Daily BulletinDaily Bulletin


How To Lower Fees On International Payments?

  • Written by News Company

Simple tips to cut costs on online transactions 

1. Don’t Pay With Credit Card

Most banks charge additional amounts for processing credit cards.

2. Double-Check Exchange Rates

Be careful with “free transfers”, which can hide the fees in biased exchange rates.

3. Research The Best Available Option

The cheapest platforms at the moment change constantly and with how easy it is nowadays to send money online it’s worth checking once in a while how much the same transfer would cost at a different service provider.

Below you can find few of the more popular money transfer platforms. Remember to read some reviews and check other customers’ experience before choosing your transfer option to avoid problematic platforms or high fees.

Various International Money Transfer Platforms

1. Western Union

As Western Union operates in almost every country you’ve most likely come across their facilities or kiosk in your city. They offer international cash payments and pickups from their facilities, as well as regular online transfers. You can also combine these methods and order the payment online for your recipient to collect the cash physically.

2. WorldRemit

Based on this WorldRemit Review one of the most notable features that customers enjoy is their mobile app, which receives high ratings by the users and lets you order payments on the go. On top of the well-designed and easy to use platform, the fees and exchange rates are also quite good.

3. TransferGo

The margin on exchange rates of TransferGo are set at around 0% to 2.2%, depending on the amount you want to send, which makes it worth considering for bigger payments. You can read TransferGo review to learn more about their fees and how to send money internationally with TransferGo. Their main focus is put on Europe, where they offer the best rates. However, you can also send money to other countries like the USA.

4. MoneyGram

Based on this MoneyGram review one has to take into consideration rather pricey services. While there might be cheaper online alternatives, they are an experienced company which has a well-established international transfer network. Therefore, you can send money to any place in the world and even set up cash pickups in their local facilities. Best prices are for USA transfers.

5. Remitly

Remitly goal is simple - fast and cheap transfers. They take it quite seriously, as the platform is ready to refund the transfer costs if they don’t deliver it on time. You can learn more about this feature and their fees in general in this full article Remitly review.

Fees Breakdown and Source

The aforementioned information and fees & exchange rates data come from money transfer costs comparison platform Wirly.com, which gathers and processes remittance prices and lets its users find the best transfer methods for international payments.

However, as the market is constantly changing one has to take into the consideration that the current best transfer platform can change any hour, depending on the exchange rates and other factors. Therefore, it’s best to check the cheapest available service once in a while before making a transaction to make sure you get the best remittance price. You can use transfer compare services to do so.

Turn off the porch light: 6 easy ways to stop light pollution from harming our wildlife


Australia's first service sector recession will be unlike those that have gone before it


A time to embrace the edge spaces that make our neighbourhoods tick


The Conversation


$1.8 billion boost for local government

The Federal Liberal and Nationals Government will deliver a $1.8 billion boost for road and community projects through local governments across Australia.   The package of support will help lo...

Scott Morrison - avatar Scott Morrison

Scott Morrison press conference

PRIME MINISTER: This is a tough day for Australia, a very tough day. Almost 600,000 jobs have been lost, every one of them devastating for those Australians, for their families, for their commun...

Scott Morrison - avatar Scott Morrison


Local economic recovery plans will help towns and regions hit by bushfires get back on their feet as part of a new $650 million package of support from the Morrison Government.   As part of th...

Scott Morrison - avatar Scott Morrison

Business News

An Increasing Demand Of Corporate Function Venues In Melbourne

With an increasing culture of corporate function venues Melbourne, there is a rising competition among professionals. In order to appreciate and honour hardworking employees, corporate owners gi...

News Company - avatar News Company

How to effortlessly promote your business

You've worked hard to build your business from the ground up, and as any successful entrepreneur will tell you brand promotion is everything. Not only do high-quality promotions build a sense of...

News Company - avatar News Company

Hotdesking might not be ‘dead’ after all

According to Christian Pistauer, Workplace Strategy director of Meta5 Group in Australia, COVID will dramatically change the commercial real estate sector in Australia for many years to come. ”...

Tess Sanders Lazarus - avatar Tess Sanders Lazarus

News Company Media Core

Content & Technology Connecting Global Audiences

More Information - Less Opinion