25 Jul 2024
Over 200,000 Indians are living in Italy to work, according to a report by the Ministry of External Affairs, Government of India. They send money to India from Italy because this is precisely what they have gone to Italy for – to offer financial support.
But have you ever thought about why you should carefully choose a remittance transfer service provider?
Yes.
All the points you gather to answer the question are excellent and correct.
But then there are certain compromises you have to make for a transaction you want to initiate.
Wait. Don’t just build a construction based on what is stated above.
This blog introduces you to ACE Money Transfer from the first steps of initiating a transaction and shows you how to send money online without compromise.
Do you know what, at times, stops you from stepping ahead and doing something that can offer you benefits?
Yes.
It is the safety and security concerns.
But is that it?
What if you were to undergo a long and tedious process to do something that offers you benefits? Would you still do it?
For example, you want to initiate an online money transfer with a service provider whose services are excellent, but the process is long and complicated. What would you do?
Well, chances are… You will step back and instead try finding a service provider that may offer you fewer benefits but whose process is easy, simple and comprises fewer steps.
Considering this, ACE Money Transfer makes initiating a transaction to send money online to India from Italy as simple as the following.
The first step is to open ACE Money Transfer’s mobile app, considering you have already installed it on your smartphone.
Yes, yes... This app is available for both Apple and Android users.
Why is an iPhone or an Android Phone not mentioned? Did this question not occur to you?
It did. Great!
Well, what if you are using a tablet for this purpose?
After you log into the app, you arrive at its dashboard, which offers many options in different areas.
For example, you can visit the tutorials to fully understand the app and all its operational features.
The next step is to find the ‘Send Money’ button on the dashboard. Once you find it, tap it to proceed to the next stage.
Remember that the app keeps evolving. So, do not get confused if you find this button at the app’s bottom today and somewhere upwards tomorrow!
No, no. It is just an example. Such changes only take place occasionally. But take place they do as change, after all, is the only constant. No?
Now comes the next step, which is to select the destination country.
Here is where ACE Money Transfer stands distinct in the online money transfer.
Yes. A brief explanation is offered here.
However, the list of countries where the firm is operationally present is given. But if you want to select a country that is not listed, you can place a request, which will be honored as soon as possible.
For example, you want to send money to India but need help finding India listed on the app. You can request the firm to add India, and there you are!
Start offering financial support to your family with the firm for every money transfer from Italy to India.
Now, you are at a point where you have to carefully select a payout option that is not only easy for you to send funds but also for the recipient. Here, too, the firm offers you the convenience of choosing from an extended range of available options.
Now comes the step where you have to select the right payout location.
This is again a feather in the app’s cap, as the firm has a wide operational presence rooted in liaisons with innumerable financial institutions worldwide.
Therefore, you will have to glance over a long list of options to choose from.
Now comes the sensitive part of the transaction.
Now you have to add the amount that you want to send.
Given the margin of human error in amount addition, the app offers preset amounts that you usually prefer to send and choose from, so you do not have to add the amount manually.
When you select the amount, the suitable exchange rates will appear.
You can either proceed with the transaction if you are satisfied with the rates or request to get the current rates.
To fully appreciate this app feature, you must understand the role of currency exchange rates in international money transfers.
Now select the recipient and fill in their credentials.
Given that most of the time, the recipient is someone whose details you have already saved on your phone, like your siblings and parents, the app will fill in the credentials automatically.
Ahhh… Your concern about making mistakes while filling in the credentials is allayed once and for all.
Now comes the confirmation of the recipient's bank details.
Most people use bank accounts for financial operations, particularly those whose family members are working abroad.
So, you will have to add the bank details, but only if this option is applicable.
Now comes the stage where you have to select the correct payment method.
Do you want to make payments through cards, wallets or bank accounts?
You will have to answer this question with utmost care as the app offers several options.
So, choose the one that corresponds to your needs seamlessly.
Although the app does over 90% of the work for you, can you rule out the margin of human error altogether?
True. You cannot.
Therefore, go back on every step, check every point with care and cut T’s and dot I’s where needed.
Once you have checked all the details, you can proceed with the transaction.
On the dashboard, you will find the button saying ACEIT. Hit it, and well… Done!
Inform the recipient that the funds are coming and tell them to prepare to receive them quickly.
Yes, you are right, at least until made to understand otherwise, that the steps are too many.
But then, look closely, and you will realize that these steps will save you from trouble after initiating the transaction. You will face this with other service providers offering you fewer steps to send money.
With ACE Money Transfer, you can make an online money transfer from Italy to India in just a few steps, as explained above.
The best part, however, is the speed, safety, and broader service availability in over 100 countries worldwide.
Another feather in the cap of the firm is the fee.
You must pay a small fee, only a tiny percentage of the amount sent. But do you know that the fee applies only if the amount you send reaches a certain threshold?
You will likely transfer funds back home to India if your amount remains below that level.
Where from, you wonder?
From just one stop!
You should consider several factors while sending money online. Some of the critically important factors include fees, currency exchange rates, speed of the transaction, safety parameters, and the convenience of accessing the service provider.
Indians work in developed countries like Italy because the country's burgeoning population makes it difficult for governments to provide for them. This leads to unemployment and poverty. Therefore, they travel abroad to find opportunities to work and earn a living.
Some of the main challenges in online money transfers are the high service charges or fees, the currency exchange rates, the fee that is applied when one currency is converted into another, the safety of the transactions, and the protection from online scams.
You can easily decide about the best online remittance service provider if you a) draw deep comparisons between the service features of different service providers and b) check the customer reviews by visiting the official platforms of the shortlisted service providers.
ACE Money Transfer makes sending money online easy and convenient by decreasing the steps involved in initiating, processing, and completing the transactions. The firm also offers competitive exchange rates and charges a low fee for safety and speed, among other things.
