Posted by Today’s post was written by Gary. Before moving into his current role as Business Development Manager, Gary helped to develop NETELLER’s online Money Transfer service as the Marketing Manager for that program.
So a couple of months ago, I wrote a few blog entries about how I’ve already used NETELLER’s online money transfer service to save myself time and money. I talked about using Money Transfer to save myself headaches while sending funds to friends and family overseas.
The problem is, while the convenience of the service is obvious to everyone who reads the blog, it’s less clear how Money Transfer saves you money, unless you know the ins and outs as well as I do.
Stop paying someone else’s rent
I’ll start by talking about the most visible form of Money Transfer – the kiosk. You’ve probably seen Western Union kiosks around the world if you’ve done any traveling. These stand alone locations charge a lot for transfers because both the sending and receiving kiosk agents need to get a cut of the money transfer transaction.
Their customers usually pay higher fees to cover the rent for their kiosk location, as well as wages for staffing the kiosk. The kicker is that this type of money transfer service is less convenient and no safer than many online money transfers.
Stop paying fees you didn’t know you had to pay
The next most visible form of money transfer is bank transfers. The problem with this one is that when sending money between 2 banks, a sender (and the sender’s bank) has no control over additional hidden fees that the receiving bank might charge the receiver before releasing the funds.
In effect, the amount received will always be less than what the sender expected it to be. With hidden fees, you never know how much of what you send will actually arrive. And that’s a pretty important thing to know.
A better way to send money
In this day and age, the safest, most cost-effective way to send money is to use a service that controls the transfer network from the sender, through to the receiver. NETELLER Money Transfer does just this in over 180 countries with 20 global currencies!
Affordable, transparent fees with NETELLER
Because NETELLER manages the entire transaction from the sender through to the receiver, we only charge you once. The transfer fee is paid by the sender at the outset at a fixed rate of 1 per cent of the transaction up to a maximum of 10 USD (or equivalent).
Keep in mind, the money transfer may also be subject to a currency conversion fee if the sender and receiver use different currencies. NETELLER charges the average daily market exchange rate plus 2.5 per cent for all foreign currency exchange.
Save time, money and headaches with Money Transfer
If you send money to friends and family as often as I do, you don’t need me to tell you that every cent you send in fees could be put to better use. That’s why it’s so important to shop around. Save yourself some effort and take a look at NETELLER Money Transfer today. You’ll like what you see.
Have you used our Money Transfer service? Tell us what you think of it.
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#1 by Kenneth on November 18th, 2009
Handelsbanken (som jag använder) har på sin hemsida angett att Neteller har ett direktbetalningsalternativ.
På Netellers sida finns dock inget om detta, så jag tog kontakt med Handelsbankens huvudkontor som bekräftade att Neteller har ett avtal om direktbetalning utvecklat för kunder hos Handelsbanken och att det skall finnas på Netellers hemsida.
Dock finns det inte där (än?)
Vore väldigtbra om Neteller kunde börja använda sig av detta då det skulle underlätta enormt för alla Netellerkunder som har Handelsbanken som bank i Sverige.
Eller åtminståne kontakta Handelsbanken och reda ut det för om det inte används är det missvisande.
MVH…….