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Factors to Consider When Comparing International Money Transfer Providers

Sending money to your loved ones is simple. Most of the time, you would just have to go to the remittance branch, sign a few forms, give the agent your preferred amount, then let your family back at home know that the money is on the way, providing them the control number at the same time. Yes, it looks simple; however, you must also consider the type of remittance agents that you would be transacting with. More often than not, you pay more while your family gets less, sacrificing great value in the process. No need to worry, as we had enumerated a few things to look out for when comparing international money remittance providers:

Familiarity and reputation of the company.

As with other branded products like shoes and clothes, services with a formidable and well-known name are more trusted than those of unknown origins. This is not to say that familiar brands and services are a 100% perfect with their quality, however, there is a reason why such companies stood the test of time. Well-known companies are indeed “well-known” for a reason, and that is due to the fact that they lasted years, evolved with the needs of their clients and customers, and continued to present them with great deals throughout the years.

Remittance fees.

Whenever you are availing the service or product of a company or a particular brand, it is only normal to pay equivalent fees. Some prices are reasonable; however, you wouldn’t want to pay a huge amount of money for a service that seems very minimal. Money remittance involves a certain amount of transaction, but keep in mind that each service charge is determined by a formula or computation, deriving percentage from the amount that you will send to your loved ones back at home and not by the discretion of the remittance company itself.

Partners (banks and possibly other remittance centers)

It would be a hassle for your loved ones to travel far just to reach a remittance center from the same company where you had your money sent. Some remittance centers partner with banks and other transaction agents just so your loved ones may receive the amount, even from a different service area. Remittance partners should be abundant and easy to find, to ensure that your money will be received with the least amount of hassle, and in no time.

With these factors in mind, you are ready to send your hard-earned money to your family back at home; however, you are still undecided as to which remitting center you should transact with. Well no need to look any further, with Cebuana Lhuillier’s Pera Padala Service, you are ensured an easy, quick, and safe way to send and receive money. With more than 2,000 branches nationwide and accredited international partners, this money transfer service is made available to clients within and outside the Philippines. All transactions are real time, which enables clients to claim the money as soon as the sender completes the sending process in the branch. Visit your nearest Cebuana Lhuillier branch now!

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