By Anirban Bhattacharya

Online money transfer has simplified our lives in great many number of ways. First, it negated the need to stand in long queues in front of a bank counter, then it eased the entire method of sending money to beneficiaries, and even more, it started allowing customers to pay directly from their bank accounts. Such has been the popularity of online money transfer that today over half of all money transfers are done online. Interestingly, more and more innovative uses of online money transfers are evolving…and at this point of time, we can't really foresee how much more simplified online money transfer will make lives for us. Initially, only banks used to offer the facility of online money transfer. To avail it, users needed an user id and password for respective accounts, which they could use to transfer money online from one account to the other. However, the major disadvantage of most online money transfer services offered by banks is that, users’ facility was limited only to account to account transfer within the same banks. This barricade, however removed gradually as patrons could start using online money transfer facilities given by banks to transfer money to other bank accounts. The real breakthrough in online money transfer was brought by private non-banking players, i.e. PayPal, Western Union, Epay, etc. These players defined an ingenious way of transferring money online through emails. All users need is to create an account and fund the account using credit card. The money can then be used to make payments, transfer to any bank, any country, and any account instantly. what makes it even better is transaction charges levied by these non-banking organizations, which is so economic that everyone can afford. In order to find out which services are most beneficial for you, visit EPAY.com and review all the major services it offers, including the key advantages of epay, fees charged by epay, and guarantee that epay gives for risk-free online money transfer.

Submitted By editor123

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