It doesn’t matter whether you’re doing business in Nepal or sending money to a friend or a family member. If you’ve ever sent money abroad before, you probably know how choosing the wrong remittance provider can lead to various problems.
There is a wide range of money transfer services, digital wallets, and banks that enable you to send money to Nepal. But the question is, how can you be sure you’ve made the right choice? Here is the answer.
The Exchange Rate & Fees
The first question that may pop up in your mind is: How much will it cost to send money to Nepal? The answer to that depends on two factors: The exchange rate and the transfer fee. The exchange rate is constantly fluctuating and never fixed, but generally, online remittance providers offer far better rates than banks.
As for the fees, even though banks are desired by many people, they charge outrageous fees. However, not all are the same. Some try to trick and fool customers by claiming to charge “zero fees” when they actually charge the fees within the exchange rate margin.
Coupons & Promotions
When you’re looking for a remittance provider, keep an eye on the ones that offer special deals. Of course, only a few providers do that, but if you search enough, you will find it!
Security & Support
Transferring money overseas can be a hassle because there will be some hiccups during the process. Having access to 24/7 customer support helps you get the answer you seek immediately and not have to wait around for the weekend to be over.
Among all the online remittance providers, only the reliable ones have the capacity to give you 24/7 support, even during weekends. Plus, when you transfer funds to a foreign country (especially the less mainstream destinations like Nepal), you need to know that the provider has reliable technology to secure the transaction. Without security, nothing else matters!
Some online remittance providers may try to lure you in with offers that look too good to be true. What You need is some sort of a checklist to know they can deliver on their promises. These three tips will help you select a provider that charges affordable, transparent fees, offers reasonable exchange rates, and specializes in exotic destinations such as Nepal.
Lycaremit is one of these companies that checks all those boxes. With Lycaremit, you have 24/7 access to customer support, and you can relax knowing that every transfer is secured with super-secure RSA 256-bit encryption. So, don’t hesitate and register right away!