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P2P money transfer how it works Over the course of my career, I found myself having to send money overseas to businesses I’ve hired for outsourcing. I didn’t really think about the most cost-effective way to transfer money internationally. That was until I realized that a lot of money went to middlemen. After some research, I discovered peer-to-peer transfers. Since then, there was no turning back.

P2P money transfers have increased in popularity over the past few years. More people realize that they banks and brokers aren’t their only options when it comes to transferring money overseas. And the primary driving factor for the shift is the noticeable savings compared to more traditional methods of sending money abroad. (more…)

Travelex reviewWhile most online money transfer services are safe and reliant, not all are trustworthy. Therefore, you need to choose your preferred service provider carefully when transferring money from one country to another. This is because there are shoddy services that charge hidden fees.

With the explosion of internet money transfer, swindlers have flooded the internet. While avoiding being ripped off by the service, take heed of dodgy individuals who pretend to help you transfer funds only to steal your hard-earned money.

Travelex international payments

Luckily, there are several trusted companies operating across the world, such as Travelex. It is one of the leading companies in Europe. Today, the service covers 177 countries where it accepts the transfer of cash in 48 different currencies. Apax Partners is the parent company that owns and controls Travelex. The controlling group appointed Hafiz Changani and Michael Phillips as the Directors.

The company set base in 1976 in London and has since expanded its tentacles to all corners of the world. Today, Travelex operates retail centers in 27 countries. The next time you are traveling abroad, you need to check out Travelex currency services for a fast, hassle-free money transfer. Like many other services, there are intermittent delays occasioned by the conversion of money from one currency to another. (more…)

MoneyGram reviewMoneyGram is among the premier overseas money payment services in the world. Not only is it one of the oldest, it is also one of the trusted payment systems. It has gathered so much experience from its rich history that there appears to be a MoneyGram vs. Western Union competition. Having set up base in back in 1940, it has an impressive 60-year portfolio in money transmission across different continents.

MoneyGram overview

Over the past decades, MoneyGram payment systems have grown to become a household name. Its headquarters is in Dallas, United States, and has 347,000 agent locations around the world. It is listed in NASDAQ Stock Exchange and trades under the name MGI. At the end of December 2013, its annual revenue was $1,474.4 million signaling a net income of $52.4 million. Thomas H. Lee Partners and Goldman Sachs have a 51% ownership in the company.

MoneyGram how does it work

Money gram how does it worksYou could make online money transfers, money transfers, money orders, bill payment services, and pre-paid services using MoneyGram. The MoneyGram rates depend on the location you are sending money from and its destination. Any MoneyGram money transfer under 100 is calculated on a percentage. You will be charged USD 12 when exchanging USD 100 to GBP. In addition, you will be charged UD 397 when converting USD 10,000 to GBP. (more…)

Skrill Moneybookers logoThere are numerous online money payment systems today. While many are safe and secure, some of them are untrustworthy. You may use one reliably today, only for it to disappoint you the next time. Therefore, you have to do thorough homework before settling on one system. Alternatively, you could use a couple of Skrill alternatives for various money transfer needs.

Skrill online payment

Skrill Moneybookers is a payment system registered in the United Kingdom in July 27, 2001. The Financial Conduct Authority registered and authorized it under the Electronic Money Regulations 2011. It is permitted to issue electronic money transfer services in 40 different currencies.

The level of Skrill trustworthy is seen in its 36 million-customer base from over 200 countries around the world. In 2012, its revenue was € 200 million where it recorded £43 million Turnover, a 57% increase. At the same time, it registered a 37% increase in pretax profit at £19 million. The investors behind the company are CVC Capital Partners. (more…)

MoneyCorp reviewIf you are looking for the best payment system, conduct a fact-finding mission, to gain access to unrivaled analysis of such services as MoneyCorp International money transfer. A careful soul-searching is needed so that you separate the rogue companies from the legitimate service providers. Then decide whether to use MoneyCorp or Travelex.

Company Overview

This is one of the many services where you could send money to your loved ones wherever they are. Do you want to send fees to your son at an abroad university? Or do you want to remit money for upkeep to your family back home? If you are an expatriate, you could take advantage of the convenience from MoneyCorp online services.
The company was started in 1962, easily making it one of the world’s oldest international money payment systems. It has headquarters in Knightsbridge, London, United Kingdom and has offices in Spain, USA, and Ireland. Bridgepoint is the only institutional investor in the company. Its annual report of the year 2012 shows a turnover of 8.5 million GBP, which represents a 60,100 GBP gross profit.

How does it work?

