There are many situations in which we may be asked to transfer money to other people – whether it is for travel, education, family emergencies, or family support. Once you read this article after that you have the list of Secure Online Money Transfer Service. There are a number of long-established, highly respectable money transfer services commonly used for this purpose.
Like many legitimate services, however, fraudsters can use them to take advantage of unsuspecting people by getting them to transfer funds for products and services that do not exist.
List of Online Money Transfer Service That Provides Best Security
PayPal
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PayPal provides safe with every transaction. Buy in a few clicks. Just enter your email and password when you pay with PayPal. Your merchant receives your payment, not your credit card details or other financial information. PayPal also has a mobile app so using the app you can transfer money. You can withdraw money from your PayPal account to your bank account at no cost. If you prefer to receive a check, there is a $1.50 fee. Get your money back for purchases that don’t arrive or turn out to be significantly different with PayPal Buyer Protection.
PayPal has not any charge for an open account. There is a fee to send money as a personal payment using a debit card or credit card. The fee in the U.S. is 2.9% plus $0.30 USD of the amount you send. For example, if you send $100.00 USD by credit card, the fee would be $3.20 USD $2.90 + $0.30.
Square Cash
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Since 2009 Square Cash provide the best security because security is important to them. They provide security locks, Encrypted data, Account notifications, Fraud protection and much more.
Fees of Square Cash
- Personal Payments – Free
- Business Payments – 2.75% (paid by the recipient)
- Personal payments sent from a credit card – 3% (paid by sender)
- Standard Deposit – Free
- Instant Deposit – 1%
Google Wallet
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Using Google Wallet you can receive money directly to your bank account. Google Wallet is a fast and free way to send money through the app in Gmail. You can send money to someone using just their email address or phone number — they don’t need to have the Wallet app.
Sending money directly from your bank account or Google Wallet Balance is free. Sending money using a credit or debit card has a flat fee of 2.9% per transaction. Receiving money is always free at Google Wallet. If you paying the bill, buying anything, any trip bill then Google Wallet keep track of your expenses. Google Wallet provides security like data encryption and fraud protection.
Venmo
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Processing costs of Venmo charge a 3% fee for payments by credit card. Venmo founded in the year 2009. They have a little feature that allows you to add custom emojis to Venmo so you can have a more fun with your payments. Venom uses bank-level security and data encryption to protect users against unauthorized transactions and allows users to set up a PIN code for mobile application use for additional security.
Chase Quick Pay
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Those of you who nominated Chase Quick Pay praised it for being fast and easy. Chase Quickpay is free to send or receive money to/from anyone with a US bank account, so long as one of them has a Chase checking account.