How does it work to transfer money?


There are always three people involved in a money transfer: the sender, the recipient and the intermediary - the one who delivers the money to the recipient.

Money can be sent through a bank, payment system. Electronic wallets such as https://askwallet.io/qiwi are also used for money transfers.

You can choose to send money via wire transfer - in this case the money will be sent from your account to the account.

For cash transfer you should deposit the amount in the cash department of intermediary company, and the recipient will receive it in the cash department of the partner in his city. You also have a combined option, i.e. you send cash to the recipient's bank account.

Choosing a variant take into account:

How is it most convenient for the recipient to get the money - for example, which intermediaries' offices are in his or her town;


How much money you need to send - many intermediaries have restrictions on the size of a single transfer or the amount of transfers per day, month;


how urgently the recipient needs the money - the speed of receipt depends on the transfer method;


what is the commission for the operation - often the faster the need to deliver money to the recipient, the higher the rate.