International money transfers are growing popular with each passing year, and it’s not surprising: way more people are working abroad now or becoming freelancers than ever before. Many people want to find a reliable way to transfer money to the Philippines, but banks are too slow and strict, and crypto is not a universal option. However, you can always use online payment platforms: they are quick, cheap, and reliable. In this article, we tell you about the top 4 options you should check out.
Launched in 2014, Wise is a UK-based fintech startup that specializes in international payments. It is available in about 150 countries all around the world. You can choose from about 50 currencies, and you can transfer money in major currencies without the need to convert them, and that is one of the reasons the platform has relatively low overall fees. There is an option to fix rates for a short period of time to prevent losses from sudden price changes.
Another reputable British fintech startup, Revolut is probably the most convenient way to send money to the Philippines you can find. This payment system supports about 30 currencies, but there are very low fees for most transactions, and you can also transfer a limited number of cryptocurrencies through the same service. There are also many different additional features like investment options and some cashback for booking especially useful for people who travel a lot.
PayPal is probably the most popular payment system in the world. It’s great for people who don’t want to share their card information with others since you can link your operations to an email address or a phone number. PayPal supports about 25 currencies. It’s known to be pretty fast, and you get a debit card that’s extremely useful for making payments while shopping online since there are fees only for conversion, not for your payments themselves.
Probably the least well-known of these four platforms, Curve deserves much more attention. Basically, it’s an online service that allows you to bind a variety of cards to one account and use them all via the Curve card. You can switch between cards any time you want to use their bonuses to the fullest. The app allows you to send money abroad under attractive and flexible conditions and offers a variety of additional features.