In an era defined by globalisation and international connectivity, the need to find cheap transfer methods across borders has become a daily part of modern life. With the changing world life styles, today people need to transfer money abroad more than ever. While countless people have moved to other countries whether for work or other reasons, many companies around the world entered the global markets. Traditional banking systems have been inadequate to meet this challenge. Business and individual users went through difficulties with complex transaction requirements and ended up losing money and time in most cases.
Gone are the days when one had to rely on traditional banking methods to send money abroad with hefty fees. As traditional methods tend to come with high fees, they often dent either the sender’s or the recipient’s digital wallet or digital account.
Thankfully, the emergence of new payment platforms has changed the world of international money transfers, providing individuals around the world with various cheap money transfer methods. And among them, Jeton shines as a beacon of value for money and efficiency.
Choosing the Most Cost-Effective Money Transfer Method
Selecting a cheap money transfer method for your international money transactions is crucial, and it often starts with considering the amount you intend to send, as different methods can be better at varying transaction sizes. Also there are always hidden additional fees that you need to take into account if you are using traditional banking methods. But before delving into specific affordable options, let’s explore the reasons why people use international money services in the first place.
Common Reasons for International Money Transfers
Property Transactions: Today it is very common to purchase property overseas. Or people who move abroad want to sell their houses back in their home country. If you ever experienced this you know how payment transactions can be challenging. Whether you’re buying or selling a property abroad, you’ll need to transfer funds internationally to complete the transaction.
Mortgage Payments: If you are not buying your property with cash probably you have a mortgage. If you have an overseas mortgage, you need to make regular payments from your home country. And it is very important to pay the mortgage on time with the right amount.
Event Payments: If you are planning to organize an event overseas then you need to consider how you are going to finance your event. Paying for weddings, major events, or vacations in foreign countries often necessitates international money transfers.
Education: Today there are a lot of people who choose to study abroad for a better future. Many individuals send money abroad to cover tuition and living expenses for family members studying internationally.
Supporting Loved Ones: Many people migrate to other countries to get better job opportunities. Especially if they are living in a poor country, destinations such as the USA or European countries are at the top of the list. Helping family or friends who live or travel abroad is another common motivation for international transfers. These are generally recurring transactions for a certain period of time.
Business Needs: Many businesses have entered the global market in recent years. We are not only talking about big business cooperatives, even small local businesses have a chance to reach customers from all around the world. If you run an international business, you may need to pay International suppliers or employees.
Personal Relocation: Let’s say you have an irresistible job offer from an overseas country! Congratulations! If you’re planning to take the job and move abroad, transferring your finances to a foreign account becomes imperative.
There might be many more reasons why you need a better and more cost efficient way. Now that we have a better understanding of why international money transfers are essential let’s explore how to do it efficiently and cost-effectively. Here are the most popular and cheap money transfer methods to send money abroad.
The Cheapest International Money Transfer Methods
When it comes to international money transfers, a number of methods and services are available to suit users’ various needs and preferences. Below, we’ve listed the cheap money transfer methods to send and receive money internationally. Explore the popular, international, and cheap money transfer methods and find out why our very own Jeton Wallet stands out from its competitors.
- Digital Payment Methods
Digital payment methods, including digital wallets and digital cards, have been a game changer in the world of finance. Transactions using these payment methods are not only simple but also low-cost, making them popular among users. With a digital wallet, you can easily manage your transactions and view your remaining funds simply by using your laptop or your mobile phone.
Jeton offers an incredibly convenient and nearly instantaneous way to transfer funds abroad. The Jeton wallet is one of the most convenient and low-cost options to send or receive money across borders, but if both you and your recipient have a Jeton account, it becomes even more cost-effective.
Jeton charges a currency conversion fee based on the interbank exchange rate, supplemented with modest fixed fees, making it a budget-friendly choice for many. The mobile-optimized platform ensures accessibility via smartphones and tablets in addition to a user-friendly website interface. What’s more, Jeton’s global reach spans over 100 countries, making it a versatile option for international transfers wherever a user is located.
- Bank Wire Transfers
Bank wire transfers are a traditional and secure way to send funds internationally, and they have been so for a very long time. Most of the time, these kinds of payments are suitable for large transactions, and the fees are often transparent. However, they can be relatively slow and expensive and may require involvement from intermediary banks that can charge additional fees, resulting in unnecessary expenditures.
- Cryptocurrency Transfers
After the revolutionary development of blockchain technology, cryptocurrency transfers have become more and more popular. Cryptocurrencies like Bitcoin and Ethereum enable borderless transactions with relatively low fees. With Jeton, you can manage and make transactions using your cryptocurrencies hassle-free. Dealing with cryptocurrencies, however, involves a learning curve, as coin prices may be volatile. There are more stable coins used for recurring transfers.Please read about cryptocurrency before making an international transaction.
