The average rate of global remittance fees is at 7.14 percent. For credit cards, the foreign transaction fee averages at three percent. We have come to accept these fees as standard, but are you aware that there is another option for sending money without fees.
Online payment solutions
We seek online payment services to be able to send money for free, especially when it is an international money transfer. There are several peer-to-peer apps that provide this financial service but only a few can be used without paying the high cost of fees. However, there is a money services app that you can use to make international and local funds transfers without paying any fee.
Advantages of this money services app
The advantage of this money services app is that your overall spending for such transactions, especially if done on a regular basis, cuts down the cost of the fees to zero. Another advantage of using this money services app is to is that you only need to make a one-time payment on a yearly basis. Still, another plus to using this app is that you can make an unlimited number of transactions daily.
Using traditional banking methods
Sending money internationally can take days when doing so using traditional banking methods via the SWIFT network. Though there are some transactions that cannot be made using P2P transactions such as payments to mortgage companies that require the money deposited into a bank account, for personal use such as sending money to loved ones that are located in other countries, using a peer-to-peer app is the advanced payment solution.
P2P transactions for personal and business us
Peer-to-peer (P2P) transactions, also known as person-to-person transactions, are fast becoming a popular form of remittance. It makes the remittance a lot more convenient, much faster and less costly. Using a P2P app for remittances can also be done by businesses as it can be used to do financial transactions such as paying employees their salary.
For hassle-free transactions
There are peer-to-peer apps that you do enable you to send and receive money instantly. But, it is common knowledge that your incoming remittance might be held for a period of time as that P2P app will be questioning the source of funds. When you want a hassle-free transaction that does not require you to figure out how much the cost of fees will be or if your money will be put on hold, then you have the option to use this P2P app for online payment services to send money for free and also provides you with other advanced payment solutions.
Send money for free
To be able to send money for free is what is considered by many as a fabulous discovery. It can provide you with hundreds of dollars of savings if you send remittances frequently. It can get rid of the headaches and provide you with the way to make payments, instantly, without any add-on fees. If you have been searching for this online payment solution that enables you to send money instantly, using this money services peer-to-peer app for your personal remittances or business payments.