Online Money Transfer

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Money transfer online
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• Going to the bank has become such a rare
  occurrence thanks to technology. We no longer
  need to stand in line for ages just to withdraw
  even the smallest amount of cash. If you do need
  to go to the bank, rarely do you have to talk to
  a bank teller and the human-to-human interaction
  has been greatly limited thanks to cash
  withdrawal and deposit machines as well as cheque
  deposit machines.
• However, there are more and more platforms that
  provide all the right services so you dont have
  to go to the bank at all not even to transfer
  money. The one problem people have with regard to
  such online services is safety.

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• How secure are online money transfers? Can all
  these websites and platforms be trusted?
  Unfortunately, if you want to send an online
  money transfer to Sri Lanka, for instance, there
  are quite a few issues that can spring up.
• Firstly, you need to make sure the platform you
  use is secure. Some obscure website may charge no
  transfer fees, but theres a chance that the
  website is unreliable.
• Another issue that can come up when you want to
  send money to Sri Lanka is that country is
  usually late to the party when it comes to such
  platforms. Many online money transfer websites
  only allow transactions within America, so youll
  have to find a service like SpotOn Money to send
  money to Sri Lanka.
• Lets now look at seven ways to safely transfer
  money online.

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• 1.Online banking
• Most banks offer online banking and actually
  encourage it. From checking account balances to
  receiving bank statements, online banking makes
  banking convenient, easy and quick. Online
  banking facilities also allow bank-to-bank money
  transfers.
• Its a direct transfer from your account to
  another, and if you want to send money to Sri
  Lanka, online banking is a good platform to look
  at.
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• 2. Digital wallets
• Cards made us go cashless and now phones are
  making us go cardless. Replacing wallets are
  digital wallets, which you can carry around in
  your mobile. No longer do you have to carry a
  bulky wallet with you, worry about forgetting it
  somewhere, and having to fish through it for your
  cash or cards.
• E-wallets like Google Pay come in handy at
  supermarkets and restaurants, and offer some
  great deals and promotions. They can also be used
  for online money transfers.

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• 3. E-payment
• When you think of online payments, PayPal is
  perhaps the first name that comes to mind. PayPal
  really has changed the convenience of online
  shopping, and is a secure way to transfer money
  online. By following a few simple steps, you can
  easily transfer cash and make payments.
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• 4. Mobile payment service
• Owned by PayPal, Venmo is a name that turned
  online money transfers into a social activity. By
  sharing your details with friends and family, you
  can easily have money transferred to you via
  Venmo.
• Since Venmo is on mobile, it is convenient and
  makes online money transfers a quick and simple
  task. You can either link a debit or credit card
  to your Venmo account or store money in Venmo
  itself. You can use your account to send and
  receive transfers, as well as make purchases,
  connect with people, and transfer money to your
  bank.

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• 5.Money transfer services
• If you want to make an online money transfer to
  Sri Lanka, services like SpotOn Money can be a
  secure and fast way of making the transaction.
  SpotOn Money, for instance, lets you set up an
  account for free, and once the account is
  approved, you can easily send money to Sri Lanka.
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• 6.Money movement services
• The yellow Western Union board is one that can be
  spotted anywhere. The name is so ingrained in our
  minds and it is one of the most used platforms to
  transfer money. Western Union allows you to
  making online money transfers to a bank or for
  cash pickup, and is way to send money to
  countries around the globe safely.
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• 7.Online bill payment
• If the online money transfer you wish to do is
  for the payment of a bill, there are many great
  online bill payment platforms that are safe and
  secure. Online banking, digital wallets, and
  money transfer services also let you pay bills
  online without any of the hassle of standing in
  line and filling out forms.

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