Sending Money to Mexico: Mexico is a premier central American country bordering the United States that is renowned around the world for its history, culture and cuisine. Besides, it has strong economic ties with many nations of the world, particularly America. There is quite a bit of money that comes to Mexico every year by way of remittances made by Mexicans abroad, as also on account of goods and services sold by Mexican individuals and businesses to people and businesses abroad, you just need to do a quick Google search for money order near me in order to receive it .”
Facilitating these international money transfers into Mexico are several traditional and new age money transfer organizations. Of the many ways of sending money to Mexico, the online method has gained in importance in light of its convenience and efficiency. Besides, the fact that you don’t need to visit a physical location to make a transaction possible is very appealing in today’s digital times.
Let us look at some of the most popular money transfer services used by people to transfer money to Mexico online:
Moneygram
This is a top-rated service used by people to transfer money to Mexico on account of the fact that money can be transferred within an hour. Besides, you can easily pay by way of debit or credit cards and bank transfers. You can even pay by cash, if that is convenient to you. The money can be received in a person or business’s bank account or picked up as cash.
WorldRemit
Again, this international money transfer service is very popular on account of its ability to allow one to make an international money transfer in a matter of minutes. You can use a debit or a credit card as well as a bank transfer to pay for the international remittance. The receiver can obtain their money via a bank account, mobile top up or a cash pick up.
Remitly
They offer you the choice of either the express delivery that enables an international money transfer in minutes or the economy delivery that allows the international money transfer to occur in three to five days. One can easily make the payment for the international transfer with the help of a debit card, credit card or bank transfer. The payment is received abroad, either into the recipient’s bank account or by way of a cash pick up.
TransferWise
Another popular way of transferring money abroad which lets you pay by a debit card, credit card and bank transfer. The recipient can receive the money only into their bank account. It is best to use one’s cards to make the payment for the international transfer through TransferWise for the payment will then be remitted in a matter of minutes.
Western Union
This is one of the traditionally popular ways of sending money abroad, but is still popular in the digital age. Their biggest advantage is that they can enable an international transfer anywhere within an hour.. Besides they let you pay by debit card, credit card, bank transfer and wire transfer, apart from cash. The delivery however is by way of a cash pick up.
PayPal
Quite a popular way of making payments in the gig economy, it is quite easy to set up and an international money transfer usually takes three to five days. One pays by bank transfer and the recipient gets the money in their bank account.
Xoom
Much as the name would suggest, this is a fast way of making an international money transfer with the recipient receiving the money in hours rather than days. One can pay by way of bank transfer and the money can be received either into a bank account or via a cash pick up.
XE
This again is a popular way of sending money to Mexico or for that matter any other country on account of its ability to reach the money the same day. The mode of payment is quite flexible with you being allowed to use a debit card or a credit card, as well as by way of a wire or ACH transfer. The money thus sent gets received into the recipient’s bank account.
TransferMate
International money transfers made through TransferMate take two business days and one can make the payment via bank transfer. The recipient will conveniently receive the money in their bank account.
Conclusion
The more the economies of the world and especially the financial sector get integrated into the digital economy, the greater will be the incidence of online money transfers or Sending Money to Mexico. Transferring money internationally through digital means offers the advantages of convenience, speed, security and economy over the traditional methods and this is something that is making more and more people, especially the digital native generation take to it in a major way.
Besides, digital transfers offer newer ways of reaching money to the farthest corners of the world ever. A good example of this is mobile top ups, where a recipient can be paid even if they don’t have a bank account. Truly, the international money transfer scene will only become more exciting in the days to come.
