Compare the best ways
to transfer money overseas

Tag: money transfer

[Infographic] Top Money Transfer Destination by Country

We designed a map of top money transfer destinations for every country. Here are some interesting facts we found: United States is the number one source of remittances in the world, approximately…

We designed a map of top money transfer destinations for every country. Here are some interesting facts we found:

  • United States is the number one source of remittances in the world, approximately 24% of all global outflow
  • India is the top receiver of remittances in the world, 12% of global inflow
  • UK, Germany, the Netherlands, Switzerland, Norway and Russia are the only countries in Europe that send significantly more money than receive
  • Ireland, Italy, Greece and Turkey send approximately the same amount the receive
  • For New Zealand, Australia, Malaysia, Japan, Mongolia, Canada the top destination is China
  • Most of South American countries send remittances to Spain, except Brazil that has Portugal as their most common destination

Please attribute credit by sharing with an active link to wirecompare.com

 

Notes:

Composed by wirecompare.com, data source: worldbank.org, 2017
These estimates are based on the methodology developed by Ratha and Shaw, 2007, “South-South Migration and Remittances,” World Bank (www.worldbank.org/prospects/migrationandremittances). The remittance data is for 2016, disaggregated using host country and origin country incomes, and estimated migrant stocks from 2013.
These are analytical estimates based on logical assumptions and derived from a global estimation of bilateral remittance flows worldwide. They are not actual officially reported data. The caveats attached to these estimates are: (a) the data on migrants in various destination countries are incomplete; (b) the incomes of migrants abroad and the costs of living are both proxied by per capita incomes in PPP terms, which is only a rough proxy; and (c) there is no way to capture remittances flowing through informal, unrecorded channels.
These estimates are based on the Bilateral Migration Matrix 2017.

No Comments on [Infographic] Top Money Transfer Destination by Country

Money Transfer for Businesses

Do you own or run your own company? If so, you will be familiar with the struggles of deciding how best to pay bills or do business with other companies….

Do you own or run your own company? If so, you will be familiar with the struggles of deciding how best to pay bills or do business with other companies. This becomes a particularly difficult task when such payments involve transferring money overseas. In today’s global business environment, dealing with various currencies and exchange rates on a daily basis can become quite complex, which is why we’d like to give a few tips on money transfer for business users.

By learning more about how to select the best way to transfer money from your business abroad, you could make significant savings on fees associated with making payments to or from another country.

Read on to find out more about all the many benefits of using a money transfer platform for your business!

1. Cost Savings

From a company’s perspective, it is always important to reduce costs where possible. When dealing with different currencies and countries, it can become quite complicated and expensive to transfer money overseas.

With platforms such as WireCompare, this task becomes easy. WireCompare is a comparison tool that finds the best way for your business to transfer money abroad at the best price.

Technologies such as peer-to-peer exchange allow you to avoid any hidden fees. This means that your company stands to make significant savings in comparison to funds transferred through a bank in the more traditional manner.

money transfer for business

2. Security

All businesses worry about security issues, especially when it comes to new technologies. It is always important to ensure that your company’s money is secure and being managed by a trusted agency. Sometimes when transferring money abroad, there can be risks of fraudulent activity or security issues.

WireCompare offers only government-regulated reliable providers of money transferring services. This gives you and your company full peace of mind when it comes to your wire transfers overseas.

Be careful never to transfer your money with an unregulated provider. If in doubt, do not proceed with the transaction.

3. Flexibility

With a comparison tool analysing all transfer methods available, you have the ability to select whichever method best suits your company’s needs.

WireCompare searches for the best transfer method for your requirements based on the following factors:

  • Exchange rate
  • Transfer company
  • Transfer speed
  • Payment method
  • Cost

For each payment you wish to transfer overseas, you can view all options available based on the above factors. You will never be limited on choice and will always have the best options available to you. This differs from going through the traditional banking route which greatly limits your options and can lead you to spending much more money than necessary.

4. Technology 

Today there are many options available when it comes to transferring money. In recent years there have been many popular applications developed privately with the purpose of saving consumers time and money on their transfers. These apps offer a wide range of choice while maintaining high levels of security and transparency.

Although you may believe that going through a bank is the best way to transfer your company’s money overseas, it is important to consider the benefits of using different methods which can offer significant cost saving advantages.

Give it a try today and see how WireCompare and its trusted partners can make transferring different currencies much easier and cheaper for your business.

5. Ease of Use

Sometimes it can be difficult to set up an international money transfer through the bank and there can be a lack of transparency regarding applicable fees. For a business, this can pose many issues such as when exactly the transfer will reach the recipient or whether the exchange rate was competitive or overpriced.

The solution to such problems is to compare all options available before deciding how best to transfer your payment overseas. This is why WireCompare offers your business clear and transparent information regarding all key details of each money transfer application.

By using a comparison tool, you can save all the time that would have been spent investigating each possibility separately before making your decision. You will also ensure that you get the best value possible and the best quality of service.

Leading the way towards success

As every business leader knows, financial issues play an extremely important role in the profitability of a business. As a manager or a CEO, you must understand how small details can make a big impact on the success of a business.

To ensure that your company always obtains the best exchange rates and transfer fees available, it is essential to consider all options before deciding which platform or company to carry out the transfer.

Save time and money by using WireCompare which will quickly provide you with all the information you need in order to select the best method for your company to transfer money overseas.

No Comments on Money Transfer for Businesses

[infographic] Money transfer & payment methods

When it comes to payment apps and money transfer apps people expect not only secure and reliable but also convenient service. Today, there is an abundance of choice, but which app is the…

When it comes to payment apps and money transfer apps people expect not only secure and reliable but also convenient service. Today, there is an abundance of choice, but which app is the best for you? Find out in this infographic and see what apps people prefer:

Volumes, trends and expert predictions, data collected in July 2017.

NB: When sharing please credit wirecompare.com with an active link.

No Comments on [infographic] Money transfer & payment methods

Type on the field below and hit Enter/Return to search