Sending money to Africa is an easy way to help out friends and family there, but it can be surprisingly expensive and time-consuming if you don’t know what you’re doing.
If you have the right tools and services, though, it can be cheaper and easier than you thought possible, allowing you to help out more people or reach your goal faster.
No matter what your reasons are, here’s how you can send money cheaply and easily between Africa and the United States.
How to get started?
The first step is signing up for an Afriex account. Don’t worry, it’s free. From there, you need to link your bank account or credit card so that money can be withdrawn from it into your Afriex account.
This is pretty straightforward — just follow instructions on their website by using the travel “write for us” — but might take a few days to fully complete. Once done, you can start sending money from anywhere in North America.
When sending money to Africa, it’s important to make sure you’re dealing with a reputable company.
Afriex is one of these companies. Also, you can read about how to sell digital art, it will help you in making money in the digital world.
How much will it cost?
Using Western Union can be extremely expensive; depending on how much you’re sending, it can cost as much as 5-10% of your total transaction. On top of that, you may also have to pay a service fee from your bank if it doesn’t accept transfers through Western Union.
On the other hand, sending money with Afriex change is both affordable and convenient. You can send up to $1,000 per day for free or just $15 for any amount over $1,000. There are no hidden fees or extra charges so you know exactly what you’ll be paying before you send your money.
And when compared to Western Union (or another money transfer company), there is no comparison in terms of price!
When sending money to Africa with Afriex, you’ll be paying around 2.5% of your total transaction. This means that for every $100 you spend, you’ll only be paying $2.50 in fees—which is almost half of what Western Union charges!
What kind of things should you pay attention to when looking for a company?
Your first step when looking for a company that can send money is to assess your needs. While there are many companies out there, they often have different things they specialize in.
If you need help with sending regularly scheduled payments, you might want a larger company that can offer more regular services.
If you’re trying to send money just once, or as a one-time thing, then you might want a smaller company that offers a more custom service. Whatever your situation may be, do some research and find a company that matches what you need best! What should you look for in an international money transfer provider?:
How much does it cost?:
The most important factor is how much it costs. There are many different ways of sending money overseas, but they all have their own costs associated with them. Before signing up with any company, make sure to get a quote on how much it will cost per transaction.
What types of transfers can I make?:
Some companies specialize in certain types of transfers while others offer every type possible. Some companies only offer one-way transfers while others allow both incoming and outgoing transactions from their customers. It’s important to know what kind of services are available before signing up with any company so that you don’t end up paying for something you don’t need or want!
What is their transfer speed?
Transfer speeds vary by company, but it’s important to look at a few different factors when comparing them. The first thing you should look at is how long it takes for money to arrive once it has been sent out.
The next thing you should look at is how long it takes for money to be received once it has been sent out. This means if your money leaves on Monday, how long will it take until Tuesday morning? And then once your money arrives, how long will it take until Wednesday morning?
Is Sending Money to Africa with Afriex the Best Way?
There are two ways of sending money to Africa. One way is through companies like Western Union, which will charge you exorbitant fees for transferring small amounts of money from one place to another.
The other way is through companies that connect consumers with African banks, including Afriex. You can also know how to send money through Oxigen Wallet from one platform to another with an easy process.
Afriex has better rates than Western Union and other unbanked options and their transfer process is simple and easy, taking no more than a few minutes.
If you’re looking for a fast and cheap way of sending money to an African bank account, consider Afriex!
Final Word
If you’re planning on sending money to a loved one in Africa, do it right.
Companies like Afriex offer foreign exchange services that allow you to wire money abroad. As they partner with local banks, they make it easy for recipients to access funds without having to pay ATM fees or currency conversion rates (which are often exorbitant).
However, be careful when choosing an operator; not all of them have solid reputations.
