Sending Money Online: Everything to Know

The concept of sending money online is extremely popular and helpful nowadays. Before this, if we needed to send money to someone, the quickest way would be to ring up your bank. But, this would require you to wait in line until your call is taken, then you had to undergo the security checks before finally seeing your money leave your account and nestle into someone else’s. Alternatively, you could visit your local bank branch and ask to send money, or you could write a check for the other party. Either way, none of these methods was particularly easy or fast.

Now, we have this idea of sending money online, which covers so many different methods. Multiple companies are offering different ways to which you can send money online. In most cases, all you need is an account and your bank details. Depending on what method you choose, the money can be in another person’s account instantly, or it could take a few hours.

Sending Money Online Through Your Bank

The majority of banks will offer an online banking service for you to use. This is a handy way of checking your accounts and looking at your daily bank statements. But, it’s also a really easy way of sending money online. All you have to do is register for online banking, then log in, and click on the account you wish to send money from. After this, it’s simply a case of putting in the details of the other person’s account and choosing how much you want to send.

The benefit of sending money this way is that you’re guaranteed of a secure transaction If it’s done through your bank, they’ll take all security measures to ensure your information is protected. Not only that, but you have the benefit of sending the money directly to the other person’s bank account. They don’t have to withdraw it from anywhere, it will just appear in their account on the same day.

There are only two main negative aspects of this method, and they both revolve around time. Given that you have to input all the bank details manually, it can take a good few minutes before you’re ready to proceed with the transaction. Furthermore, sending money directly from bank account to bank account isn’t always instantaneous. Sometimes, the money can appear almost right away, but it is also possible for it to take a couple of hours. The one thing I will say about the first negative is that your bank usually saves the payee information after you’ve sent money to them. So, if you have to send to the same person, all their details should be saved, which makes the process a lot quicker.

Read more: ‘Open a bank account online with no money’ »

Sending Money Online Through Third-Party Services

As well as sending money directly through your bank, you can also send money online through various apps. Typically, these apps require you to register with them before you can send money. Here, you’ll have to fill in basic personal information including where you live, your date of birth, and create a secure password. This password is incredibly important as you’ll use it to sign into your account and send money. Of course, this is a loose example that pretty much applies to every online payment service/app out there. Each one may have slightly different requirements or information they want from you. Below, we’ve listed a few of the most popular services for sending money online:


PayPal is easily one of the most used payment platforms on the internet right now. Primarily, people create a PayPal account so they can pay for things online more securely. You create your account, link it to your bank account/credit card, and complete transactions through PayPal. It’s fast and convenient as you don’t have to type in your card details every time you want to buy something. Normally, you just have to enter your password, and the transaction is complete.

However, PayPal can also be used to send money to other people with a PayPal account. Again, once you have your account up and running, it’s a very simple process. You log into your PayPal account and select the option to send money. Here, you can choose from your list of contacts – if you have any – or type in the recipient’s email, that they’ve linked to their PayPal account. Choose how much you want to send, and away it goes.

You have two immediate benefits with PayPal in that the money goes through instantly and the person has it in their account right away. This makes it ideal in scenarios where the person needs to be sent money quickly to pay for something. Following on from this, there’s no time-wasting by having to type in account details, all you need to know is their email.

However, there is a negative in that the money goes directly into their PayPal account. If they need to pay for something online via PayPal, this won’t be much of an issue. But, if they want the money in their actual bank account, they have to go through the extra effort of withdrawing it.

Google Wallet

Following closely behind PayPal as a popular app for sending money online, we have Google Wallet. Now, this is Google’s offering for online payments, and it’s fairly new compared to PayPal. Having said that, the concept is the same; create an account, add payment methods, and start sending money. What makes this different is that your Google Wallet account is linked to all your other Google accounts. So, if you have a Gmail account, which most people do, you’ve pretty much already got Google Wallet. Furthermore, if you have an Android phone and have added a card to your account to buy things from the Google Play Store, then you’ve already got a payment method added.

Sending money is as simple as clicking on the Send Money menu and entering the amount you wish to send. You can then select the recipient in one of three ways; by typing their name (if you have them as a contact on Google), by entering their email address, or by using their mobile phone number. Once this is done, you click send, and the money is in their Google Wallet right away.