- Cash Pickup Services
In most parts of the world, some banks and digital payment services offer cash pickup services, which allow recipients to collect cash in local currency from designated locations. If you’re in need of urgent and fast hard cash, this option is suitable for you. However, it’s important to note that these kinds of transfers usually result in higher fees and less favorable exchange rates. Also you have to physically go to a cash pick up point and generally wait there long hours to send money. If you want to save time, we don’t recommend this option.
- Credit and Debit Cards
Debit and credit cards can be loaded with funds and used internationally. Due to their nature, they offer convenience and security. However, most countries require identification and/or a residence permit in order for users to obtain either one of these cards. In addition to the complex application procedure, using cards to make transactions can result in higher fees for loading and currency conversions compared to digital platforms.
The Benefits of Using Jeton for Making International Transactions
Efficiency and Affordability
You can send and receive money with your Jeton, even if the recipient or sender does not have a Jetton account, with ease. However, the real magic of Jeton comes to light when both the sender and the recipient have a Jeton account. This synergy unlocks a multitude of benefits that redefine International money transfers. Perhaps the most appealing aspect is the sheer convenience offered by Jeton Wallet. Transactions with Jeton become virtually instantaneous, easing the frustration of waiting for funds to clear across borders.
Minimal Fixed Fees
Jeton’s standout feature is its ability to keep fixed fees incredibly modest. We have been operating in many countries all over the world and this experience gives us the opportunity to provide the best fees for our users. These fees, though present, are strategically designed to have minimal impact on the overall transaction cost. This smart approach positions Jeton as the most attractive option for those who prioritize value for their money when sending funds internationally.
Seamless Mobility
Jeton’s appeal doesn’t stop at affordability and efficiency. Its mobile-optimized platform aligns perfectly with the modern individual’s lifestyle. Whether you’re in front of your laptop, on the go, or simply prefer managing your finances from the comfort of your smartphone or tablet, Jeton’s mobile app and website caters to your needs. This accessibility ensures that regardless of your location, sending money abroad becomes as effortless as a few taps on your devices. Jeton app has a user-friendly interface. It is fast, secure and easy to navigate.
Excellent Customer Service
Jeton provides its users with an excellent customer experience. Our customer service is available 7/24. You can reach out to the Jeton Customer Service through e-mail or the Live Chat option. Our experienced agent follows you through all the steps when you need help. You can also visit our blog where you can find answers for general questions and you can stay updated about new financial technologies.
Security of Jeton
Jeton is a secure payment provider. Jeton is equipped with the latest technology in terms of cyber security. Jeton provides additional security layers including Two Factor Authentication also known as 2FA, Know Your Customer (eKYC) and encryption technology known as tokenization. No matter what type of Jeton services you choose, we aim to provide the highest level of security for all our customers. If you are Business Owner accounts the best protective measure lies in cutting edge IT: payment card industry (PCI) compliance — a security standard that involves crucial goals for attaining and sustaining certification.
Best User Experience
Jeton provides solutions according to the needs and demands of its customers. Customer satisfaction is our priority. That is why we are constantly updating our platforms to meet the needs of our users with seamless instant operations. Jeton dashboard is simple yet very effective. Moreover, different language options are available. Jeton also has a lot of exclusive cashback and discount offers.
The Versatility of Jeton
Jeton is the go-to option for international money transfers owing to its global reach. Spanning services across a diverse array of more than 100 countries, Jeton seamlessly bridges the gap between different regions, currencies, and financial systems. This makes it an ideal choice whether you’re supporting a family member, their education overseas, assisting friends living abroad, or conducting business on an International scale. Jeton has a bounce of financial products that you can use for all types of transactions.
Choose Jeton for Cheap International Money Transfers
We all know that international transactions may be challenging if you are not using a platform that suits your needs. There are many hidden fees and costs associated with traditional methods. Sometimes international transactions may delay up to weeks. This is definitely not the case with Jeton.
In a world where financial transactions are becoming increasingly borderless, the Jeton stands as a beacon of innovation and practicality. Its ability to provide both convenience and affordability in tandem sets it apart as an exemplary solution for cheap international money transfers.
If you’re navigating personal financial obligations or facilitating international business transactions, Jeton offers a platform that caters to your needs. It doesn’t matter the size of your business, Jeton offers many different financial products. The era of exorbitant fees and lengthy waiting times for international transfers is coming to an end with the rise of digital payment systems, led by our Jeton. Sign up today and enjoy streamlined payment solutions with Jeton account, where sending funds across borders is both seamless and cost-effective. It is easy to register for Jeton. Just visit our website and follow the instructions. Once you are verified you are ready to benefit from excellent services of Jeton.
