Online Money Transfer Basics

Posted: 11th July 2011 by admin in Remittance methods

The main reasons to send money to Zimbabwe via an online money transfer service are undeniable: Online money transfer is fast, convenient and safe.

Numerous safety measures are in place to ensure that your money goes exactly where it needs to go. Multiple layers of data encryption are used for online money transfers. That way, if by chance the data is stolen or hacked en route to the recipient, it’s all coded multiple times so that it’s illogical, illegible jibber-jabber. It’s money on a screen to you, but once you hit send on a secure money transfer Web site, it goes out into the Internet as coded data, and once it’s received by the recipient’s bank or service, it’s decoded and deposited as currency.

All online banking transactions, including online money transfer services, are processed by the Automated Clearing House (ACH), an independent agency that offers secure financial data transmission. The various services offer other levels of protection to guarantee your money will be sent and your bank accounts won’t be compromised.

OK, so it’s safe for you, and for the person that needs money.