This is a very popular way of sending money online because of the interconnectedness you have with your Google Accounts. It means you don’t have to go through the hassle of registering if you’ve already got a Google Account. Plus, like with PayPal, the transaction is instant. To make things even better, if you download the app onto your smartphone, you can set it up to use Android Pay and pay for things using your phone as a contactless payment device.

The only downside is that the money goes into their Google Wallet, not their actual bank account. Again, like with PayPal, this means the recipient has to withdraw the money themselves.

Western Union

Next, we have Western Union, which has long been a popular method of sending money to people overseas. This is a service that’s specifically aimed at people sending large amounts of money across the world. For example, if you live in the US and have a child going to university in the UK, this is one of the best and quickest ways of sending them money.

The premise is similar to the other methods in that you need to register before you can send. Then, it’s a case of selecting how much you want to send, but you also have to choose options for the country you’re in and the country the recipient is in. You can also choose whether you want to send money through your actual bank account or by using a credit/debit card. The difference is that cards offer quicker payments, but have a higher fee. Also, you choose whether the money is sent directly to another bank account or to a Western Union location where they can pick it up in cash.

The major benefit of this service is that you can securely send large amounts of money halfway across the world. It also works out the conversions for you if you’re sending to a country that uses a different currency to yours.

The downside is the transfers take days rather than minutes, and there is a transaction fee.


MoneyGram is essentially an alternative to Western Union. It’s another of the most trusted services for sending large amounts of money across the world, all via your computer. Again, you start by setting up an account and then you can estimate the fees that come with your transaction.

Select where you’re sending the money, where you’re sending it from, and how much you’re sending. You can also choose how they’ll receive the money, either as cash from a MoneyGram location or directly into their account. Similarly to Western Union, different fees apply to different payment methods. If you send money using a credit/debit card, it’s more expensive than sending via a checking account.

The pros and cons of MoneyGram are identical to those of Western Union; secure money transfer, but long waiting times.

It’s worth noting that there are loads of other services that allow you to send money online. However, we’ve listed these four as they’re the most popular and widely used.

Benefits Of Sending Money Online

girl sending money onlineAs you can see, there is a multitude of ways you can send money online. Whether it’s directly from your bank and their online banking system, or by using a third-party service. There is one lingering question that remains; what are the benefits of sending money online? How is this method better than, say, sending money over the phone or through your local branch?

Well, the first benefit has been mentioned a lot, and it’s speed. It’s a lot quicker to send money online than it is to contact your bank in any other way. Especially if you use a third-party service like Google Wallet or PayPal. Here, all you have to do is log into your account, and send the money. It can literally take less than five minutes from the moment you load up the page to the moment the money is in the recipient’s account.

You also have the benefit of being able to send money without worrying about giving away your information. If you send money online, you don’t have to make any noise or say anything. However, if you send it over the phone, who knows who might be listening to what you say? Especially if you’re in a coffee shop and desperately need to send someone money. It would be ridiculous to try and do it over the phone, it wouldn’t be safe! But, as long as you have a secure internet connection, you can send money online and keep your information safe and sound. There’s no worry about someone overhearing you, and you can send that money quickly in an emergency situation.

Furthermore, when using services like Western Union or MoneyGram, you’re likely to get a better exchange rate when sending money all over the world. This is compared to if you sent money to someone in a different country by calling up your bank.

Are there any downsides to sending money online? No, there aren’t. At least not when compared to the alternatives. Even some online methods that don’t send money instantly are quicker than calling up your bank or walking down to your nearest branch. It’s quite simply the way forward these days.

All things considered, sending money online is definitely a modern concept that’s here to stay. With so many different options at your disposal, anyone can send money to anyone, no matter where they are in the world. It’s become a very popular way of paying back friends as quickly as possible. You all go out for a meal, and someone pays the bill and asks the rest of you to send money to them. So, you go online, and easily send it within minutes. It’s made life way more convenient as you can pretty much send and receive money whenever required. There are no waiting times for small transactions, and it’s all perfectly secure.

More information from Wikipedia »

Send Money Online With A Credit Card

These days, we’re lucky enough to be blessed with multiple ways of sending money online. There is a whole host of money transfer services that you can register with to send your money all over the world. A big part of using these services is deciding what payment method you wish to use. Some people will add their bank details in, while others decide to use their credit card.

