How to Send Money Over the Internet

Woman on laptop

There are several different ways to send money online both domestically and internationally. Whether you need to send money for business or personal reasons, there are easy and convenient ways to do so.

Ways to Send Money Online

If you need to send someone a payment online or need to transfer money, there are some easy and stress-free options to consider. Depending on the option you choose and the requirements involved, you can send money instantly or within a few days. Check out the various services and determine which one works best for you.


PayPal transactions are guaranteed safe and secure, and the service supports over 190 countries and 20 currencies. In order to use the services offered by PayPal, you must first set up an account. The person you are sending money to will also need an account. To set up an account, you will be asked for the following:

PayPal in browser window
  • Valid checking account or credit card
  • Email address
  • Your personal information such as address and phone number

Once you have a PayPal account set up, you can do several things:

  • You can transfer funds directly from your PayPal account to another PayPal account.
  • For those wanting to send or receive money in an instant, PayPal offers a debit card that works just like a bank debit card.
  • You can also make online payments or set up a merchant account for your business.

Fees vary based on the way you choose to send money. Sending and receiving money through PayPal domestically is free when you use your PayPal account or a bank account. If you send money as a personal payment using your credit card or debit card, there will be a 2.9% fee plus $.30 of the sent amount. Fees can either be paid by the person sending the money or the recipient. Fees will also be charged if you request money from friends or family and they pay you from their bank account or PayPal account.

International transfers come with fees that depend on the currency you send in, the payment method used and the transfer amount. Sending money internationally does not cost any additional fees if the money is going directly to a merchant. Otherwise, the receiver pays a base fee per transaction as well as a percentage of the amount sent, which varies by currency. PayPal offers a tool that shows you the fees for each country, and when you are sending a transfer, PayPal shows you all applicable fees before you submit the transfer.


MoneyGram provides a convenient way to send money online to both domestic and international locations. The company's eMoney Transfer program offers same day service as well as three and five day options. To use this program, you must create a MoneyGram account. You will then need to enter both your and the recipient's information as well as the amount of money being sent and which method you wish to use. The recipient picks up the funds in person at a nearby MoneyGram location.

MoneyGram offers the following service levels for sending money online:

  • Same Day Service: You will need to use either debit or credit card for this service. The money will arrive within minutes.
  • Economy Service: You will need to use your bank account for this option. Money will arrive in approximately three business days.

MoneyGram charges fees for all transactions. Typically, domestic fees for a $100 transfer are $12 for same day service and $8 for the economy service. A $100 international transfer costs around $14 for the same day service and $10 for the economy service. Fees can be paid with a credit or debit card. Use MoneyGram's online cost calculator to estimate the cost of your transaction. provides you a safe and secure way to send money online to a recipient in another country. This site offers low fees and service to over 30 countries. Funds are sent in US dollars and converted to the recipient's currency. To begin sending money, you will need to create a sign-in by providing your name, phone number and email address. You will then choose who is to receive the money. accepts both bank account transfers and credit cards, and it has locations all over the world. The receiver can get the money through one of the following methods:

  • Cash pickup at a location
  • Bank account deposit
  • Home delivery

Fees vary depending on the amount you plan on sending, the recipient's location, and your payment method. If you pay with a bank account, there is a flat fee that can range from $2.99 to $4.99. For those using a credit or debit card, the fee increases with the amount. For example, sending $100 to someone in Germany will require a $9.99 credit card or debit card fee, but the same transfer to India would cost only $4.99. To get the rates for your transfer, try out the site's calculator.

Western Union

Western Union has an online option for sending money around the world. This option allows people to send money any day or time of the week. When sending money online through Western Union, you can have the recipient pick up the funds at a Western Union location as cash or a prepaid gift card, or the person can receive the money in his or her bank account through wire transfer or direct deposit.

Money can also be deposited into a mobile wallet for some locations. Money can be transferred within minutes or days, depending on the type of transaction you pick. Some of the transactions available are:

Western Union in browser window
  • Money in Minutes
  • Three Day Service
  • Online Bill Pay

To begin sending money online at Western Union, you must first fill out an online form indicating the amount to be sent, as well as the name and address of the recipient. You will also be asked to register as a user of Western Union. You will need to either link your bank account to Western Union or use a credit or debit card to send money online.

Western Union does charge a fee for online transactions. All fees can be charged to a credit or debit card. The amount of money being sent and the method you choose to transfer funds will determine how much the fee will be. The minimum transaction charge is $5 for domestic transfers. As an example, the fee for sending $100 online using the Money in Minutes option is $10. Debit and credit card payments cost more than those from a bank account, and international transfers also come with higher fees. To estimate the exact price of sending money to a domestic or international location, use the price estimator on Western Union's website.

XE Trade

XE Trade offers an international money transfer service that is secure and supports various currencies. The site works with wire transfers and Electronic Funds Transfer (EFT) from your bank account, and the recipient can get the money by bank draft, wire transfer or EFT. An automated clearing house (ACH) option is also available if you're sending the money to pay for a bill.

To send money through XE, you need to set up an account, which can take at least a day to get activated. The account setup and money transfer process is as follows:

  • Create an account on the website (using your full legal name and providing two methods of identification)
  • Obtain a quote with the lock-in currency exchange rate for the transfer amount
  • Use your bank account to send the money to XE Trade

The service itself does not cost you additional fees if you use EFT to send the funds to XE. There is a charge if you choose to use a wire transfer. After you send the money, XE converts it according to the rates on the quote you received. The funds are then delivered to the recipient using the method you selected.

Local and Online Banks

Many banks offer their clients free online money transfers between their accounts. Some also offer online bill pay options. You will need to sign up with your bank to access online options. You will want to check with your local or online bank to find out if and what online services are available. You can call your bank's customer service line or ask in person at your closest branch location. You can even search online to see if your bank has online services.

Safe and Secure Transfers

If you need to send money online, always make sure that the site you are using is both safe and secure. Only use reputable sites that have a secure server. Many sites will allow you to track your transactions, giving you peace of mind.

Was this page useful?
How to Send Money Over the Internet