A reliable remittance or international money transfer company is one thing that advantageous for everyone; businesses or individuals alike, who carry out international payment transactions, regularly.
Kenya currently has so many companies which offer the service, as well as users constantly looking to use said services.
Before choosing a money transfer service however, it is very important that you know about certain important factors like hidden costs, as well as exchange rate fees used by financial institutions and also check out the various international money transfer services based on such factors like:
Hidden Charges And The Foreign Exchange Rates
Before sending money, make sure you get enough information regarding the current service charges if any, as well as the exchange rates charged by the money transfer service provider. This is because a few money transfer service providers could claim to charge a flat rate for certain services, while having certain hidden costs linked to the location you intend to send to or receive from or the currency you wish to send or receive in.
It is also always best to carry out the transfer/receiving of large funds in a single transaction in order the reduce the charges that might be incurred.
How Long It Takes Your Transaction To Get Processed
Ideally your transaction should not take a long time to get processed a day or 3 days maximum.
The only exception should be when for example, the details provided by the user turn out to have errors and are incorrect. Otherwise the transaction would be processed within 2 or 3 business days. The money is also sent directly into the receivers account meaning they do not have to visit the agent’s office to collect the money.
Is the financial institution you are using to send money reliable? Are the agents or the agency involved licensed?
Because money transfer scams are still quite popular, with some money transfer service providers who are not licensed getting accused of extracting money from unsuspecting users.
Ultimately, do not less lower transaction fees or better exchange rates cloud your judgement. Always put your security and the security of your funds first and study the money transfer service provider you’ve chosen carefully.
If you’re looking for an international money transfer service provider that can provide you with the best services possible in Kenya and beyond, call Evonex Pay now on +254792533180 (Kenya) or better yet, visit their website https://evonexpay.com for more details.
Evonex Pay, Excellent and Efficient Services Guaranteed.