It’s this second option that we’ll focus on in today’s article. Sending money online is relatively simple, but throwing a credit card into the equation complicates things slightly. A credit card isn’t linked to your bank account and the money on it doesn’t come from you, it comes from the card issuer. There are benefits to sending money online with a credit card, and there are drawbacks. Both things will be covered as we attempt to explain everything there is to know about this topic.

Why Send Money Online With A Credit Card?

The most obvious question is; why use your credit card to send money online? Mainly, it’s very helpful in situations where you need to spend more money than you currently have. For example, you could have someone asking you for a lot of money, and you need to send it right away. Unfortunately, you don’t get paid for a week, but they can’t wait that long. With a credit card, you can still send the money – provided you have a big enough balance – without taking any cash from your bank account. Then, the money transfer will be added to your monthly credit card bill, which you can pay once you get paid.

In essence, sending money using your credit card can help you out of tight situations where the money just isn’t in your account right at that moment.

Read: ‘How to send money online with Walmart’ »

What Are The Drawbacks Of Sending Money Online With A Credit Card?

There is one main drawback to sending money using your credit card, and it revolves around fees. Normally, if the money you send is funded by your bank account, it will be free. Of course, there might be some services that charge you, but all the good ones offer this without any fees at all.

However, funding your money with a credit card will result in additional fees, even when you’re sending money to someone in the same country as you. The fee you pay will vary depending on what service you’re using. Different companies offer different rates, but it usually comes in the form of a percentage. So, it’s taken from the amount of money you’re sending. In this regard, if you only send a double-figure amount, you’ll pay a much smaller fee than someone sending triple or quadruple figures.

Essentially, sending money with a credit card is a toss up between paying a small fee and not using money from your bank balance. Some people much prefer to use their credit card as they might use it for everything and don’t like touching the money in their bank balance other than to pay their bills. Other people think that if there are free methods out there, why bother paying a fee?

How Do You Send Money Using A Credit Card?

Sending money online using a credit card is exactly the same as sending it using any other payment method. Find the service you wish to use, create your account, add your credit card, and start sending money. The difference is that certain popular services – like Google Wallet – don’t let you fund money transfers using a credit card.

As such, you have to look for places that do accept credit cards as a funding option. Below, you will find a list of some of the most popular services that you can use to send money online using a credit card:

  • PayPal – Offers a specific low fee for all transfers made using a credit card, money is transferred and delivered instantly.
  • Neteller – Includes various different fees depending on your credit card issuer. Can also send money to people without a Neteller account.
  • MoneyGram – Excellent way of sending a lot of money to someone in a different country with your credit card.
  • Western Union – Along with MoneyGram, one of the best ways to securely send money across the world using your credit card. Specializes in large money transfers.
  • Payza – offers both personal and business accounts with different fees for each.

As you can see, there are many ways you can send money online using a credit card. Our advice is to figure out who offers the lowest rate at the time of sending. Hopefully, this has taught you everything about sending money with a credit card, you’ve seen the pros and cons, as well as how to do it.

Send Money Online Anonymously

Sending money anonymously online is more straightforward than most people think. Indeed, you can do it with the click of a button in most instances, but you still need to identify the best platforms and tools. Below, readers will find a list of suggestions that contains some of the most widely-used methods for transferring cash under the radar. There are thousands of reasons why you might want to do that, but that’s none of our business. Just make sure you don’t overlook the information below because it should help you to avoid stumbling blocks or getting caught out by less than reputable services.

First, some preparations

If you want to send money online without leaving a trail, you’ll need to make some preparations first in most instances. The most important thing you need to do is create an email address that people can’t trace back to you. You should do that by using a VPN to access a popular service like Gmail or Hotmail to ensure the system does not document your real IP address. You then need to use a random address, name, and details to guarantee even the most dedicated online professionals couldn’t trace the account back to you. Once you have that email address, the rest of the process becomes straightforward.

Idea 1: Consider a service like Moneygram

Many online services can act as the middle-man when it comes to transferring money anonymously. Brands like Moneygram are excellent for that, and so you should take a look at their website as soon as possible. The people working for that company will act as agents or go-betweens who facilitate the transaction, and then contact the recipient to let them know how to collect their money. Placing an individual or company between yourself and the recipient is always a wise move. The process works as follows:

  • You find a forwarding agent in the recipient’s area (Moneygram)
  • You enter payment details and transfer the money to the agent
  • You then complete a form that the person will receive notifying them about the transfer

At the end of that process, the recipient will make contact with the agency and take control of the funds. While that’s not a foolproof method, it should make the transaction mostly anonymous if you remember never to use your real name or contact details.

