Best Online Money Transfer Services

These are the best services for transferring money between two people. Services like these initially took hold as consumers needed a service where they could quickly and efficiently transfer money. Sending personal checks, money orders, or cash was too time consuming and risky for online purchases such as those made on eBay or other auction sites. So, there was a demand for a digital solution that didn't require the consumers themselves 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 MoneyGram MoneyGram is a global provider of innovative money transfer and payment services recognized worldwide as a financial connection to friends and family... read more Visit Website
2 WebMoney Visit Website
3 PayPal

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
4 Google Pay
5 Amazon Pay

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

6 Skrill

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

7 PayWorld
8 Serve

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.

9 Neteller

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

10 TransferWise

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.

The Contenders
11 Perfect Money

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, which offers excellent service for buying and selling Perfect Money in India. Now, I use 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.

12 WorldRemit

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!

13 Obopay
14 Allied Wallet
15 Nochex

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.

16 Paytm

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.

18 KenyaPesa

I used them recently, and the cash was delivered the same day. Their customer service is responsive.

Kenya currently offers money transfers from Canada to Kenya via Mpesa, Airtel Money, bank transfers, and cash pickups.

19 InstaReM

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

20 ATW Exchange

ATW EXCHANGE is incredibly easy and secure. The exchange services it offers with ease and convenience to individuals and corporations, such as foreign visits, business payments, foreign living expenses, e-wallet, utility payments, and merchant services, are guided by respective central bank rules and regulations.

21 WeChat Pay
22 Payiza
23 Faucetpay
BAdd New Item
*A Trusted Partner designation denotes a listing whose rank has been determined by our staff. Typically, TheTopTens receives compensation for these placements in the form of commissions on sales or leads generated through this site. Because our compensation is tied to consumer behavior, we are incentivized to promote the companies and products people are more likely to respond favorably toward.