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"Best Money Transfer Service"

A money transfer company provides a method for one person or business to send money to another person or business. This can be done online, in person at a bank, over the telephone or through money order services, and can be completed for domestic transfers or international payments.

Usually, the money transfer company acts like a broker, receiving the funds from the originator and then transferring them to the recipient – and in the case of international transfers, the money transfer company will exchange it into the right currency before depositing the funds.

Some money transfer companies accept incoming funds from credit cards, while others need a connected bank account.

In some cases, recipients can get the funds paid into their bank account or can arrange to collect cash.

To handle your money safely and securely, all money transfer companies must be regulated – in the US, this is the remit of the Financial Crimes Enforcement Network, and all members must follow guidelines and stipulations to keep money safe.

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