How to Send Electronic Money Online
There are many ways to send money electronically, or transfer money online, from the comfort of your home. Companies like Western Union, PayPal and Money Bookers offer convenient methods of money transfer at reasonable charges. There is generally a waiting period until the funds are available, and fees for the transaction will apply.
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Instructions
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Through Western Union
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Go to Western Union’s website.
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Click on “Send Money.”
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Click on “Send Money Online.”
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Select your state and select the recipient’s country.
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Select “Direct to Bank” as the money transfer method. This method doesn’t involve cash or checks. You do not actually see the money; it is transferred electronically from your bank account to the recipient’s bank account. Fees will apply.
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Select “I’m a new Customer” and click “Continue.”
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Fill out the registration form by entering your name, contact details, and other information about your bank account or credit card.
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Specify the amount you want to transfer and provide the recipient’s bank account details. Upon confirming the transaction, the money will be deposited to the recipient's bank account within three business days.
Through PayPal or Money Bookers
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Go to the PayPal or Money Booker website, depending on the company you want to transfer funds through. If you prefer to check out their fees first, see the “Fees” page from the homepage of each website. After comparing the fee structure of the companies, decide which company to use.
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Click “Sign Up” from the homepage of the company’s website. Fill out the registration form. Enter your personal information and credit/debit card nuberor bank account details. Click on “Send Money” when the registration process is complete.
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Provide the recipient’s e-mail address in the respective field. Also, enter the amount you wish to transfer in figures. Click the “Send” or “Continue” button.
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Contact the recipient and tell him to check his email. Once you send the money, the money-transfer company sends an email to the recipient telling him how to receive this money in his bank account.
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Tips & Warnings
You can find out how much Western Union will charge you for sending a specific amount by going to the “Fee Estimator” link in Resources below.
References
Resources
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