CurrencyFair is the world’s largest peer to peer marketplace that offers a unique approach to its customers for transferring money internationally. Unlike other money transfer services, CurrencyFair lets you exchange your currency with other customers of the company. This is a unique, transparent, and fully automatic approach to exchanging currencies. CurrencyFair lets you exchange between 18 different available currencies. After you have exchanged your currency on the marketplace, you’ll have to pay a small flat fee of €3 to send out the money to any bank account of your choice. The money usually takes 1-2 days to arrive but for some currencies, it can take up to 4-5 days.
Western Union is the world’s oldest and largest money transfer service that holds a distinguished place in the industry. It is widely recognized and well reputed for its global availability, fast transferring speed, and the host of options offered to consumers. The company has over 500,000 Agent locations worldwide in more than 200 countries. It lets you send money in more than 130 currencies, and offers a variety of choices for pay-in and pay-out methods. The company’s fees are generally higher but it offers great speed and convenience in return.
Ria Money Transfer is operating since 1987 and is one of the largest money transfer companies in the world. It offers a simple, fast, and convenient money transfer service along with a host of other financial services such as bill payments, mobile top-ups, currency exchange, and check cashing. They have wide availability and a fast money transfer service. Although the company’s exchange rate is not the best in the market, it does offer good value in return in the form of convenience, speed, and ease.
TransferWise was founded in London in 2001 and has a gained considerable reputation and credibility in the industry in a short span of time. The company offers secure money transfers among banks at a very low and transparent price. The company currently operates in 72 countries only, which is a major drawback. The company’s website and app offer a great user experience and make the transferring process very easy and simple. The company has gained a considerable reputation in the industry in a short span of time.