10 Best Ways to Send Money to India


India and other countries have many virtual consultants who can help you succeed in business while paying reasonable fees. Let’s see the list of the 10 best ways to send money to India.

It’s time to learn how to send money to India to enjoy the wealth of advertising.

One of the biggest challenges is choosing the best payment option. Maybe you are outsourcing to India because you are looking for a good hourly rate.

So you may not want to tackle savings by increasing the number of your payments.

10 Best Ways to Send Money to India

In this article, we will see how to pay your team efficiently, securely, and affordably, whether in India or anywhere in the world.

ACH transfer

Best Ways to Send Money to India

Visit Website

An ACH transfer or domestic transfer is a good option for doing business in the United States. Many of the peer-to-peer payment services on this list work by initiating ACH transfers for you.

If the cost of the rebate is important to you, we recommend using the ACH rebate. The ACH rebate comes in two forms: debit and credit. Debit transfers tend to be free, but credit transfers can cost up to $3 per transaction.

Pros
  • It’s free with some banks or money transfer services, while others charge a small fee.
Cons
  • It can take more than 3 days, so it’s not the best option if you’re in a rush.

Wise

Best Ways to Send Money to India

Visit Website

Wise (formerly TransferWise) positions itself as a less expensive method of sending money overseas. It shows not only the number of changes in the exchange rate but also the purchasing power.

This is very important when discussing the salary of the team in India.

Pros
  • It is cheap due to the average market exchange rate. ($13.01 – 0.65% conversion rate).

  • Easy (online or in-app).

  • Available in 230 countries.

Cons
  • Sending money from Canada to India takes 2-3 business days.

  • You should analyze your business and personal accounts.

  • There are no status updates for the care recipient.

  • Sometimes the transmission is slow.

  • Mastercard only.

Remitly

Best Ways to Send Money to India

Visit Website

Another really good way you can send money to India is by using Remitly.

Remitly is another new player in the world of fintech. Reliable, fast, and secure car transfer service with very low fees and no car transfer fees over $1000.

But what sets it apart from the other options on this list is its ethics. Remitly has pledged Rs 5 million to companies supporting India during the COVID-19 pandemic.

This includes food, oxygen, and protective equipment. Remitly is a reliable, fast, and secure money transfer service with very low fees.

Pros
  • Affordable payout – $3.99 for transfers up to $1,000 (no payout for transfers over $1,000).

  • Initial payments are processed within 3 business days (free of charge). Shipping cost arrived within 4 hours (with payment).

  • A fixed exchange rate Changes up to $30,000.

Cons
  • $13 hidden exchange fee.

Wire transfer

Wire transfer

Visit Website

Wire transfers have been the primary form of money transfer for over 50 years. They are very safe, fast and reliable. But, as you might think, it’s a bit outdated in terms of convenience.

When you provide all the necessary information about the recipient to the school, the bank will start sending the money. Each bank has slightly different procedures, so you should check with your bank for the most accurate information.

Pros
  • Very fast service (usually within 24 hours) sure.

  • We work directly with authorized companies such as banks or Western Union to initiate wire transfers.

Cons
  • You will pay expedited fees – of 10-35 USD (check with your bank for the most accurate rate).

  • Once you’ve sent money, you can’t get it back. Send to the appropriate person.

  • You must go to a bank or other physical institution.

Xoom.com (part of Paypal)

Best Ways to Send Money to India

Visit Website

Zero (powered by PayPal) is considered one of the best money transfer services in the world. Since 2001, we have been providing fast, affordable, and convenient money transfer services. The best thing about Xoom is that it allows you to transfer money online and offline.

This means that as soon as the online transaction is completed, the recipient can withdraw the money to the address in India. No bank account or internet connection is required to receive money.

Pros
  • 24/7 multilingual service.

  • Fixed price of $4.99 no matter how much you spend.

  • The money arrives within minutes in most cases.

Cons
  • The basic account limits transfer to $2,999 per day. The zero is converted to the nearest rupee, so you may be charged a bit more accordingly.

  • Credit/debit card fees up to $90 in select countries Daily, monthly, and semi-annual limits on the amount you can send – these limits depend on your account balance.

MoneyGram

MoneyGram

Visit Website

MoneyGram is a major player in international money transfers and money transfers. It helps hundreds of thousands of people around the world send money to India and other countries every day.

MoneyGram is very fast and offers same-day transfers. Although the price is lower than other services. But if you plan to send money to India, it’s still cheap, and fast, and the service is the same.

Pros
  • Very fast delivery – usually done in less than 10 minutes.

  • A global network of over 350,000 agents in over 200 countries around the world.

  • Safe and reliable with anti-fraud Very little or no transfer fees to your bank account Reliable service for over 80 years.

Cons
  • Limit of $10,000 per month.

  • The exchange rate is negative and can go up to 5.05%. The data needed differs from nation to nation.

Western Union

Western Union

Visit Website

This is another really good way to send money to India.

Western Union has been a competitor in the money transfer industry for over a century. Reliability, convenience, and ease of use are the main bases for longevity.

With branches in almost every country in the world and local withdrawal options, it’s no wonder it’s one of the most popular money transfers. The service is also rapidly gaining popularity in the business market.

Pros
  • A simple and easy-to-use app.

  • More than 125,000 pick-up points in India.

Cons
  • This can take up to a week (faster if using debit or credit, but there will be a charge).

  • Not recommended for small sizes as it can be very expensive.

  • Prices and fees are unpredictable and subject to change depending on location and type of transaction.

PayPal

PayPal

Visit Website

PayPal is considered the largest online payment system. It makes it easy to transfer money from one account to another without directly using a credit card or bank account.

The advanced search feature is a surefire way to make sure you’re sending money to the right payer.

Each user has a unique link and a QR code. Nothing is concealed from you in terms of costs. Transfers are free for both sender and receiver.

Pros
  • Securely encrypted.

  • There is no charge for personal use.

  • Prevention of fraud and payment errors.

Cons
  • 2.9% transaction fee ($0.30 additional fee).

  • Instant payout fee 1% (free payout takes 1-3 days).

  • Account suspension occurs until we verify the accounting side.

Hubstaff

Best Ways to Send Money to India

Visit Website

You can automate the whole process, whether through PayPal, Wise, or any other tool on this list. You will receive automatic reminders to review your working hours and payment can only be made if approved.

Hubstaff’s automatic payments are fast, affordable, and reliable. You also have access to productivity tools that help everyone on your team get more done.

Pros
  • Ideal for continuous automatic payments.

  • Easily pay labor hours for remote sites, contractors, freelancers, and virtual assistants.

  • Take the time to agree to ensure you submit the correct amount for each payment period.

  • Dozens of activities and optional screenshots let you pay for time spent on projects.

Cons
  • To send money, you need a tool like PayPal and shared payment.

Transfast

Transfast

Visit Website

Last but not the least, one of the best ways to send money to India is throughTransfast.

Like PayPal, Transfast focuses on convenience. To get started, simply enter your benefits and where you want to send money.

Transfast is good for the recipient. They work with banks and tellers around the world as part of their payment system. This allows recipients to easily collect money without an internet connection.

Pros
  • Easy web experience with available apps.

  • The service has been in use for over 25 years.

  • Free if you pay at the bank.

Cons
  • Please allow 3-5 business days to receive your payment.

  • Check/credit card fees.

Conclusion

Finally, I have now completed a list of the 10 best ways to send money to India.


Leave a Comment