There are many ways to transfer money online both internationally and locally to every corner of the world, the most popular of the lot includes:
-Online payment services e.g skrill, paypal etc.
-Money transfer operators e. g Western Union, Moneygram.
-Bank wire transfers
-Foreign exchange broker e. g US forex
Paypal requires just the amount and the recipient email address but not too suitable for large transfers. Money can be sent by online website or mobile banking and the receiver picks up the money at the service branch closest to him. The sender is not required to sign up for anything for making his transfer on western union, but you're required to have some of the receiver's information and to tell them what the Money Transfer Control Number (MTCN) is.
Money gram service is somewhat similar as you can transfer funds anywhere in the world straight to the receiver's money wallet, bank account or have them pick it up in person at any money gram location.
For a bank wire transfer both the sender and the receiver need to have active bank accounts. In order to send a bank wire transfer certain information's are needed to facilitate efficient delivery of the money to the right recipient. Required info will be filled in the form which the receiver will be asked to fill. Its good for transfer of large funds and is safe as the transaction will be handled by the bank itself.
All these money transfer media have their own charges for the transfer, it maybe fixed charges or percentage based charges. These charges depend on the amount to be transferred, location and delivery preference of the receiver. N.B: All the above means have pickup locations in Costa Rica.
There are no much restriction to sending/receiving money online, in Costa Rica few problems are imminent:
-Tax considerations. -Rigorous registration process. -Large service charges as in the case of bank wire transfers. -Online payment services are prone to hackers. -Funds transfer limit in the case of online payment.
Need to send money fast Costa Rica? When you need to send money to Costa Rica fast you need to know a way to do this it is safe and dependable. It is no good trying to buy the Costa Rica colón in an exchange bureau in your city and then send it on to your relatives as this is very unsafe. Not only that but you could find yourself losing out on the exchange rate if you do not check the current currency rate Costa Rica are currently following. So make sure that you use an online application to check this before you send your money.
Why wait 5 days
If you have only ever used a bank transfers to transfer money to Costa Rica you will know how long this takes. So if you want to make sure your relatives get the money quickly forget about bank transfer. Instead look towards an online instant money transfer and put your relative's minds at rest quickly.
Go online and send currency
You can go online and complete a currency transfer to Costa Rica in less than 30 minutes. Then once you have sent your first instant transfer you can set up a regular payment, if you want to. Being able to arrange regular payments like this means that you will have the peace of mind of knowing that your relatives will have money on a regular basis. Not only that but you do not have to worry about remembering to send money each week or each month.