Once you register and open a MoneyCorp account, and obtain a MoneyCorp explorer card, you can make one off payments or regular payments. In addition, make MoneyCorp online money transfers to virtually any destination around the world. Send a minimum of 50GBP and a maximum of 30,000 GBP using the online money transfer option. While the minimum amount of regular payments is 250 GBP, the website provides inconsistent maximum values.
The standard fee for online transfers is 5 GBP while an express online payment attracts a 9GBP charge. While Regular standard charge is 4 GBP, the express regular charge is 8 GBP. At the same time, make an express telephone booking for 15 GBP. (more…)

CurrencyFairy reviewWhen you want to exchange currency without incurring the hefty charges from banks, a peer-to-peer transfer is a viable option. How does it work? You simply exchange currencies independently with like-minded individuals without being connected to a central system. As you buy currency that other individuals are selling, you could benefit from better exchange rates than those charged by banks. Save on the huge bank rates today and spend the money on a holiday this festive season!

CurrencyFair regulation

CurrencyFair peer-to-peer exchange operates in a simple procedure. Suppose you need Sterling Pounds when going to United Kingdom from Australia and another person needs Australian dollars when leaving the UK for the Aussie. You would simply exchange your Australian dollars for his sterling pounds. The transaction is done online where both of you are subjected to a small fee for facilitating the service. CurrencyFair is frequently compared with TransferWise, for check this CurrencyFair vs TransferWise review.

Company overview

CurrencyFare teamHeadquartered in Ireland, CurrencyFair is an online currency exchange marketplace with branches in Australia, the United Kingdom, and Poland. Three musketeers- Sean Barrett, Jonathan Potter, and David Christian founded it in 2009. It is perfect for expatriates who want to send or receive money from their respective countries.
By the end of October 2014, the company had made a cumulative transfer of € 1.2 billion where customers saved around € 60 million that they would have incurred in bank fees. You could also take advantage of the low CurrencyFair exchange rates today. You will be charged 0.15% of the amount you exchange with other customers. In addition, there is a fixed transfer fee of GBP 3. (more…)

HiFX ReviewThe world is today flooded with online money transfer services. When deciding on one, you should exercise great care and restraint. The last thing you want is receiving numerous calls from your overseas employees saying that they did not receive their paychecks.
In addition, some services charge colossal amounts as transfer fees. When you want to make regular payments, you can take advantage of subsidized rates for a given period, e.g. one month, three months, or six months.

Company overview

When three seasoned investors come together to establish a company, you know it is a reliable one. This is what Shaun Taylor, Laurence Butcher, and Matthew Knowles did back in 1998. They established HiFX Plc, one of the leading non-bank foreign exchange companies in the United Kingdom.
The company is registered and regulated by the Financial Conduct Authority. It is a privately owned entity listed in NASDAQ. In 2001, it made an expansion by opening an office in New Zealand to serve Australasia.

HiFX how does it work

How does HiFX work?The company deals majorly in Spot Transfers, Forward Contracts, HiFX Euros to Pounds, Stop/Loss Orders, Market Orders, and Limit Orders. When making an online transfer in Great Britain, for example, the minimum amount is GBP 50 while the maximum is GBP 300,000. All this happens within a short transfer time.
Similarly, you can make minimum of GBP 10,000 in telephone transfer where these is no maximum. Always look at your currency converter and take advantage of the favourable HiFX exchange rate of GBP 1 for EUR 1.2685. Money will take 1-3 days to reach its recipient. He may need to provide scanned copies as proof of his identity and address.

HiFX is it safe

In 2014, Euronet Worldwide Inc., a trusted financial services provider, acquired HiFX. In 2013, the company made transactions worth £ 9 billion to various destinations across the world. The company has earned the trust of over 75,000 individuals and some 5,000 corporate companies. Therefore, you can rest assured that your money will reach its destination in one piece. (more…)

FairFX ReviewWhen the number of investors come together to establish a company, you know it is a trusted name because it has a solid background. This is what happened with FairFX in 2007. It has 10 shareholders namely; Amati Global Investors Ltd., J.M. Finn & Co. Ltd., Jarvis Investment Management Ltd., Barclays Bank Plc (Private Banking), Smith & Williamson Investment Management LLP, Rathbone Investment Management Ltd., Walker Crips Stockbrokers Ltd., The Share Centre Ltd., HSBC Global Asset Management (UK) Ltd., and Hargreaves Lansdown Stockbrokers Ltd.
The company is based at 68 Upper Thames Street, London, United Kingdom. It generates 400-million revenues annually; where 290.8 million is the net income. FairFX offers services to more than 362,000 customers from different countries.

FairFX review

You simply register for a FairFX Card and enjoy their next day travel cash services. It has a service known as FairPay that you can use to pay for products and services. Similarly, you can make a FairFX money transfer from one currency to another.

fairfx team

The service supports a number of currencies namely; Euros, Australian dollars, Canadian dollars, Czech Koruna, Indian Rupees, Japanese Yen, New Zealand dollars, Polish Zloty, South African Rand , Swiss Francs, and US dollars. (more…)