Online payment is very convenient compared to traditional payment methods such as cash or check. According to bank rate more than two-thirds of consumers carry less than $ 50 a day. As such online payment enables businesses to make sales to the customers who choose to pay electronically and gain competitive advantages over those that only accept traditional methods.
The advancement of technology has enabled various financial institutions to provide a high standard of service in all aspect of banking and financial services.
While modern technology is helping banks and other businesses to streamline their services, customers are no longer required to visit banks and their branches to carry out a wide range of banking services. Customers can use either internet banking or mobile banking to fulfill their banking requirements.
Comparison: Transfer Money to Russia
First Transfer Free!
- Transferwise is a very good provider for overseas transfers. The transfers are easy, convenient and secure. The most important thing is that the transfers are also much cheaper than with the bank.
Send money very fast!
- Save up to 90% compared to banks. No hidden costs. Large selection of countries.
First Transfer Free!
- Azimo is a very competent partner for the international transfer. Azimo has a large selection of countries and the transfers are safe and cheap.
Five Transfers Free!
- A world-class customer service, very good exchange rates and permanently favorable transfers abroad and to Germany convince. Only downside is the small selection of countries.
Customers now have access to multiple online fund transfer options like asRia Money Transfer, TransferWise, Payoneer, Western Union, WorldRemit, Money mule, Timeline of PayPal, WebMoney, Moneygram, Electronic funds transfer, Interac e-Transfer, Revolution Money, etc. Because of money transfer through the bank is highly expensive than any other money exchange house.
Now online money transfer companies are much more adept, efficient, and technologically updated to handle fraudulent activities. Money transfer can be initiated instantly and processed within a day or two through these houses. If the cheque of a bank account is stolen, the thieves gain access to your routing number and account number, and with that information, they can potentially drain your bank account.
So it is risky to bear cheque. So that if you used exchange house to transfer money it makes it easy to move money around when necessary to make a major purchase, take advantage of higher interest rates or make sure funds are available in the case of an emergency.
Money transfer to Russia online
In now a day’s online money transfer is gaining huge popularity and so are the numbers of companies who have started offering online money transfer services. Online payment allows you to make cashless payment for goods and services through cards, mobile phones or the internet.
For online payment savings cost and time, increased sales and reduced transaction cost. Easiest & fastest ways to send money online to your family worldwide with us avoid banks high exchange rates and send money through online within minutes.
A credit card is one of them constituting a popular method of online payment but can be expensive for the merchant to accept because of transaction fees primarily.
- Internet banking
- Google Wallet
- Mobile money wallets
- Ria Money Transfer
- Western Union
- Wire transfer
- World Remit
How can I send money to Russia?
When you need to get money to friends and family in Russia, the last thing you want to deal with is navigating a complicated and expensive process. Sending money from different countries to Russia doesn’t have to be expensive. When you compare the transfer fees and exchange rates of several options you can find the most Russia Russian rubles (RUB) for your US dollar.
From bank transfers and online transactions to options that allow recipients to collect your funds within minutes, sending an international money transfer to Russia is easy. There is a lot of online money transfer house in the world by using CUEX money transfer house you can easily send money to Russia.
PayPal is an American company operating a worldwide online payments system that supports online money transfers and serves as an electronic alternative to traditional paper methods like checks and money orders.
The company operates as a payment processor for online vendors, auction sites, and many other commercial users, for which it charges a fee in exchange for benefits such as one-click transactions and password memory.
Bank (is expensive)
Transfer of sending money to Russia through the bank is highly expensive than PayPal online money transfer.
Money transfer provider
Debit or Credit Card or Bank account.
How much does it cost to transfer money to Russia
Transfer fee 0.5% from a bank account & 3.9% from a credit card.
Duration of a money transfer to Russia
01 (One) Day
Conclusion on the money transfer to Russia Comparison
PayPal is a payment method already known by virtually anyone, which allows you to buy in many websites, as well as transferring money between users by email.
Comparison between TransferWise, Western Union & PayPal
If anyone sends USD 300.00 in western Union then receiver received in Russia at 17,297.70 rubles & additional you have to pay commission from $23 to $ 32. In TransferWise received 16,914.22 rubles & additional you have to pay commission from $4,47 & In PayPal received 16,667.97 rubles & & additional you have to pay commission from $1.5 to $12
- Western Union applies a good exchange rate but the high commission,
- TransferWise applies a good exchange rate but low commission.
- PayPal applies a good exchange rate but acceptance commission.