Top 10 Best Online Money Transfer Services

These are the best services for transferring money between two people. Services like these initially gained popularity as consumers needed a way to transfer money quickly and efficiently. Sending personal checks, money orders, or cash was too time-consuming and risky, especially for online purchases on platforms like eBay or other auction sites. Consequently, there was a demand for a digital solution that didn't require consumers to set up merchant accounts and process payments themselves.

Today, the market is dominated by a handful of players, but there are always new entrants on the horizon looking to add something to the game. Here, we have listed 10 online payment services for you to vote on and add to, in an effort to determine which service is the very best for transferring money between two people.
The Top Ten
1 PayPal PayPal is a widely recognized online payment system that allows users to make financial transactions directly across the internet. It provides a fast and secure way for individuals and businesses to send and receive money online.

PayPal is the de facto leader in electronic payments. Much like how Google is synonymous with search, the PayPal name has essentially become synonymous with the industry in which they operate. They host 100 million active accounts in 25 currencies and were one of the main reasons why auction sites like eBay have had such great success.

I like PayPal because it saves me time by eliminating the need to wait in queues. Additionally, special offers and notifications help me shop more effectively. Keep on rocking, PayPal!

Visit Website
2 Cash App Cash App is a mobile payment service developed by Square, Inc., allowing users to transfer money to one another using a mobile phone app. It's known for its simple interface and ease of use. Visit Website
3 Venmo Venmo is a mobile payment service owned by PayPal. It allows users to share and make payments with friends for a variety of expenses, from meals to gifts and small loans. Visit Website
4 WebMoney WebMoney is a global settlement system and environment for online business activities. It offers a variety of financial services including online money transfers, currency conversion, and payment solutions.
5 MoneyGram MoneyGram is a global provider of innovative money transfer services. It's a reliable way to send money quickly and safely to friends and family in more than 200 countries and territories.
6 Remitly Remitly is a digital remittance service that allows users to send money abroad conveniently and at a lower cost than traditional remittance services. It's particularly popular among expatriates sending money home.
7 Western Union Western Union is a well-established leader in global money transfer services. It provides a way to send money to over 200 countries and territories through their mobile app, online or from an agent location.
8 Zelle Zelle is a U.S.-based digital payments network owned by Early Warning Services, a private financial services company. It offers a fast, safe, and easy way to send and receive money with friends, family, and others you trust.
9 Revolut Revolut is a UK-based financial technology company that offers banking services. It includes a pre-paid debit card, currency exchange, and peer-to-peer payments.
10 Apple Pay Apple Pay is a mobile payment and digital wallet service by Apple Inc. It allows users to make payments in person, in iOS apps, and on the web using Safari. It's secure and easy to use with the devices you use every day.
The Contenders
11 Amazon Pay Amazon Pay is an online payment processing service owned by Amazon. It provides a quick, easy, and secure way for consumers to purchase goods and services from online stores and make payments.

It has a very good payment system. There are many modes for paying off your bill. Does it offer cashback on gift vouchers?

12 Skrill Skrill is a digital wallet provider enabling a range of online payment and money transfer services. It's a simple, secure, and quick way to send and receive money worldwide.

It is really a tremendous and safe website. I definitely recommend it for those who want to send or receive money online. Thanks.

13 PayWorld PayWorld is a financial services company that offers a plethora of services like mobile recharge, data card recharge, DTH recharge, and utility bill payments. It's a one-stop solution for all digital and financial services.
14 Serve Serve is a Full Service Prepaid Debit Account from American Express. It offers online money management tools and gives the convenience of sending and receiving money on the go.

Backed by American Express, Serve is a newer player in the industry. However, they offer a number of features, such as physical cards and subaccounts, that set them apart.

15 NETELLER NETELLER is an online e-wallet service owned and operated by publicly traded British global payments company Paysafe Group. It provides a fast and secure method to transfer money online.

Founded in 1999, NETELLER is a UK-based business that focuses on the gaming industry but also allows for money transfers between individuals.

