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Superlative Methods of Money Transfer to Nigeria

Standing for Aftab Currency Exchange, the brand ACE Money Transfer has never let its users down through its exquisite services in up to seventy different countries. It allows its users to be able to send money to as far away from their location as possible. Since its creation, the ACE Money Transfer has continued to work for the better and reliable means to be provided to the people in need.

About Ace

The ACE Money Transfer provides the best methods with more benefits and less cost. The rates for its services are very reasonable. The time duration for the sending of money online is small and the way to use is easy. The services are easy to approach though if a difficulty arises, the problem is well sorted out with the help of the diligent employees of the ACE Money Transfer.

Sending Money to Nigeria

People fall into the need to transfer money to other places from time to time. With the ease of having able to send money online, this need can be alleviated by sending money to friends or family members and even to the businesses. Besides the involvement of the sender and the receiver, there is a third party involved in this process.

Process of Transfer

The sender can transfer the money through the bank or by any other service provider, who help to ensure the safe transfer of the money to the required recipient, in this case, Nigeria.

The sending of money online requires the sender to contact any of the third party, be it a bank or a service provider. For this purpose, the sender can have the conservation with the third party face to face, through a phone call or by online means e.g. email video call, etc.

The transfer could be of cash or value through a bank account. In any case, the service provider makes the money available for the recipient by either through a bank deposit or by cash pick up at some agent’s location.

send money online

Comparison of Money Transfer between Banks and Transfer Companies

Along with other so many services, the banks also provide the option for its customers to be able to send money online to their desired people. Though at other services where one might find banks very helpful, the service of money transfer by the banks is not quite preferable especially while given the fact that there are other money transfer services to be considered.

Talking about sending money to Nigeria, most of the US banks are there to transfer money and funds to people and organizations in Nigeria respectively. But drawbacks are using these services through banks. The transfer charge is high than reasonable, especially while comparing to other money transfer service providers.

Drawbacks

Also, there is a disadvantage that the exchange rate is kept so low matching to the rate of the mid-market. Even the rate used for the interchange between the banks and the service providers themselves is greater than the rate offered by banks for sending money online.

How to Choose a Company for Sending Money Online to Nigeria

 

Sending money online to some far-flung places is somewhat a risky task mainly when you are new to such things. There are thousands of websites there to guide you but most of them are fraudulent. In such cases, it needs to have full knowledge about the companies that are providing these services.

Elements of Transfer

There are some key elements to compare between companies when you are considering selecting one. These are:

Exchange Rate

Different companies offer different exchange rates for customers. For finding the best company where can get your work done at a lower cost as possible, it is important to compare the margins between the different exchange rates of different companies.

Transfer Fees

In addition to the exchange rate, the transfer fee also differs for different companies. Some companies charge this fee according to the amount of money. For a large amount, there is a high fee and vice versa. But some providers charge a flat fee. So it is important to find such companies who charge less compared to others.

Transfer Speed

There are some cases where the transfer is needed to be urgent. The urgent transfer charges higher but speed is ensured. The companies like ACE Money Transfer, MoneyGram, and Western Union are there for such cases where the money is sent within minutes.

Payment and Delivery Option

Depending on the nature of the company there are different options for paying and delivering money. Some allow credit card payments others make call payments or through apps. Accordingly to your feasibility, pick any desirable option.

Hedging Option

Many people have the insight of sending money online ahead of time with the hope of saving themselves from the fluctuations in the market while getting into a forward contract.

Customer Support

Most money transfer service providers work on their service of customer support. They try to establish strong relationships with customers to get their loyalty and support.



This post first appeared on A Place Where Business Grow, please read the originial post: here

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Superlative Methods of Money Transfer to Nigeria

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