How Internet 2.0 brings people closer than ever?

Not so long ago we were limited only to our nearest surrounding and town for any goods and services. Local store was the primary source of most of the products. Then, with the development of affordable transportation people were able to browse the offer of the neighbouring cities, big supermarkets came to the game. Now, when the are of the World Wide Web came for good and with more and more people having a widely available connection to the Internet everyone can become a customer of any store. Moreover, everyone can start their own e-commerce and online-based business. And with a well developed logistics and transportation system we can conveniently order any good from a country at the other side of the globe, let it be 10 or 40 thousands kilometers away and get it delivered within a few days. This is crazy where the humanity have got to.

But what are the main factors to this phenomena and what powers this whole ecosystem? The answer is simple: money transfers.

How online finances brought us to where we are now?

Fortunately, people have very soon developed cashless payment systems. First, traditional banks and old school banks used simple wires and telegraphs to carry out cashless transfer, solely reminding and exchanging the information about the payment without ever transferring the money from the safe to the safe. In order to ensure liquidity, it was necessary to keep up with the amount of the cash deposited into each bank. It's been much better and faster that way instead of transporting the wealth from place to place. Companies like Western Union were among the first private firms to concentrate on the transfer of money between countries. They also developed a network of facilities and introduced international money transfers that open up an ocean of opportunities for both businesses and individuals.

What is the best way to send money online?

Probably nobody has a proper answer to this question, as there is no one best way to send money internationally. However, there are ways to ensure that you use the best service available and suited for your needs.

You have to know what you are looking for and what qualities are important for you and your transfer. Are you in need of a fast payment and your recipient can't wait more than 15 minutes to get it? There is a platform for that.

Or maybe transfer speed does not matter and you are prepared to wait couple of days, but save money on transfer fees, because costs are the most important aspect for your? There is a platform for that as well.

Do you also send money to different countries and convert the currency on a regular basis so the most important features are perhaps exchange rates and foreign transfers? As you probably guess now, there are also platforms for that, which specialize in international payments and providing good rates.

However, there is no one company, which combines all of these features. That's why it's important to think for a while what you need and then do a quick research and look for these particular qualities.

How to find good transfer platform?

First and foremost - read reviews. That's the most obvious way to start the research. We do this before going to a restaurant, before buying a car, so why shouldn't we do this before trusting any company with your money?

That is why it is essential to at least do a basic research or quick money transfer comparison before you sign up anywhere. What can you do? Let's hear a bunch of remarks and dive into the first-hand usage and customers' feedback. See TransferWise for instance - one of the commonly chosen portals for international transfers. In this article TransferWise Review we read more about the benefits and drawbacks of the service. The author clarifies and revises the system of transfers, exchange costs and other rates. The author also cites the most common negative feedback from customers to help you take into account the expected problems. That way you will get a full summary of the business and decide whether or not it suits your needs.

Hopefully, this short guide will help you improve what we do each day - send money online. And that way you will be able to make the most cost-efficient transfers available.