Before now, international money transfer used to be a difficult process for people to go through due to the heavy paperwork until the innovation of international finance transfer companies like WebMoney, PayPal, MoneyGram, WesternUnion etc. Right now, sending money from UK, China, India, Canada, U.S, UAE can be done faster and easier on a web app which is done on any internet connected device.
There are various online money transfer companies which you can approach for the service of sending money to Nigeria and we have chosen some of them which would be revealed to you in this article. You should have it at the back of your mind that every money transfer company has its costs and fees which it charges on its clients when they make an international money transfer.
The charges could be inflated due to exchange rate or the quickness and safety of the transaction. This is to say that if you are sending money to Nigeria from countries like the United States, United Kingdom, China, Australia, UAE, France etc, there would be high commission percentage costs to pay and you would also need to pay some hidden costs for the money transfer service.
Bitcoin is no doubt one of the easiest and cheapest method to send money to Nigeria or any part of the world. Since it gained popularity, it has taken over the traditional bank wire. Unlike the expensive swift charges banks apply on bank wire transfers, bitcoin transfers are very cheap to initiate and the good thing about it is that its very fast and it could even be faster depending on the fees paid for transfer which is still very affordable. All you need is to own a bitcoin wallet with a reputable cryptocurrency wallet provider where you can send and receive your bitcoin transactions. Once you receive your bitcoin funds, you can proceed to convert it to naira from an exchanger. You can do that with the fastest exchanger www.mytopexchange.com in Nigeria without a sweat! They deal with all e-currency exchange such as Neteller, Skrill, Perfect Money, Bitcoin, Paypal, Payoneer, Etherum e.t.c
Skrill, formerly known as Moneybookers is a global money transfer company which helps people to send money to any country of their choice (if the region/country is supported by Skrill). Skrill is a major competitor to PayPal and they have been used and trusted by so many Nigerians for money transfer service due to its low fees & charges, sending of text messages from Skrill account and the free setup which it offers.
Formerly, Nigeria was banned and restricted from using Skrill to receive or transfer money. But now, Skrill is fully functional in the country. You can bank on Skrill to send money to anyone in Nigeria because Skrill supports clients from Nigeria.
Western Union is a worldwide known money transfer company which has been present for more than 10 decades. Through Western Union, you can send money to Nigeria and every other countries of the world.
Money transfers can be done on Western Union through its agents, or online app. The recipient who is in Nigeria can receive his money from the Western Union agents around him or the money can be transferred directly to his or her local bank account.
Moneygram is an international money transfer company that’s allows you to send money to any part of the world. The sweetest thing about their service is that you can send money directly to the bank account or the mobile wallet of the recipient.
You can send money to Nigeria through a MoneyGram agent or send it online with their website. You enter the name of the recipient and your payment method (credit/debit card or directly from your bank account).
Payoneer is an online financial service company which is very affordable and convenient for sending and receiving of money internationally. Through the medium, anyone can send money to Nigeria and also receive globally from any source.
Payoneer is useful in African countries such as Ghana and Nigeria; where it allows people to withdraw their money at the ATM or withdraw from their PayPal account (after they might have linked it).