How to send Money Overseas

Working online will mean that you have the potential to do business with people from all over the world. This means that both receiving and paying money to and from persons overseas is an essential part of carrying on your business. With so many options for transferring money like PayPal, direct transfers, Western Union and more, choosing the most appropriate method can get confusing. So which method is the safest and most appropriate one for your situation? We’ve done the research for you!

If you want to know about transferring money into Australia, click here.

Why would I want to send money overseas?

Unless you limit yourself by running an online business purely Down Under, both sending money overseas and receiving it is likely to become a big part of your business. As far away as we are, there is a world to connect with out there!  This is one of the great things about working online, as your ability to reach people from all corners of the globe will mean that finding the best people to do what you need, to the standard that you require can be simple. But what about reimbursing them?

best way to transfer money overseas

Transferring money alone can cause anxiety in many people, let alone an international transfer. As everybody wants money, transferring it through a safe and secure avenue is essential when sending money overseas. This insecurity can often hinder people from wanting to use services as they fear about the safety of their money and its ability to reach its destination.

The same bouts of anxiety can occur when receiving money for services performed for persons from outside of Australia. At times, you will not have a choice as to how these payments are made. For example, if you become an affiliate with Amazon you will have no choice but to receive a cheque. This can be tricky as not all Australian banks will accept a cheque in foreign currency. It would be worth looking into your own bank to see whether they accept these and what fees are applicable. Travelex will transfer these at certain locations, so this could be worth looking into as well.

For when you do have a choice, using a reputable service to both receive and transfer your money will allow you to rest assured that your money will reach its new owner safely.

How can I transfer money overseas?

There are many choices. Although some people will have a preference on how they receive money for services, ultimately it will likely be your say on how you reimburse them. As discussed, this is not always the case when receiving money, but by learning how to transfer money anywhere when the situation arises, you can be comfortable knowing you’re using the right method for you.

how to transfer money overseas


PayPal is one of the safest, easiest and most secure networks available for an overseas money transfer. Offering online money transfer, you simply need an email address of your recipient. This means that both you and the recipient do not need each others’ bank account/card details. Once your payment is processed, it is fast. Payments arrive into your recipient’s account instantly.

PayPal’s website provides a lot of information about how to send money overseas. You’re also given added piece of mind with their fraud protection. However, PayPal does charge a fee, which changes with the amount transferred. This fee can start to add up. There is more information about paying with PayPal below.

Western Union

A western money transfer will allow you to wire money to most locations in the world to transfer money overseas. Western Union also allows you to send money online. Money can be picked up immediately by the recipient during normal working hours, making Western Union great for when you require instant cash. A fee is charged from the amount received by the recipient. There is no protection if money is sent through to a scam. Western Union is a good choice when you need to transfer money quickly and the person needs cash.

Direct Bank Transfer

Most banks will allow you to transfer money via online banking. Follow your banks method or give them a call to learn your options. Most banks will allow this but do note that the exchange rate given will not be particularly favourable and waiting time can be up to and over a week.

World First

Offering some very competitive exchange rates, World First can be a good option. Charging a flat rate of $15, it is a great option for when higher amounts are required to be transferred. In fact, if you transfer over $10,000, there is no fee. The money will be available in the recipients account usually in less than 3 business days. However, the minimum transfer amount is $250 so this option is only suited for bigger jobs.

instant money transfer

How to use PayPal to send money

PayPal really is a great resource, and when it comes to transferring money overseas, it is quite possibly the best resource available. For many people, using PayPal to send money is their first and only preference when wanting to be paid. So how do you do an international money transfer using PayPal? By simply following these simple steps:

  1. Log into your PayPal account. If you do not have an account, now would be the time to create one. It is quick and easy to do.
  2. Transfer money into your PayPal account. To learn how to transfer money to PayPal, click here. If you are planning to use your credit/debit card to make payments, follow the instructions to add your card to your PayPal account. Please note that transferring through a card will incur extra fees. You can also arrange payments from a savings or cheque account which will save you money on fees but can take up to 3 business days.
  3. Select the country you will be transferring to, and enter the amount required to be transferred in the currency it is to be transferred in.
  4. Enter the recipient’s email address, choose your payment method and send. It’s that simple!

You can learn more here as well as calculate what fees you may have to pay to transfer the money.

A great feature of PayPal is that even if the recipient does not have a PayPal account yet, you can still send them a payment using their email address. They will then receive a message from PayPal telling them to create an account to receive their money. Once received, the recipient can simply transfer their payment into their bank account. As PayPal offers an instant money transfer service when using money through your PayPal account, it really can be the best way to transfer money overseas.

Any questions?

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