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Money transfer services - comparison chart |
Service Name
| Funding options
| Recieving options | Fees paid by | Comments
| Cost rating (1-5)
| Overall rating (1-5)
| | iKobo | Visa, Mastercard, US bank account | Any Visa ATM worldwide
| Sender, Receiver (ATM fee)
| One time shipment of ATM card is required | 4
| 4.5
| Xoom
| Credit cards, PayPal, US bank account | Home delivery, local partners, direct deposit | Sender | Cheapest way to transfer money if using US bank
| 4.5 | 4.5 | | PayPal | Credit card, US bank account
| PayPal account (withdraw available) | Receiver
| Best for Merchants, accepting credit cards online | 4 | 4 | Western Union
| Cash, Credit card for US sender
| Local branches, Home delivery (only for checks) | Sender | 50,000 pickup locations in India, high fees. | 3
| 3.5 | | MoneyGram | Cash, Credit Card for US sender | Local branches
| Sender
| Less pickup locations than Western Union
| 3.5
| 3.5 | Bank Wire
| Bank account funds
| Local bank account
| Sender, sometimes also receiver
| Correspondent bank can charge extra fee | 2.5 | 3.5
| Bank Check
| Bank account funds
| Local bank account
| Sender, receiver | Up to 60 days before clearing the check
| 3
| 2.5 |
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