How do I transfer easily internationally?
Nobody has a straightforward answer to that question, as there are many variables and different platforms to takie into consideration. You have to decide what you are searching for and what your desires are when it comes to the dream transfer platform. You have to send ASAP money in a hurry? Or perhaps speed does not matter and you are prepared to wait a week but save money instead on this? Are you often sending money to different countries which requires currency conversion and good exchange rates and wide availability of foreign currencies are the essentials for you?
There is a different platform for each of these requirements.
Effective global banking networks - Growth opportunities and enhanced quality of day-to-day lives
Not quite so long time ago we looked in our nearest place for products and services. Then we could reach surrounding towns and shops in metropolitan areas with the development of transport. Now, with ever more users and a well developed logistics and transportation system joining the Internet world, we can conveniently order an object from a nation 1000 kilometers far away and expect it in what, three days maybe? The Web 2.0 is gradually evolving, and thus we see the emerge of Commerce 2.0. Where humanity has to go is incredible. Which are the main factors for that though?
Cashless payment means have been invented by people really quickly. Initially, conventional banks and old fashion remittance companies used basic wire and telegraph lines to offer cashless transactions. The whole idea was to exchange only the information on where to and who is making a transfer, but without ever moving the currency physically. In order to ensure liquidity, it was necessary to keep up with the amount of the cash deposited into each bank. It was much more safe and faster. Companies like Western Union for example were among the first private firms to concentrate on the transfer of money, first simply within the US, then between countries. And that's also how they have developed a network and international money transfers which have opened up a wide range of possibilities.
Popular transfer systems established
Today, a wide variety of transactions and payment systems are open to us. A quick google search of a phrase such as "international transfer online" gives out thousands of relevant results. From classics such as PayPal or Western Union to currency-oriented ones such as XE let's say for example. You name it. But each of these provides characterised by their own features and costs. So how do we pick the best and what good money transfers actually mean?
It's best to do some basic research to choose a platform suited for yourself. For example: let's read reviews. It's important that the review covers both pros and cons of the particular platform and showcases the real-life experience and first-hand usage of it. Let's take a look at TransferWise, which is a popular online international transfer platform. This TransferWise review explains well all of their fees, registration process, but also discloses their markup on exchange rates and platforms' limitations. The author also quotes some of the popular customers' reviews and most common problems. That way you get a whole knowledge about particular platform. Now simply compare few of them and choose which suits your needs best.