How To Transfer Money Safely

07 December 2011 - Which Way to Pay

Email Article Print Article

How To Transfer Money Safely

Using a money transfer service is a way to send money to people that you know and trust. Money transfer providers offer fast, convenient and reliable options for consumers to send and receive money worldwide.

However, money transfer services are often used by fraudsters in connection with many types of fraud. Being aware is half the battle and will prevent you from being cheated.

Never let a fraudster educate you on how a money transfer service works - only take advice from the money transfer company

Never ignore the warnings or make false statements on money transfer documents. The information is there to protect you.

Do not pay for items bought on line, including via Auction sites, using a money transfer service. Providers of money transfer services are not responsible for the satisfactory receipt of goods or services paid for by means of a money transfer.

Never share details of a money transfer with a third party to prove the availability of funds. Doing so may enable the money transfer to be paid to that third party. This is known as a ‘Proof of Funds’ fraud.

Many people become victims of fraud due to a relationship they have over the Internet. This may be persuasive selling or a long term ‘honey-trap’ romance lasting months.

The advice is simple: Never send money to, or share details of a money transfer with, somebody that you do not know.



Compare Foreign Exchange and Currency >>

Compare Loan and Debt Products >>

Compare Cards Products >>

Compare Money Products >>

Compare Insurance Products >>

Everyone in this day in Age has some kind of gadget. lets hope its insured. gadget Insurance
23 August 2018
Which Way To Pay
Making sure our loved Gadgets are covered by gadget Insurance is a must.
As we all know our health is one of the most important things in life . So we need to make sure we are fully covered with the correct Health Insurance.
30 August 2016
Which Way To Pay
Health Insurance is a very important thing that everybody should think about , this also means taking the correct cover for your personal requirements.
When it comes to being strapped for cash , and you need a quick cash flow . Owning your own car maybe the answer. Log Book Loans Are now very popular to help out in this situation.
08 August 2015
Which Way To Pay
Lending money can sometimes prove to be a difficult thing . Log Book loans have been introduced to help this .