In this post, we look at the 10 ways to send money to other people. In interacting with your friends, relatives and companies etc you may need to send money to them online.
Methods of sending money to people varies from place to place. In this article, I will share with you various ways that you can use to send money to others online.
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10 Ways to Send Money Online to other People in Nigeria
Payoneer is registered with the global MasterCard. The company has its headquarters in New York City, USA and they have been functioning from 2005. It is a financial system that enables online money transfer with commercial services.
Companies in many parts of the world can pay your services in Nigeria using the Payoneer system. It helps people from the other parts of the world to receive transactions and make their withdrawals.
The Payoneer system offers you a virtual account number so as to ease access to online payments. Payoneer has made it easier for companies to send money to Nigerians for their services.
You can activate a US bank account as a Nigerian afterwhich you are given a US account details containing your routing number with your checking number. These details will be needed to receive payments into a US bank account.
Nigerians can send money with this platform and it is very common in many parts of the world. PayPal is used in many online operations and you can buy products online using PayPal.
As a Nigerian, you can purchase goods from sites like Amazon, EBay while in Nigeria and when those goods come, you can sell them here in Nigeria.
Those processes help one to make payments without using basic card information. Many merchant sites exist where you can purchase with your PayPal account.
3) Western Union
Nigerians can send money to their friends and relatives or receive through Western Union money transfer mechanism. This medium enables to pay or receive money online from any foreign account.
Earlier in Nigeria, this medium was not used in Nigeria to transfer money to foreign accounts but the case is different now since now you can send and receive money from across the world using Western Union agents have bank locations in Nigeria.
You will need the location and identification of the receiver with cash to transfer money. First obtain the location and identification of the receiver with cash to transfer money.
Also locate a Western Union agent location found in banks. Then fill in the form to send money using printed capital letters. Bring your present ID and payment to the Agent Clerk and collect your receipt and the money.
This method above is for sending money. For receiving money, the receiver should go to the Western Union agent using a valid ID card. To pay in US dollars depends on your availability. Nevertheless if the US currency is not available, the payout can be made both in US dollars and in the Nigerian naira.
Moneygram has many locations across the world, it is easy for you to send money from a location that is near you. In order to do this first prepare for your agent visit. You will need the ID where it is applicable.
Your recipient’s full name matching their ID and their location would be needed. You will also need the amount you wish to send including the transfer fee. If it happens that you are sending a banking account, observe that you will need your recipient’s bank name and account number.
Complete your transactions where applicable and then complete and give the agent the complete form with funds that are applicable. Save and give information on your receipt after which you share the 8-digit reference number with your recipient.
You can make transfers to a bank account that will be forwarded directly into the account. Some countries may need extra information.
Squarecash is another means of sending money online. It is easier for one to send cash electronically. It is free for users to make use of Squarecash.
You may decide to follow the pattern after which you are asked to enter an amount including contact information of the person that you are sending the money to or whom you are receiving the money from.
You may decide to utilise emails, phone numbers or cash tags. If you intend to use Squarecash with email, open an email to the person or firm that you are sending the money to.
You receive the funds by checking your account through debit cards and the payment goes the debit card of the recipient.Open an email to the person you are paying and write the amount of dollars you are paying in the subject line.
Send a carbon copy of that message to cash square.com so that they will know that you are making a payment. You can write something on the message body or you can decide to just leave it.
You can submit a request for MasterCard with Skrill and it is for international transactions and with Skrill you can send money for products and services from wherever you are in the world.
There are options for active users to submit a request for MasterCard and use it to purchase goods and withdraw funds from wherever they are. This is free to create and the users are only charged a particular percentage of what they receive or send
7) Stripe subscriptions
This company was created to enable recurring billing and this also supports and process online transactions in order to act as a completely equipped finance management tool which is for any transaction.
This is obtainable for a popular productivity software family and this comes with a certain open API which helps you to connect to other transactions.
PayU has headquarters in India and this can be used to send money online. It is also among the simplest payment method that was formed to fill the gaps that was left by service providers that are complex.
PayU offers the best conversion rates with acceptance for more than 45 payment methods. This is among the very few payment platforms that enable OneTap payment and it’s main technological breakthrough is that it permits second-time users to skip inputting their CVV again.
This is another method of sending money to other people online. It operates as a system of payment that resembles bank transfer or credit card transfer. It is a new way of moving and storing money.
Bitcoin is an international ledger system that synchronizes the web in a way that all can access equal ledger account no matter where or who they are. The effect of this is that money can be transferred between parties without all the exorbitant fees and lag times.
You can use this to send money to friends and family both local and abroad including making online purchases.
They are a simplified payment process. They save time and money and offer additional services. They can accept payments from anywhere. They work with more than 440000 merchants across various parts of the world.
That’s it on the 10 Ways to Send Money Online to other People in Nigeria. If you found this helpful, kindly share it and link to us. Thanks
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