16 Wise Wise (formerly TransferWise) is a London-based online money transfer service that allows users to send money abroad at a lower cost than traditional banks. It's known for its transparency and low fees.

I have used many services to send money internationally. Personally, I feel that TransferWise is good. I have completed many transfers without any issues. The transfers usually take 2-3 days to process, and the rates are good. The best thing is that the exchange rate is the same as the market rate. For the referral I am sharing below, you can avail yourself of a fee-free transfer up to $4500, £3000, or 4000 euros.

I am not associated or affiliated with them in any way. The link below is my referral link, which will give you a fee-free transfer with live currency exchange. In other words, you won't have to spend extra money on the transfer or currency exchange. Simply wow!

Enjoy the transaction and share it with friends - it's the best option overall. Using my referral will serve as feedback to this post and will help you and others get the best currency rate and value for your hard-earned money. Thanks and regards.

17 Perfect Money Perfect Money is a leading financial service allowing users to make instant payments and to make money transfers securely throughout the Internet. It provides opportunities for business growth and a convenient system of project financing.

Nowadays, Perfect Money is a very good option, much like PayPal, for transferring money in multiple currencies. In India, PayPal has many limitations, such as not being able to hold money in your account and not being able to pay or send money to someone directly from the received payment in your PayPal account. In contrast, Perfect Money allows users to hold money in their accounts and in various currencies.

The only issue I had with Perfect Money was depositing or adding money to my Perfect Money account and withdrawing money via bank transfer. That issue has also been resolved! I found TopEMoney.com, which offers excellent service for buying and selling Perfect Money in India. Now, I use TopEMoney.com to add money to my Perfect Money account and to withdraw money from my Perfect Money account to my bank. My orders were processed within 15 minutes when buying Perfect Money in India.

Great work by Perfect Money and Top E-Money. Thanks to both of you.

18 WorldRemit WorldRemit is an online money transfer service that provides international remittance services. It allows users to stay connected and support each other's financial needs, no matter the distance.

I send money from my bank account to a mobile money service. It's fast. I do not need to go to an agency, post office, or bank. For some countries, if the receiver has no mobile money service, they can go to their nearest bank branch.

Never heard of Web Money? Have heard of WorldRemit!

19 Obopay Obopay is a mobile payment solution that enables consumers and businesses to purchase goods and services, pay bills, and send and receive money with their mobile phones.
20 Allied Wallet Allied Wallet is a global leader in online credit card processing and multi-currency merchant services. It provides a secure and user-friendly platform for businesses and consumers to transact with each other.
21 Nochex Nochex is a UK-based online payment company, providing a service that enables small and medium-sized businesses to accept online payments. It's a simple and secure solution for online transactions.

Low cost and easy to set up, and not intent on taking over the planet. What else could you ask for? I have had an account for over two years.

22 Paytm Paytm is an Indian e-commerce payment system and financial technology company. It provides a wide range of services including online shopping and mobile recharge, bill payment, travel bookings, and digital wallet payments.
23 Escrow.com Escrow.com is a licensed and regulated online escrow service. It protects online buyers and sellers by holding funds in trust until the transaction is completed.

Not a traditional alternative to PayPal, but it is the premier service for big-ticket items. Funds are held in escrow (hence the name) until the purchase has changed hands and both parties have signed off on the transaction. This way, when you buy something expensive and don't get what you expected, you don't have to jump through all the hoops in an attempt to get your money back.

The fees are high, so it's not a great service for volume purchases. However, if you are paying four figures for your online purchase, they are totally worth it.

24 Instarem Instarem is a Singapore-based online remittance platform that provides quick, convenient, and cost-effective cross-border money transfer services. It's known for its competitive exchange rates and low fees.

International money transfer from Australia, Hong Kong, Singapore, Canada to multiple countries online. Send money overseas and save more on remittance.

25 WeChat Pay WeChat Pay is a payment feature integrated into the WeChat app, hugely popular in China. It allows users to complete payment quickly with smartphones.
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