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Money which has been a chief force behind the development of trade is conceivably the most noteworthy innovation of mankind. Money transfer is one of the most secure ways of sending money from one account to another by just using a credit or ATM card. Cash is not used as a mode of payment for debt payment or purchasing something. A time might occur when an international money transfer is required. A loved one might be traveling or working globally. If an emergency crops out, money transfers are the best thing to opt for. They are very secure and come in very handy during emergencies. One can transfer money by various methods like wire transfer, money order, bank draft, instant money transfer and internet money transfer. Internet has been emerging as a major way of transferring money because of its convenience and hassle-free nature. Thus today money is sent anywhere in the world with just a matter of few clicks. To do online transfers, email is inexpensive, speedy and protected. The email address of the recipient is only needed while there is no use of bank address, account number and other financial details. A few things should be kept in mind while transferring money online:- A. The most vital feature to look for in the website that one has choosen to transfer money is security. One should always look for security authenticators such as, the VeriSign or Verified by Visa signatures to be absolutely sure that the money has been transferred. B. Another key factor is whether the website uses Secure Sockets Layer (SSL) technology. SSL is a protocol used by the websites to obtain confidential user information. This significant element can be with no trouble recognized by checking if the URL starts with https instead of http; if it does, the website uses SSL technology. C. One should also keep in mind how simple or tricky it would be for the recipients, be it one’s friends or relatives or business acquaintances to access the sent funds. The most suitable and opportune method is through the use of a rechargeable debit card. D. The last and final thing to consider is whether it is affordable or not. The best place to start a price comparison is at the Remittance Price Worldwide (RPW) database that the World Bank publishes every year. As a rule of thumb, something above a seven dollar fee for every 1000 dollars sent, is costly when sending money outside of the United States. For more information about money transfer please visit us at www.comparemoneytransfer.co.uk .
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