How to Send Virtual Money
The convenience of the Web has made it possible to send virtual money, commonly referred to as e-currency or digital money, to practically anyone in your home country or abroad. Whether you need to pay for goods and services or send money to friends and family, services like PayPal and WebMoney provide users with the technology to transfer virtual money. Depending on the particular service or company used, users may have to pay a small transaction fee to send and receive money.
- Difficulty:
- Moderately Easy
Instructions
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1
Go to an online electronic funds transfer service such as PayPal, Xoom, Moneybookers, Perfect Money or AlertPay. Click the "Sign up" button to create a new account. Enter registration details, such as name, email address, contact information and password for your account. Select whether you want to set up a personal or business/premier account.
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2
Complete any verification requirements the virtual money service might require, such as submitting a driver's license, proof of address or other identification. Add your bank account or credit card number to your virtual currency account. Wait for the verification process to finish. In many cases, verifying a bank account involves the virtual currency provider depositing two small amounts into your bank account so that you can verify these deposits.
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3
Go to the "Add funds" section of your virtual money account. Select your funding option (e.g. bank account or credit card). Enter the amount you wish to deposit. Click the "Submit" or "Continue" button to complete the deposit.
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4
Go to the "Send" section of your account. Select your payment option, such as the balance from your online account, bank account or credit card. Enter the recipient's details, such as email address, name or telephone number. Enter the appropriate dollar amount. Click the "Send" or "Finish" button.
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5
Pay for online purchases by going to the retailer's website. Add products to your shopping cart. Click the online currency service's logo to which you signed up during the checkout process. Enter your username and password to log in to your virtual money account. Review the details of the online transaction and click the "Purchase" or "Finish" button to pay for your purchase.
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Tips & Warnings
Confirm that the recipient has signed up for an account with the same virtual money provider where you have your account.
Do not send virtual currency to people that you don't know or trust.
