International Money Transfer
July 9, 2019
What is an international money transfer?
An International Money Transfer is an electronic transfer of money to a friend, relative, merchant, or company overseas. The person or company you are paying (sending money to) is a beneficiary. The bank the funds you send the beneficiary bank. The international money transfer always includes a specific amount and a specific currency.
With dynamic currency conversion, Playspacelv makes it easy to receive and send money to email addresses and telephone numbers as well as to banks and financial institutions, depending on the integrated service.
Examples of international money transfers:
- Chinese consumer purchases pharmaceuticals from the U.S-based company and pays online via a credit card;
- The Australian citizen sends money within a payment app to her friend in the Russian Federation;
- American volunteers donate money to the African charity based in Kongo by using a credit card.
