Sending money from Africa to abroad comes with unavoidable bank transfer charges that can be quite expensive to the sender. Whether you want to send money to your kids studying abroad, or you want to pay for your admission fees, it comes with bank charges. These bank transfer charges vary according to the amount of money you want to send.
Many people want to know the way to remove or reduce the charges they incur when they transfer money abroad. How can you enjoy the convenience, security, and speed you get from a bank and not pay the exorbitant charges? We have several international money transfer providers with low transaction fees.
How Do You Avoid Money Transfer Fees?
If you do not want to make use of the bank for your international money transfer, what other options are available for you?
Pay4Me
Pay4Me is a payment solution app for Africans who want to send money abroad. It offers users two different transaction options; the free and paid options. With the free option, you make your payments abroad without paying for it. You save money for yourself and still get your payment sent by the app. You can send money to any part of the world with competitive exchange rates. Pay4Me features cash backs and withdrawals, payment history, an improved user interface, referral bonus, and a limit of $1000 per transaction
PayPal
While PayPal does not give full access to most countries in Africa, it allows you to send money to anyone in the world. You can transfer funds from your account to another PayPal account. You send money free via the payment platform, but the recipient has to pay cash to receive the money. Fees tend to reduce when you send larger transactions. You do not have to pay money when you are sending it to family or friends via a bank account. However international transfer fees cost about 1% higher.
Western Union or MoneyGram
MoneyGram and Western Union offer similar payment services. They let you transfer money to any part of the world. Most banks in Africa offer their users these services. They charge users a flat rate for their transfer, which is based on the location the money is being sent, the speed of the transfer, and the amount of money being sent.
Bank Drafts, Cashier's Checks, or Money Orders
Are you thinking of sending money abroad? You can make use of money orders or bank drafts in the currency of the country you are transferring the money to. The payment option is affordable and easy to use. Money orders are often more affordable than when you get them from the bank. The post office is where you can buy these payment options.
The Bottom Line
You should invest and shop around for payment options before you make up your mind. Pay4Me is a borderless payment option that we recommend because of its flexibility. You do not have to visit a bank or post office to send money abroad. It allows you to send money at your comfort.
Why do you have to pay for more, when you can pay for less with Pay4Me? Whether you want to pay for SEVIS or WES, Pay4Me does it seamlessly for you. ? To get started, click here to download the app.