Idea 2: Use PayPal’s Business Account facility

While PayPal offers many different accounts to their customers, two of them stand out from the crowd. Experts claim that business and premier accounts are perfect for people who want to transfer money anonymously online. That is because it’s often possible to use fake or fictitious personal details to register the account and begin using the service. All you have to do is add your recipient’s email address to your list of approved contacts, and you can then start sending money quickly. Just bear in mind that PayPal works hard to close fake accounts, and so there is a decent chance you only have a limited time to make use of that concept.

Idea 3: Use cryptocurrencies

Bitcoin and other popular cryptocurrencies are the best way to pay for goods and services online without letting anyone know your identity. However, lots of people use those currencies to transfer money these days too. It’s just vital that you remember that you need to take the right approach if you want to make sure it’s impossible for people to trace the cash. Here are some tips that will help:

  • Ask your recipient also to open a digital wallet
  • Once you have some Bitcoins, find a washing or laundry specialist (there are plenty of sites online that offer that service)
  • Wash your currency, so it is 100% untraceable
  • Ask your recipient for their wallet address
  • Send the funds
  • Delete both cryptocurrency wallets

The three suggestions on this page should be more than enough for most people to send and receive money online without ever leaving a trace. Now you don’t have to worry about privacy issues; you can relax, safe in the knowledge that your funds will reach their destination away from prying eyes. As mentioned briefly a moment ago, you should always use an VPN when accessing any money transfer websites if you want the best level of protection. So, now you just need to conduct some research and work out which are the best tools available. In most instances, you won’t have to spend a fortune.

Send Money Online Instantly

Picture this scenario; you’re talking to your siblings and arranging what you’ll buy your parents for Christmas this year. One of them spots something on Amazon, and you agree it would make an excellent gift. So, your sibling orders the gift and tells you to just send them half the money.

No doubt this is a scenario many of you have been in countless times before. It may not be this exact one, but you’ve been in a position where someone has asked you to send money. Ideally, you want to give them their money as quickly as possible, before they get annoyed at you. In the past, you may have had to call up your bank and wire money directly into their account. Or, you’d go to a cashpoint, withdraw the money, and hand it to them when you see them. Neither of these methods is particularly fast or easy.

As luck would have it, you don’t need to concern yourself with these methods anymore. Now, you can send money online instantly, and pay off all your little debts to friends and family. Naturally, sending money online throws up a lot of questions and queries. This article will aim to answer any questions and help educate you on the whole concept.

How Do You Send Money Online Instantly?

Sending money online is not a new concept, it’s something that’s been available for many years. It is, however, becoming more mainstream and streamlined, to the point where you can send money to someone, and they will receive it right away.

Of course, the first question this spawns is how do you do this? Firstly, there are many different services you can use to send money online instantly. However, they all follow the same – or similar – protocol.

Find a money transfer service online and create an account with them. From here, you can add payment methods – such as your credit card or bank account. Next, you choose an option to send money, choose how much you wish to send, and select the recipient. In most cases, choosing the recipient is as easy as just putting in their email address, though they need to have an account with the same service.

You click ‘send,’ and the money is transferred to them instantly.

What Are The Best Ways To Send Money Online Instantly?

Naturally, the next question will be what are your best options when sending money online? As mentioned previously, there are multiple services out there you can choose from. We’ve listed the three best services you can use, based on various features:


PayPal is by far and away the most used payment service in the world. As well as paying for things online, you can also use your PayPal account to send money to other PayPal accounts. The great thing is, money is transferred instantly, and there are no fees if you register your bank account details with PayPal, as opposed to your credit/debit card. Almost everyone you know will have a PayPal account, which is what makes this a good method as you don’t have to worry about them not having an account.

Need a bank account? Learn how to instantly open a bank account online.

Google Wallet

If you want the fastest money transfer service, then Google Wallet is the place for you. It’s interlinked with all other Google Accounts, meaning most people will already have access to it. Again, you can send money in just a few moments and see the funds in the recipient’s Google Wallet account instantly.


