Undoubtedly, internet banking is a reliable method to send and receive money. No matter whether someone is in your country or abroad, you can certainly send him money or receive from him without any issue. However, if you want to try a different tool or service, do check out this article. Here are some of the best services to send and receive money online. Almost none of them requires additional charges but it is mandatory for some of the services. On the other hand, all of them require a certain account to send or receive money through them.

Best Services To Send And Receive Money Online

1] PayPal

PayPal is the best service out there, which is being used by millions of people from around the world. There are thousands of people, who use PayPal for business as well. From sending money to receive everything is possible with the help of PayPal. You must have to create an account with all the valid documents. Also, you should have a credit card if you want to send money to someone. The drawback is PayPal doesn’t allow users to send money from individual account to another individual account in most of the countries. However, if you want to send money to a business or a company wants to send money to you via PayPal, you can certainly do that. Generally, PayPal requires a Credit card, but an international chip debit card works as well. This is better to ask the bank before trying to add the card to your PayPal account. No matter whether you send or receive money through PayPal, it has some mandatory charges.

2] Western Union

After PayPal, Wester Union is the most trustworthy medium to send and receive money online. There is no barrier to the region, but they charge a lot more than PayPal. That is why people often try to avoid Western Union. However, this is a reliable service, and you can use it if you have no other choice. This is possible to send money using internet banking or a credit or debit card. If you live in Australia, you can use a prepaid card as well. It has a mobile app, which you can download for Android as well as iOS. If you have an Android mobile, make sure it is running Android 4.3 or later version and if you have an iOS device, make sure it is running iOS 8.0 or later version.

3] WhatsApp Payments

WhatsApp is probably the best instant messaging app. They introduced the WhatsApp Payments a few months ago, and it has gained a lot of popularity since the initial days. WhatsApp Payments is a UPI based payment system, which you can use for free. You need to have a WhatsApp account, and that is the basic requirement. You can send money to your contacts and receive money from them. Before that, you have to link your bank account to your WhatsApp account. The problem is your bank account must be registered with the same mobile number that you used to open the WhatsApp account. If they are different, it will generate problems.

4] Facebook Messenger

If you live in the US, UK, or France, you can use Facebook Messenger to send and receive money to/from your friends. If someone is in your friend list and you want to send or receive money to/from that person, this is quite easy with Facebook Messenger. Although this feature cannot be found Facebook.com but you need to have the Messenger app to get the benefit. According to Facebook, every payment information (card number, etc.) is completely encrypted and cannot be viewed in any way. Therefore, if you want, you can certainly use Facebook Messenger to send or receive money online. To do so, you need to utilize the “$” icon. If you are doing it for the first time, you have to set up the payment system. It requires a debit card or credit card. This is also possible to use the Facebook gift card to send payment.

5] Gmail

Gmail is generally used to send or receive email. However, you can use Gmail to send and receive money as well. This is one of the most trustable services you can use to transfer money online. This is very easy and not much time consuming as well. As it fetches cash from the Google account, you do not even need to set it up if you have purchased something from Google Play Store earlier. There is no limit on sending and receiving money through Gmail. If you are transacting money with Google for the first time, you need to set things up. Also, the recipient needs to do the same. The medium is called Google Wallet, and it works pretty well.

Final Word

There are more other services to send and receive money online. However, these are some of the most reliable tools you can use to transfer money online. If you need a very professional service, PayPal seems to the best one. However, if you want to transfer a very low amount, you can utilize any tools mentioned in the list.

For your information, recently UPI transaction has gone paid. This is important to check the UPI transaction charges before using any UPI based payment system.