Modern life gives us new reasons to embrace the future daily. Most things that usually take a lot of time, effort, and documentation are done these days from the comfort of your living room.
Technology has simplified making an international money transfer so that you don’t have to visit your bank to send money to any country. Numerous online platforms help people make and receive funds transfers from anywhere. All you have to do is register and initiate the fund’s transfer.
There’s nothing farfetched about these transactions. Sending money to Vietnam fast, depending on the platform you use. Some brands charge exorbitant transfer fees with other hidden fees, and some deliver the best service. Our article will provide you with the best platforms to use with other information on sending money to Vietnam.
What to Consider When Picking Your Money Transfer Service
The numerous online money transfer services in today’s market provide many options, but there’s no uniformity among these brands. They all offer different policies, transfer fees, and delivery times. Before choosing an online money service brand, consider some of these factors to help you make a perfect choice.
Bank Account Number and Requirements
Check the brand’s requirements regarding your bank account number and verification method. Reputable platforms should offer easy account opening requirements. Payoneer is a convenient option you can use. The site offers a hassle-free verification method and bank-linking features.
They will allow you to link up to three account numbers for withdrawing funds and numerous bank accounts for paying your recipients. Furthermore, they do not require much information to set up your account and verify it. Provide a valid means of identification with your mobile number and address.
Transfer Fees
The best thing about having several platforms to choose from is you don’t have to stick to any brand that charges exorbitant online money transfers. Numerous other brands will offer the services to you at a low cost. But that does not translate to sticking to the first cheapest option you come across. There might be more to the picture than meets the eye.
Transfer Methods and Delivery Time
When sending money to Vietnam, do not exclude checking the brand’s transfer method and delivery time. Choosing a brand with a steep transfer process won’t do if you’re in a hurry to send money to someone. It simply translates to your transaction getting delayed.
Note that transfers take a few days, majorly two to three days, to complete. Therefore, check for credible brands that allow you to make large transfers without going premium when sending money to Vietnam. Consider platforms like Payoneer or Wise that allow wire transfers, credit card payments, and more.
Exchange Rates
It’s important to check the exchange rate brands offer for sending money to Vietnam online before deciding on a platform. This ensures you get the best services from great brands without crippling your bank account. Rates are subject to change for economic reasons. So, if a brand’s exchange rates seem higher than usual, discard the brand and check for other brands that offer a great deal.
How to Do a Money Transfer to a Vietnam Bank Account
Here are two ways to transfer money to Vietnam:
- Transfer Money Using Online Platforms
- Bank Transfers
Transfer Money Using Online Platforms
Transfer Money Using Online PlatformsOnline money services have slowly replaced the traditional means of money transfer. For one, transferring money online is faster, and you don’t have to queue to be attended to. Due to the number of platforms with unfair policies, hidden charges, and untrusted delivery time, it’s best to stick to a trusted platform like Payoneer. With Payoneer, you can transfer money to Vietnam within three days, and their charges are friendly, making it an ideal package.
How Does Payoneer Work?
Payoneer is a standard platform recognized internationally as a leading platform for sending and receiving money transfers. You can get paid internationally from over 200 countries and 150 currencies with Payoneer.
With many years in the money transfer industry, Payoneer has a great track record, and many users trust them. The platform has different payment methods like e-wallets, bank transfers, and prepaid MasterCard for international transactions. Therefore, if you are looking to send money to your clients or family in Vietnam, Payoneer is your ideal choice.
Payoneer Features
Payoneer offers low-cost and secure online money transfers to Vietnam. You won’t lose sleep over the safety of your money. They have security measures to protect individuals’ data and funds from fraudulent activities. They usually send login codes to your mobile number for extra security.
Pros
- Supports over 150 currencies in 200 countries
- You can track payments and transaction history
- Quick funds transfer
- Withdrawal of funds directly from a debit card
- Free registration
Cons
- There's no physical cash pick-up location
How to Use Payoneer to Send Money Online to Vietnam
Before using the brand’s services, you must register and complete the verification process.
Fortunately, the process is streamlined and will request a few personal details such as name, email, and date of birth. You will also have to verify your identity. To make payments to Vietnam, go to the “pay” section and click “make a Payment” to proceed.
The next section will ask for the transfer details of the recipient. Fill in their information correctly and click the “Pay” tab to finalize the process and send money to the recipient’s mobile wallets.
Bank Drafts or Cashier’s Checks
Purchasing a bank draft is available at various bank outlets, and you can use it to send money to Vietnam. The bank transfer draft allows customers to make large payments without withdrawing cash from their accounts. The downside is the delivery time might leave much to desire. But it does work. It’s a safe payment choice; the bank can trace the drafts or checks if they don’t get to the recipient at the appointed time.
Other Alternatives for Sending Funds to Vietnam
You can send money to Vietnam via money orders, physical cash, Western Union, and various online money transfers like PayPal, Wise, and Stripe. All these alternatives work. However, there are all independent organizations with different operating methods.
So you might experience different policies, charges, and delivery times. Choose Payoneer for its fast, secure, and affordable money transfer service to save time. To top it all, you can withdraw the funds in Vietnamese dong, which saves you more time.
Why Is It Better to Use Payoneer?
Payoneer to Payoneer fund transfers are free, but they charge 3% via credit card, 2% to another bank account, and 1% via ACH. To sweeten the deal, you don’t need fancy gadgets to utilize their service.
All you need is a mobile phone or pc with internet access to send money to Vietnam with a few taps. Also, anyone can use the platform even if they don’t use Payoneer. They will allow you to send money or request payments from the brands they patronize, a wonderful feature that aids the brand to stand out.
Conclusion: How to Send Money to Vietnam
It’s a lot easier to transfer money internationally than most people realize. You don’t need to visit the bank and queue to send money. Platforms like Payoneer offer the fastest way to aid you in delivering funds to your loved ones.
You can make a bank transfer to the recipient’s bank account or debit card and enjoy several payout options like global and local wallets, checks, global bank transfers, etc. Additionally, you can get paid by international clients, pay your suppliers, and invest in your company by using this all-in-one account.
The best part is that you do not have to go through a lengthy process to send the money. All you have to do is to visit Payoneer’s website, open an account and send money to Vietnam.
For more info on money transfers, go to our ecom content hub.
Paul Martinez is the founder of EcomSidekick.com. He is an expert in the areas of finance, real estate, eCommerce, traffic and conversion.
Join him on EcomSidekick.com to learn how to improve your financial life and excel in these areas. Before starting this media site, Paul built from scratch and managed two multi-million dollar companies. One in the real estate sector and one in the eCommerce sector.