Sending or Receiving money to/from your dear ones requires a great deal of concern. So you always evaluate the way you are using. The major issues found in money transfer are time issue, charges/processing fee issue and reliability. There are many ways to transfer money in Europe. Let’s have a closer look on the following ways of money transfer in Europe.
Cash to Cash Method
Walk in money transfer centers are built in order to use for money transfer. The example of such type of center includes Western Union and Money Gram. You just have to provide cash to the center and that cash will be converted into the currency of the destination country and then will be received by the recipient on the other hand.
Through Bank Accounts
For using this type of method for money transfer you just need to have a bank account. You draw out your money from your bank and transfer it into the recipient’s bank account, like Bank Account in Italy. This process can be done on phone by providing account numbers. Wire transfers are also in trend for money transfers but this type of method requires high transfer fee.
Through Credit and Debit Cards
Debit cards and Credit cards are also used for money transfers. If we make use of these in centers like Western Union and Money Gram, process of money transfer speeds up. However it’s not an economical approach because it is expensive as compared to the bank accounts, and for other b2b pay.
Using Prepaid Debit Cards
In this type of method funds are transferred to the destination through prepaid debit cards. The receiver can use easily and fulfil needs through it. But the processing fee in this case may cause you re think over this method for global b2b payments and Export to Germany. The processing fee varies from one prepaid card to another card.
Using Cell Phones
This is to facilitate you that using your cell phone’s browser you can access website of money transfer. There are different applications available for money transfer with the progress in technology sector. For example you can use Pay Pal account or you can use Western Union account for funds transfer according to your feasibility.