The Moldovan economy is controlled on cash basis, this makes it difficult to pay by card in areas outside capital city. The US Dollar and the Euro are the most widely accepted foreign currencies are. Its not always easy to exchange Sterling for local currency. The Moldovan Lei found in some ATMs in Chisinau, but only a limited accepts â€chip and pinâ€™ cards. ATMs outside Chisinau will not accept chip and pin cards.
Sending money via the internet or phone lines is available both from the Western Union and Money Gram, and payment for this is made through either a credit card or a debit card. To make money transfer secure, a unique control number is provided. It takes less than an hour to send money this way, but the speed of transmission still depends on the recipient's location and internet capabilities. To quickly access the sent money, it helps a lot if the recipient provides proper identification and has knowledge of the transaction control number.
The Western Union and Money gram still offer money transfer service done the old-fashioned way. To facilitate transactions sans the internet or phone, a sending money agent and receiving money agent are used. However, these require cash payment. The list of both companies' money transfer agents is available on their respective websites.
Paypal is now operating in more than 50 countries worldwide; it boosts an international membership of 95 million including Moldovans. Money is sent quickly, conveniently and inexpensively across countries.
Bank transfers and money orders are available in Moldova. Aside from cash, money can come in the form of checks and drafts. Foreign Checks, however, though cheaply prepared, may be costly and time-consuming for the recipient and unacceptable by some ban.
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Sending Money over the Internet to Moldova?
The rise of the Internet technology worldwide has enabled to carry out almost any transaction online as it is a powerhouse of knowledge. So you can even send money to Moldova from any Internet enabled computer. This is done by using your credit card or having the funds from your bank transferred to the recipient. He can pick up the funds in his local currency which is the Moldovan Leu or MDL within minutes of the transfer. Transferring money online is considered secure and quick with an added advantage of low fee and excellent customer service.
Monitor Currency Exchange Rates for Moldova?
Expats have to transfer money to their country regularly. So it becomes essential for them to continuously watch the currency rate of Moldova as they are directly affected by it. They have to deal with matters relating to money transfer and therefore ensure that they do not lose out on any money.
Moldovan Services of Money Transfer Organisations ?
The diversity of locations that is provided by money transfer organisations cannot be matched by any other money transfer service provider. Persons who have to transfer money between countries frequently can save a substantial amount of money by using the services of such organisations.
You can minimise your expenses when you do currency transfer to Moldova using the services of foreign exchange brokers. You can benefit from the combined advantage of low fees and high exchange rates.