Being Asked To Make A Money Transfer As Payment Online?

05 July 2011 - Which Way to Pay

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Being Asked To Make A Money Transfer As Payment Online?

Whether you need to send money abroad to family, make a property payment or pay university fees, money transfer services have dozens of uses. Ideal for making relatively small international transfers at a low cost, they enable you to send money anywhere is the world with various methods of moving money. You can make single payments, or set up regular payments as long as the amount is less than $3,000 cheaply, quickly and easily.

Transfers can be made straight into a bank account, by email, online or in cash to a branch. This means there is a convenient way for you and the recipient to exchange money. As useful as these transfers can be, there are thousands of scams on the internet operating using services such as these. As the money wired through by you can be collected by anyone with the correct codes, ID and receipts anywhere in the world, it is easy for someone to lie about their location and intentions. Often they will specifically ask for cash, which, if collected, is untraceable and not insured against. As a result of this, you should never transfer money to anyone whom you have not met, or before you receive proof that what they are offering is genuine.



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