Guides

Sending Money to Albania: What You Should Know

"Paraja është Fuqi" (Money is Power) — If you're contemplating sending money to Albania for personal or business reasons, knowing the intricacies can save you both time and money. Here's your complete guide to "transferim parash" 

TL;DR

• Sending money to Albania involves both traditional and digital avenues.
• Understand "tarifat e transferit" to navigate hidden cos...

Sending Money to Bulgaria: What You Should Know

"Пари пращане" (Pari Prashtane) or Money Sending — whether you're looking to send money to a family member or engage in a business transaction, navigating the money transfer landscape to Bulgaria doesn't have to be complex. Here's what you need to know.

TL;DR

• Sending money to Bulgaria involves navigating a complex landscape that goes beyond big banks and basic fees. 

The Evolving Landscape of Hidden Fees in Money Transfers

The absence of physical goods in money transfers doesn't justify high fees, yet they prevailed due to a lack of competition. Today, emerging competitive players are reshaping the industry, moving towards transparency and lower fees. This article delves into this evolution, spotlighting...

Saving on Money Transfer Fees with Cryptocurrency: It's Not So Simple

Traditional methods of transferring money across borders come with a variety of challenges— high fees and lengthy processing times being chief among them. This begs the question: can crypto currencies play a role here? Before answering this question, it is important to understand the Fiat-to-Crypto-to-Fiat Process in international transfers and the associated fees on crypto transfers. 

Do You Pay Taxes on International Money Transfers or Remittances?

When transferring money internationally, be aware of potential taxes. Some countries don't impose taxes on personal remittances, while others might tax larger amounts or classify them as gifts. Additionally, certain nations promote official channels for transfers with incentives. This article delves into international transfer taxation and features a comprehensive case study on India.