People all over the world started to move to other countries to look for better living opportunities or just simply to get to know new cultures and experience life in another country. The world became smaller due to digital advancement. In this global village of today, it is impossible to limit ourselves with the borders of our country. Today, no matter if you are in a small French town or on top of a skyscraper in Singapore, one simple click is enough to connect you with the other side of the world. It is not just zooming. It is much more than that. It is also possible to be bridged financially.
Not for long but ten years ago, we had to wait for hours on the line to send money overseas. It was not only time-consuming but also a strenuous process. Banks used to ask for various documents for every transfer. IDs, long account numbers and many signatures. Despite all this challenging effort, we were not informed about any step or the time of arrival. A messy and untrustable process which was full of delays, risk of human errors and paperwork. Today in many countries there are still money sending points. These might be small kiosks where people go and send their money manually. This is also not an effective way to send money abroad. After you send your money through these providers it is quite difficult to track your operation.
If you are a traditional bank user, you need to open a wire account to send money abroad. These accounts come with additional charges such as monthly or annual fees. Why would you pay more money while there are cheaper or free options available for you? Also traditional bank transactions can delay up to days or in some cases even weeks.
Whether you are sending money abroad for your loved ones or for business purposes there are essential points that you need to take into consideration. Transferring money abroad was considered as an expensive and difficult way. But, thankfully, today the situation is totally different! You do not have to carry the whole cash with you anymore. No room for concerns such as theft, loss or keeping it safely. You can load your money into a reliable money transfer account and enjoy living in the 21st century. However, there are some specifications you must be careful about whilst you are choosing the best one for you. We recommend you to read our article before you decide.
What to Know Before Sending Money Internationally
Are you a student studying abroad? A freelancer? Is it for a mortgage? Does your landlord reside in another country? Are you interested in buying a property overseas? Or you have moved to another country as an expat or just to work in better conditions and you want to send money to your family and loved ones.
According to why, you can open an account type which meets your needs. For instance, a B2B or B2C can be the right choice for a freelancer whereas you may need an account with high deposits and withdrawals to purchase a property. Or simply you want to send money regularly to your home country.
Most of the banks and financial institutions offer different types of services for international money transfers. With the revolution of digital technology now there are more alternatives to traditional banking. These digital solutions might fit better to your needs and you can save time and money. Typically digital payment providers offer faster and more secure online transactions.
Keep an Eye Out for Exchange Rates
In today’s world, considering speculations and volatilities, a foreign fiat money value changes constantly. To protect yourself from these fluctuations, you can prefer a multi currency account like Jeton. This will enable you to keep your money in various currencies and take position against unstable exchange rates.
With Jeton you can make transactions with local currency that you prefer, this will allow you to avoid additional exchange fees or costs. Also using local currency will accelerate your online transactions.
Be Cautious About Hidden Fees and Costs
Frankly, it is impossible to avoid fees and costs entirely in international transfers. But a short search about the company’s fees list can be helpful to shape an idea. Please note that if you are a parent who must send money abroad weekly to your daughter studying abroad with Erasmus, you can go for a standard fee for a certain limit.
If you are making bigger transactions such as buying a property abroad then this cost will be much higher than expected. Jeton is a transparent platform. Before initiating your international transfer you can view all costs beforehand on Jeton. If you can’t figure out what will be your exact cost for your money transaction just go to the Live Chat section in Jeton, 7/24 available agents walk you through the process and answer any questions.
Always Choose a Trustworthy Platform
Do not forget there are many unreliable companies wrapped in a shiny package and empty promises. Both your personal and financial information can be in danger on these platforms. Therefore, it is extra important to find one with trustworthy licenses and a high reputation in the sector. We recommend you also to read online reviews about these platforms. Also it is a good idea to check how they are performing in the country that you want to send money.
Check with the company’s security measures. If an online payment provider doesn’t provide advanced security measures such as encrypted data or 2 factor authentication services, we recommend you think twice before you share your personal information. Also look for accessibility and global reach capabilities of the provider.
Timing for Money Delivery is Essential
The company must have a fast money transfer policy. In many cases, time to receive international transfers is approximately given before confirmation of transaction. If not, we advise you to contact customer service to learn. Because, there will be cases when you need to be certain about delivery time. Plus, an emergency situation can occur anytime and you would not be able to clock the necessary amount to your beloved ones.
