay, I will be redirected to its official site to complete the transaction.
Step 4: Complete your transaction.
It took me less than 5 minutes to compare the money transfer services available for my transaction and choose the best one. So, using WireTransfer is really easy and helps you make a more informed decision and save money.
Benefits of using WireCompare
As robust as their services are, there are many different benefits of using WireCompare.
The Trust Factor: If you Google for money transfer services, a dozen of them would come up claiming to be the best ones but how can you trust them with your money?
The money transfer options listed down by WireCompare are the trusted ones. They only work with the trusted FCA transfer providers. You know that your money will safely reach the destination, on time.
Peer-to-Peer Exchange: To keep the overall cost of overseas transaction down, they use peer-to-peer and other technologies. Such transfers are also completed more quickly.
Save Time & Money: You must have already figured out this part by now. WireCompare not only saves money by providing better and cheaper options it also saves your valuable time. You don’t have to wander here and there looking for services.
Get Notified when exchange rates change: The international exchange rates fluctuate very frequently. You may want to exchange at the time when rates are in your favor to save even more.
WireCompare monitors rates at real-time. If you want you can get a notification when the exchange rates for your transaction changes. If you are waiting for significant rate drops then you can select the option of getting notified via email when the exchange rates drop more than 1% or 3% or more than 5%. Don’t worry, you won’t get spam emails, only relevant emails.
No Hidden Fees: There are no hidden charges. You can check the transaction charges, mode of payment, amount received after fees deduction and proceed. WireCompare takes no commission from you. There won’t be additional charges for the final transaction. Everything is displayed beforehand. You have the freedom choosing the transfer method.
Admit it, we need such service. It becomes difficult to choose the best money transfer service. I know because I do a lot of international transactions monthly and if I don’t act a little smartly a lot of money would go in transaction fees.
With WireCompare, many times you can get your money transferred with Zero transaction fees. It’s a reliable way to compare different money transfer options. So, I would suggest that the next time you make an overseas transfer, compare all the available options at WireCompare. Don’t forget to share your experience with us.