What is Needed To Send Money Online?

Sending money online is one of the fastest and cheapest ways to get the funds you need to your family and friends. Sending money online is far easier than you might imagine, you only need a few simple things in order to get the money you need.

The Basics

For starters, in order to send money online you are going to need to have an account with some online money transfer company. Sharemoney.com is a great company that can send money to your friends and family in another country. Say for instance you are sending money to a friend in the Philippines. You would need to have an account with a company that can transfer money to the Philippines, like Sharemoney, in order to make sure you are going to be able to send funds.

Sender Information/Recipient Information

You will also need to provide both yours (the sender’s) and recipient’s information so that you can be sure the money is going to get to where it belongs.  Though you can have the money sent to a bank or cash pick up location, you will still need to provide your recipient’s phone and address information, so that you can be sure you are going to get your money where it belongs. You will need to provide your information as well so that if anything goes wrong with the transfer, the company has the information they need to contact you.

Payment Method

You can pay for your online money transfer through a few different methods. The first, and possibly the easiest is with your debit or credit card. This method is often faster as well as you are not going to have to wait for your bank account to process and verify the transaction. If you are using your debit card you may also be able to avoid certain processing fees that are associated with using a credit card.

Delivery Method

You can also choose from a range of delivery methods available in each country. Discuss with your recipient how they prefer to retrieve your money transfer. For example, if your recipient has a cash pickup location near their house, it might be easiest to send your money directly to that pickup location. Sharemoney allows you to pick individual cash pickup locations for your convenience. If you are sending the funds to a home via door to door delivery, you need to have the address and the name of the person that has to sign for it. You can also have the money deposited directly into the recipient’s bank account if they have one. If you are using the direct deposit method, make sure you have the correct bank account information of the person you are sending money to.

Regardless of delivery method, make sure your recipient has an ID available when retrieving the funds, as most payout agencies will require such a document before paying out your transfer.

If you have all the information that is discussed above you can quickly and easily get your money transfers sent and delivered for far less than you might imagine. No matter what method of delivery or payment you use, having the right information can make a huge world of difference and can help make the process even faster. Sending money online is easier than you could have ever imagined.