Guides

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. 

How to Send Money to People Without a Bank Account?

Sending money to individuals without a bank account is feasible through various methods. Cash pickup services such as Western Union provide a straightforward approach, albeit often with higher fees. Mobile money solutions like M-Pesa are increasingly popular, enabling direct transfers to mobile accounts. Digital wallets offer another option, particularly in developing nations. Prepaid cards and...

Understanding Currency Corridors: The Invisible Pathways of Money Transfer

Looking to optimise your international remittances? Understanding 'currency corridors' can help. These are the pathways your money takes between two specific currencies. A high-traffic corridor usually offers lower fees and faster transfers. For example, sending money from the UK to India might be more efficient than less common routes. Use Sendrater.com to compare real-time rates and make info...

Understanding Hawala: A Complete Guide on How it Works and its Legal Status

Hawala: it's not your typical money transfer system. Operating in the shadows of formal financial institutions, this traditional trust-based network offers a quick and often fee-free way to send money across borders. But it's not without its risks. From legal ambiguity to the potential for fraud, Hawala walks a fine line. Want to know if it's the right fit for your remittance needs or if there'...

Why Choose a Specialized Currency Provider and How Can I Pay?

TL;DR:

• Specialised currency providers offer competitive rates and lower fees compared to traditional banks.
• Payment options are diverse, including bank transfers, debit/credit cards, and some even offer cryptocurrency options.
• Using a vetted platform like Sendrater.com can streamline the process, saving you time and money.

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