There are a lot of options when sending money to the Philippines.The process of transferring money is simple if you choose a provider.There are a number of ways to transfer money.Important factors to consider are potential fees and how long it takes to transfer money.
Step 1: You can learn about money transfers.
It's difficult to send money to the Philippines due to a number of legal reasons.A middleman company will handle the transfer for you.They can send the money via cash, a bank transfer, or an online transaction.Money transfer services have different fees and processes for transferring money.It's a good idea to compare several different services.
Step 2: It is the most convenient method to use.
If you have the email address of the person you want to send money to, you can type it into the app or website.The money can be sent there.Local bank transfers are the main reason for using Paypal.Less money than you think will make it through to the desired person can come from international conversion rates and fees.
Step 3: Payoneer can pay employees overseas.
Payoneer sends money to your employees.Payoneer has a flat rate for all overseas transfers.It's ideal for medium-sized businesses.
Step 4: Western Union can be used to send cash from the US.
Western Union can transfer money to the Philippines cheap if you're in the US.It usually takes a few minutes for money to go through an online transfer.If you send it to someone else, they can pick it up at their local Western Union kiosk.Western Union can be used if you live in the UK.Western Union is only available in the US and the UK.
Step 5: You can set up a personal account.
You can go to the following page: https://www.paypal.com/uk/webapps/mpp/account-selection.You will need to set up a Paypal account here.The information form needs to be filled in with your email and banking details.Once the account has been set up, you'll receive a confirmation email.It has made a name for itself by being the most convenient way to transfer money.
Step 6: You should verify your account.
You will need to verify that your banking details are legit if you haven't sent or received money before.A small amount of money will be sent to your bank account after you enter your banking details.You should confirm that you received the money.There is a reference code attached to the deposit.This should be noted down.To verify that you are the account holder, input the reference code into your account.
Step 7: You can get the email address of the person.
You need to know the email address of the person you are sending money to.They will need a Paypal account.You will be able to send money once they give you their email address.
Step 8: The money can be sent via Paypal.
You can go to the following page: https://www.paypal.com/uk/webapps/mpp/account-selection.The email address of the recipient should be input once you're signed in.Pick how much money you want to send.Depending on the amount of money transferred, transaction fees can range from $10-$40.You can use the table at the bottom of the page to find out which fees are applicable to you.
Step 9: You have to sign up for a Payoneer account.
Go to the following website: https://payouts.payoneer.com/partners.You'll be asked to provide basic information such as your name, email address, and date of birth.You will be asked to give your mobile number.This is used to verify.Payoneer is similar to other payment methods.Payoneer is for professionals, businesses and contractors.
Step 10: You can transfer money through banks or through a pre-paid Mastercard.
The method of transferring money will be decided after you provide the basic information.It's best to use a bank transfer if the recipient has a Mastercard.You need to enter these bank details if you want to send and receive money.
Step 11: The verification number is on your phone.
You'll be presented with a box asking for a verification number.Payoneer will send you a text.It might take a few minutes to arrive.The text will contain a number once it does.If you type this into the box, you'll get a verification number.
Step 12: Payoneer will approve your account.
Payoneer employees will review and approve your account.Depending on how busy they are, this can take a few hours.They will send you a confirmation email once your account is approved.
Step 13: The recipient's details can be filled in by selecting 'Make a Payment'.
Click 'Make a Payment' at the top of the page when you log in to your new account.The recipient's details should be entered.You can email them directly if they have a Payoneer account.You can enter their account number and sort code if you have their banking details.
Step 14: You can choose the amount of money you wish to send.
The amount of money you wish to send will be entered.Payoneer will charge a 3% fee on money sent abroad.The fee is the same no matter where you are sending it.The recipient will be able to withdraw money from their Payoneer accounts or their bank accounts.
Step 15: You need to sign up for a Western Union account.
Western Union is a US-based company.It is a slower option than Payoneer.To register for Western Union, go to the website: https://www.westernunion.com/us/en/send-money/app/register.
Step 16: The account must be made with the required information.
You should enter your name, address, date of birth, and email address.The page will ask for your phone number.This is to verify.
Step 17: You can type in the verification number.
A text will be sent to your phone after you complete the first page.An important verification number will be contained in the message.Western Union can verify the person who signed up for the account by entering this number back into the website.
Step 18: Your financial details should be filled in.
Bank transfers are the main activity of Western Union.You need a bank account to send money through the service.This usually includes your account number and sort-code.You're ready to send money once your financial information is entered.
Step 19: Do you want to do a bank transfer or cash pickup?
Once you've made your account, you can use the app to start sending money.Select 'Philippines' at the top of the page and click the American flag.You can enter the amount of money you want to send.It will show you a conversion.You can either send the money to a bank account or cash it in.A bank account transfer will allow the recipient to log in to their account and withdraw money.The method can take a couple of days.A cash pickup is not the same as a physical one.There are several Western Union pickup locations in the Philippines.Pick a location that is close to your intended recipient.Western Union will send the money to the location in pesos, and your recipient will be able to pick it up in cash.Depending on how you pay, this method can be instant or several days.
Step 20: How you pay for the bank transfer is up to you.
If you're sending money to a bank account, you can pay with a credit or debit card, but you will have to pay a fee of $5.You can pay with a bank account, which takes 4-5 business days, but incurs no extra charges.
Step 21: Decide how to pay for a pickup.
You can instantly send money to a pickup location by using a credit or debit card.A $4 charge is incurred when you send money through a bank account.Western Union has a retail store in your country where you can pay your money.The transfer costs $5.