There are multiple factors which need to be considered while comparing money transferring companies and here we are discussing a few of them:
Exchange rates: You must check the live market exchange rates and then rates offered by the companies so that you would know how much margin the companies are taking from you for the conversion of currency.
Transfer fees: You must check whether you have to pay a flat fee or company is charging fees on a percentage basis. If you are about to send the large amount, then try to get a fee-free transfer.
Transfer speed: There are multiple companies which offer faster transfers, so, if it’s urgent, you can take the service of those companies otherwise use the bank transfer option which is highly cost-effective.
Transfer limits: Here the best option lies on how much amount you want to send. You will get very cost efficient options if you want to send a larger amount.
Scheduling the transfer option: Companies also offer the scheduling option but in this company will transfer the amount without caring of the exchange rates and market fluctuations, so you should avoid this option to get the best transfer rates.
Delivery options: Most of the companies are offering multiple delivery options such as bank transfer, airtime top-up, mobile money, cash pick-up and home delivery options. You select the one which is more profitable for you and your recipient.
Customer support: Many companies provide 24*7 customer support, chat facilities, on request call and email services. So, select the one which has good customer support service as they can help you out if needed.