It’s amazing the things technology has advanced, shaped, and improved. It’s changed so much of our everyday lives, from smart homes to smart cars, and having the Internet in the palm of your hand. There’s no need to ask for directions, and you’re instantly connected to everyone you love and care for through social media and instant messaging.
It’s also shaped the way we transfer money. In the time it takes to click a button, you can instantaneously transfer cash to someone in another part of the world.
The Old Ways of Sending Money
Before the Internet, transferring money required mailing personal checks or money orders, or simply driving long-distances to hand over cash in person. Money wires took days to be completed, until both banks could verify the funds were available. For someone in urgent need of money the waiting game was an unfortunate side-effect of a wire transfer.
How to Send Money Instantly
Today, it’s easy to instantly send money due to the ever-increasing technological advances of the human race. Technology has affected every way to send and receive funds, improving the system by increasing the speed, efficiency, and safety of sending and receiving cash.
In terms of personal checks, it isn’t necessary to write and send a check through the mail. Of course, you can do this, but you’re putting yourself at risk. Instead of sending Johnny a birthday card with some cash or a check stuffed inside, why not send him an e-card and attach a gift card to it? You have full control over when he’ll receive his gift – right down the very second. Plus, you’re saving trees which is a good deed.
Like e-cards, instant transfers are great for the environment because they reduce your need to travel long distances to give someone a small loan or the gift of cash. This saves you money because you’re not driving, which means less gas to buy and less wear and tear on your vehicle.
Sending money online used to take days to complete, but today’s services offer instant cash transfers. If you have to send money to a friend or relative overseas, the process takes 15 minutes if you use a debit or credit card. It really matters what service you’re using; some services, such as Ria Money Transfer, are instant or near-instant, while others use more dated money transfer methods.
This process is far speedier than older methods. You simply visit the website, fill in the info (your name, the recipient’s name, the destination country, your payment method, etc.), and click submit. Cash pickup is the fastest method, but if the recipient doesn’t have a way to pick up cash then bank deposits are a great second choice. At max, the entire process takes 15 minutes to complete, making it the most efficient way to send and receive money.
Moreover, transferring money is far safer than sending it in the mail. Mail can be lost, damaged, or stolen. It’s not a very risky solution, but there’s more risk to it than sending money online. Your information is secure when you visit a website that is verified by a security website, such as Verisign or Trust Pilot. Why employ even a small risk when you have zero risk transferring the funds online?
Technology truly has advanced the ways we transfer funds back and forth. Because technology never stops advancing, the future holds new ways to transfer money. Someday the world of money transfers will be even more changed than it already is.