You can always read the current customer reviews about transfer duration before registration. Jeton Company serves a seamless and smooth international money transfer. Jeton aims for the best customer experience for its users. Besides providing a multi currency account with multiple benefits, its transparent approach about fees and costs creates a budget-friendly alternative for those who want to transfer money abroad to their loved ones.
Exploring the Right Way to Send Money Online
When deciding which service to use for sending money, it can be beneficial to compare choices to determine the right fit for your requirements! Here are some key factors to take into account;
Understand the expenses involved in transferring money and be aware that certain services may have fees, with exchange rates or the opposite way around.
How user-friendly it is. Take into account how easy it is to use the service. Can you transfer money online, or do you have to go to a place in person? Is there an application available for use? Jeton offers all these important features without needing to show up physically. You can manage and track all the transactions through the Jeton App. Jeton app has been designed to provide a smooth and simple journey to our users. It is easy to navigate.
Ensuring you have dependable customer assistance is essential when managing finances; seek out services that provide support promptly through chat or phone communication whenever necessary. Jeton customer services is operating 7/24 in order to provide the best solution for its customers whenever and wherever they need.
In general digital service providers only provide general information about the operations. Note that not all services are available in all countries, so be sure to check whether the service provider is able to send and receive money from the countries you want to send money to. We recommend that you check information on the website of the provider.
Common Mistakes People Make When Sending Money Abroad
When you send money overseas it can feel overwhelming and even small mistakes can end up being expensive. Your money may delay or you can lose the track of your money forever. With the new technology, these types of mistakes have been minimized to a large extent. Now the majority of the platforms offer automated services however there are still common mistakes. Here are a few errors to steer clear of;
Make sure to verify the exchange rate before sending any money to ensure you are sending the correct amount due to potential fluctuations in rates. Or simply use your local currency account provided by Jeton so you will know that the recipient will get exactly the indicated amount. Jeton also provides you real-time currency exchange rates within your account.
When considering fees of a service provider, be sure to explore beyond the rate to check any fees that could be involved in the transaction process. Some providers charge a fixed fee, while others base their charges on a percentage of the total amount and some may even use a combination of both methods. These additional fees are generally stated on the terms and conditions section of their website. Before you register, take a look at this section. For example try to avoid SWIFT transfers because they generally come with additional fees, which can add up if you make many payments.
Don’t forget to double check the recipient information. Make sure you use the right bank and personal details. This may lead to irreversible problems.
Personalise your account settings. You can make some preferences for the recurring processes while you are sending money abroad to your loved ones. Once you enter all correct information about the recipient you can save this information for the upcoming transaction. This will lower the chance to make mistakes and help you to save time, you don’t need to provide the same information over and over again. It will be automatically saved, then you will only indicate the transfer amount and wait with a peace of mind until your transaction is completed.
Don’t resort to using unreliable platforms when you’re in a hurry. Opt for services that safeguard your money and personal information. Do a deep research about the company, it is important to choose a platform with operation licenses. Also you can read the customer reviews about this entity and decide if they are a reliable provider. Also it is important to remember that while some providers are handling very successful and reliable operations in one country that doesn’t mean that they are reliable in other countries.
Securing Online Transactions in Global Financial Transfers with Jeton
When you’re thinking about sending money, it’s important to check out the security features of the transfer service you’re using. Choose a platform that has encryption and measures in place to prevent fraud. Platforms like Jeton not only make sure your transactions are safe but also offer customer support to help you out if you have any worries about online security.
Jeton has been operating in more than 100 countries around the world. In less than 4 years Jeton has touched the lives of more than 1 million people across the globe. Today in 2024 Jeton is one of the most trusted online payment providers in the world.
With a user-friendly interface Jeton offers all necessary services to its users. If you want to send money abroad you can choose Jeton for a safe and secure transaction. If you want to send money abroad with peace of mind, Jeton is a tailored designed payment provider for you.
Jeton provides fast transactions all over the world. We prioritize customer satisfaction. If you are looking for a safe and secure licensed payment service we are here to help.
Visit Jeton.com today and start your journey with us.
