This post may contain affiliate links, which means we may receive a commission, at no cost to you, if you make a purchase through a link. Please see our full disclosure for further information. If not otherwise stated, all prices are intended in US$.
Unfortunately, with the surge in internet popularity come issues with security. There are people who spend their time trying to manipulate others in an attempt to steal their cash. There are websites that offer a ‘safe money transfer’ but in reality they are a big scam. This shouldn’t deter you from sending your money. You simply need to be savvier regarding the internet and secure cash transfers. Once you have read this article you should feel a lot more confident about sending your money.
The first thing you need to do is assess the company you are sending your money through. Take a look on their website and do a bit of research online. It is always recommended that you Google the company’s name. If the company is actually a scam then it is likely that people will have written about them on forums and alike in order to warn others. You should also look at the company’s website and assess how big they are. Have they been in the business for a long time? Have they got many agents and branches? This is important because it signifies that they are genuine. You should also make sure that their contact information is readily available on their website. It is advisable to call the number and check that it works. If everything proves to be in order then you can be safe in the knowledge that your transaction is being handled by a business that is reputable, established, and trustworthy.
You need to be mindful of scams. Individuals are targeted every day by those looking to take your money. You need to be very anxious when receiving any emails that ask for your details or say that you are entitled to a certain amount of money. Teach your employees about this. Find a reputable company yourself via the methods previously explained, don’t let them find you. In addition to this, you should never ever give money to someone you don’t know. You may deem this to be an obvious point. However, you would be shocked by how many people get sucked in by people they don’t know. If you are going to buy an item on an online auction for your business, then go through the proper channels. Don’t simply send unknown people money to their bank account because you may find you don’t receive the product you were meant to. You should also document all transactions properly. Templafy.com is a great option for this. Most breaches occur because employees don’t know where data is.
In addition to this, you need to make sure the company can answer some crucial questions before you commit to a transfer. You need to know how much you will be charged per transaction. You should also discover how long it will take before the recipient receives the money you are sending. You will also have to unearth what documentation you will need, when sending most transfers – especially if they are a large amount and / or are being sent abroad – you will need to provide some form of identification. A final point to remember before concluding is that you should get a receipt from the company immediately. If you fail to do so then you have no proof that you sent the money in the first place.
If you use the tips mentioned in this article then you should be able to benefit from a safe money transfer every time you need to send cash to someone. Use your common sense, do your research, and you’ll be fine.