What Is The Cheapest Way To Transfer Money Internationally?

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. 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 wallet. 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, our Jeton Wallet 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. 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: Whether you’re buying or selling a property abroad, you’ll need to transfer funds internationally to complete the transaction.

Mortgage Payments: If you have an overseas mortgage, you need to make regular payments from your home country.

Event Payments: Paying for weddings, major events, or vacations in foreign countries often necessitates international money transfers. 

Education: Many individuals send money abroad to cover tuition and living expenses for family members studying internationally.

Supporting Loved Ones: Helping family or friends who live or travel abroad is another common motivation for international transfers.

Business Needs: If you run an international business, you may need to pay International suppliers or employees.

Personal Relocation: If you’re planning to move abroad, transferring your finances to a foreign account becomes imperative.

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.

1. 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. 

Our Jeton Wallet 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.

2. 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.

3. Cryptocurrency Transfers

Cryptocurrencies like Bitcoin and Ethereum enable borderless transactions with relatively low fees. With our Jeton Wallet, 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.

4. 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.

5. 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 add 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 wallet, even if the recipient or sender does not have a Jetton account, with ease. However, the real magic of Jeton Wallet 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

One of Jeton Wallet’s standout features is its ability to keep fixed fees incredibly modest. 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 Wallet’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. 

  • The Versatility of Jeton

Jeton Wallet 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. 

 Choose Jeton Wallet for Cheap International Money Transfers

In a world where financial transactions are becoming increasingly borderless, the Jeton Wallet 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 Wallet offers a platform that caters to your needs.  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 Wallet. Sign up today and enjoy streamlined payment solutions with Jeton Wallet, where sending funds across borders is both seamless and cost-effective. 

Start sending money with Jeton