Do you know every day millions of overseas send money back home? It may be for the financial support of family, paying for school fees or bills, or any other purpose. Everyone has to fulfill their basic needs and for this expats help their families. But what if you have to face many challenges while making online money transfers? First of all, you do not need to worry because you are not alone. Many expats face such issues regularly and do you know what they are?
Here, we have a list of challenges that overseas face when sending money back home internationally. We will also share the solutions to these problems so let’s start.
1.High Fees
Expats work hard and make some money for themselves and family. In this amount, you have to manage your bills, rent, food, travel costs, and medical expenses including sending money back home. Some banks and money transfer companies charge high fees for their services. These charges can take a big part of the money you want to send.
This will create problems in your budget plan and you may have to start a part-time job. As a solution, you need to search for a company that is fully transparent and has no hidden charges. Some service providers offer lower exchange rates and you need to avoid using such services.
Try Remit Choice to save hard-earned money while making online money transfers. We have 0 hidden charges and competitive rates for every money transfer worldwide. We will charge a minimum fee that will be displayed on the dashboard where you enter the transaction amount on our website or mobile app.
2.Slow Transfers
Many banks and money transfer service providers make your transactions successful slowly. Due to this you and your loved ones may face many hurdles. If they need money urgently to pay a bill or for medical purposes what will they do if they don’t receive money at the right time? Whenever you decide to choose a money transfer service provider, keep in mind the delivery time of the transfer.
You need a fast and secure international money transfer which can only be possible if you choose the right service. Avoid services that take days or even weeks to complete your transaction. You can use Remit Choice money transfer because we offer instant or same-day transfers. Our services are fast compared to traditional banks.
We have a technically advanced system through which your money is delivered instantly and securely. You will be comfortable and relaxed thinking that your hard-earned money is right there where it should be. You can also track your transaction through our live tracking system. Use your tracking ID and keep you updated with the whole process.
3.Complicated Processes While Making Online Money Transfers
Most companies have a complicated process for making international transactions. These complications may create problems in verifying documents, adding recipients, selecting preferred payout methods, creating profiles, and verifying email addresses.
When using such services you will feel frustrated and exhausted with them. We know you need comfort of mind because you are already living alone far away from your family. That’s why we provide the simplest transaction process from creating an account to completing your transaction. Whether it is your first time that you are using a money transfer service or a regular customer, we have a smooth transaction process.
On our platform, there is no delay in making your transaction because we have a fast verification system. Your documents and profile will be instantly verified and money delivered in no time. You can use our website or mobile app to create an account, add a recipient, and complete your transaction with just a few steps.
4.Hidden Charges
Some money transfer companies show you good rates and zero fees on their platform but unfortunately, you get trapped in their hidden charges. They actually keep a markup by offering lower exchange rates and unexpected charges on a transfer. Such services cost you more than expected and you lose a lot of money.
Always keep an eye out for any hidden costs and exchange rates when making online money transfers. You can check online reviews of that service provider and check if they are genuine or fake. You can easily analyze the real review and make the right decision before making online money transfers.
We at Remit Choice Money Transfer have 0 hidden charges and we promise to deliver the required amount to your loved ones after a minimum fee deduction. We display the original cost that we charge for a transfer, including the best exchange rate. Our rates are equivalent to mid-market rates and transparent so you know exactly what to expect.
5.Limited Network
Various money transfer companies have a small network and when you want to send money you may not find your desired location. Moreover, you may not access the desired payout partner in your receiving country. A company with a small network cannot facilitate you in the way you want.
You need to search for another option that is easily accessible in any country. A remittance company that you choose should have a large network so you can send and receive money from anywhere in the world. You and your loved ones deserve ease and comfort when it comes to sending and receiving money.
Remit Choice gives you comfort so you can make online money transfers from your mobile phone while sitting at home. Your family can also receive money easily because we provide fast transfers through mobile wallets, bank transfers, and cash pickup. These three services create easy access to money for your recipient. You can select the service that you want in your receiving country. We make sure that our customers get all possible facilities from us without paying an extra amount.
6. Online Scams
Many people face online scams by fake websites and apps for making online money transfers. Scammers use cyberattacks to steal the money of innocent expats. They show everything is best and free, you just need to enter the amount through your card. When you enter card details they hack it immediately and transfer your amount to their account.
You need to be aware of any scams and also avoid clicking any suspicious emails or links. Your safety is in your hands and keep yourself protected from any fraudulent activities. Use highly recognized and regulated money transfer companies. Double-check and verify the authenticity of the company before making online money transfers.
If you choose Remit Choice during online money transfers you will be confident that your money is in safe hands. We have a 100% secure and advanced encrypted system. We use highly protected technology and if our system detects any fraudulent activity we immediately take action against it. Our secure platform not only keeps your money safe but we also protect your personal information.
We are regulated by various government entities in many countries. Moreover, we have a special AML team to track any money laundering activity.
Final Thoughts
If you’re having trouble while making online money transfers abroad, don’t worry—there are solutions. By choosing the right service, you can avoid any challenges that you encounter. Remit Choice is your right choice that solves many of these problems by offering low fees, and fast, and secure transfers to many countries around the world.
No more headaches—just smooth, easy, and affordable money transfers!