Neteller is another service that allows you to send money at the click of a button once you’ve created an account. What makes them different is you can send money to anyone, regardless of if they have a Neteller account or not. You simply choose how much to send, and enter their email. The money leaves your account instantly, and the receiver gets an email from Neteller inviting them to create an account and get their money.

Read: ‘4 Tips for Avoiding Money Transfer Scams’ »

Key Things To Watch Out For

There are two key things you need to watch out for when sending money online instantly. The first applies to all methods of sending money, instantly or not; a secure connection. If your browser doesn’t tell you that the connection is secure, don’t send any money or input any bank info.

Secondly, look out for fees and charges. Always check if it costs money to send money online. Normally, if you use your bank account to fund the transfer, it should be free.

Sending money online has made life far more convenient for everyone, and it’s now even better thanks to instant transfers. Hopefully, this article has informed of everything you need to know.

Safest Way To Send Money Online

There are many different reasons you might want to send money online in the safest way possible. Perhaps you have a friend in a foreign country who faces an emergency? Maybe you want to pay for a product, and the company doesn’t have a facility for that on their website? Regardless of the issue, it’s essential that you identify the best methods to ensure you never lose out and the transaction goes through unhindered. This article will highlight some of the most popular money transfer solutions you might want to use. Of course, it’s sensible to conduct more research into each of them to work out which offers the most benefits depending on the situation.

Read more: ‘5 Money Transfer Apps you Can Trust’ »


If you want a straightforward money transfer solution, you probably don’t have to look much further than this. Paypal is one of the world’s most successful services for anyone who wants to send and receive funds. In some instances, you don’t even have to open an account to transfer money if the other party sets up a payment request page. However, usually, you will enter your details and create an account from which you can send money to anywhere in the world.

There are some fees involved, and so it’s vital that you consider that before using the platform. At the current time, the costs for using PayPal in the US are 2.9% plus $0.30. People in the UK pay 3.4% plus 20p right now. However, the figures are different for most countries, and so it’s wise to gather the correct information before using that method.

Read more: “Is PayPal Safe?” »

Google Wallet

Google is one of the most respected and successful internet companies on the planet. So, it makes sense they should release a money transfer system for their users. Google Wallet has grown in popularity in recent times, and now it’s used to facilitate thousands of transactions every single day. Anyone who wants to use that service just needs to open an account and then use the following steps to send their money:

  • Open the Google Wallet application
  • Enter the amount you want to transfer
  • Enter the recipient’s phone number
  • Confirm the amount and the payment method
  • Add a personal note to the transfer

One of the best things about Google Wallet is that users have a couple of seconds to change their mind about the transfer. Google provides a “cancel transfer” button that will retrieve the funds and place them back in your account.

Read more: “Is Google Wallet Safe?” »

Direct transfers

Lots of people choose to make direct bank transfers when sending money to friends, colleagues, or business owners these days. That is one of the most secure methods because the cash is protected by the bank, and those establishments have excellent fraud prevention teams. So, if anything goes wrong, the bank should place the money back into your account without question. People who want to use the direct transfer option just need to:

  • Log into your internet banking account
  • Click over to the money transfer section
  • Enter the amount you wish to transfer
  • Enter the recipient’s bank account details
  • Press send

In most situations, it’s possible for the money to go immediately if the bank offers an instant transfer service. However, in cases where the recipient banks with a different company, or where they reside in a different country, some transfers will take up to and including three working days.

Western Union

Western Union transfers are perhaps one of the oldest methods for sending money safely and securely. Millions of people all over the world use the service every single day with impressive results. Much like the other suggestions on this page, individuals just have to create an online account and then follow this process:

  • Log into your profile
  • Choose the country, amount, and delivery method
  • Enter the recipient’s name
  • Pay with card or bank transfer
  • Wait for a confirmation email

Just be aware that, depending on the country, some transactions could take around six days to reach completion. However, in most instances, the money should hit the person’s account in between one and three days. There are also fees involved that fluctuate regularly, so be sure to check the website before you press send.

Those are some of the safest ways you can send money online right now. So, you just need to consider the ins and outs of the situation before identifying the method that will work best for you. Thankfully, all those services have FAQ pages on their websites, and they make their terms and conditions available to anyone who wants to read them. Good luck!