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TRAVEL TIPS: Reasons to Send Money Online
Nowadays everyone is aware that online shopping and internet banking are booming. As a consequence of these huge, rapidly expanding industries, people all over the world send money online in a never ending stream of transactions.
If you’re not already in the habit of sending money via the internet, you might want to seriously consider the benefits and jump on the band wagon.
Main reasons for sending money online:
1. Shopping – buying things
2. Internet banking – managing your own bank accounts and financial transactions
3. Paying bills
4. Sending money to charities, family, friends and/or other people
Let’s take a closer look at why each of these are more convenient, faster and easier to do online.
Amazon screen capture
Shopping
Millions of people worldwide agree that shopping online is much faster, easier and more convenient than shopping at stores. Think about it:
You don’t have to even leave your house to buy just about anything you want or need, assuming you have a computer and internet access at home or in the office. You can skip the entire traditional shopping routine: getting dressed and groomed, driving your car or taking public transportation to the stores, shifting through racks and racks of merchandise until you find what you want, standing in line at the register, handing over your cash, credit card or personal check (which you’ll have to be sure to have on hand), waiting for your stuff to be packed up and finally returning home. That whole procedure can take a major chunk of time and energy.
Instead, you can simply stay at your home or office, open your computer, access the internet, open your favorite shopping websites, click through the merchandise until you find what you want, pay by clicking through the website’s ‘check out’ system via your credit card, bank account or online bank account. This whole procedure can take as little as a few minutes… or up to several hours, if you really enjoy shopping and/or have many items to purchase.
If you’re buying digital products like eBooks, music, videos, movies or video games, you receive your merchandise instantaneously upon payment. You cannot get any faster or easier than that!
If you’re buying physical merchandise, you do have to wait for it to be delivered to your home or address of choice. That could take a few days to a few weeks. In this case, it’s a matter of perspective as to which is faster and more convenient- going to the store and carrying the products home with you that very day or staying at home to make the purchase online then wait for it to arrive.
In any case, nobody can deny the ease and convenience of staying at home and simply opening your computer to shop.
international currencies
Internet Banking
Internet Banking has even more benefits than online shopping. In addition to the ease, speed and convenience of going online, you also gain control over your bank accounts, win complete transparency from the banks, have the ability to do your banking any time of day or night and save a lot of money in banking fees.
No longer are people restricted to limited bank hours to check their account balances, make payments, transfer funds or other bank transactions. Want to transfer money at 11 pm? No problem. Just log into your online account and go at it. Transferring money online between personal accounts, especially between accounts in different countries, also saves a lot of money on traditional wiring fees.
Online banking offers a huge benefit to people traveling overseas, who can do all their banking from anywhere in the world. They no longer have to be in town where their bank account is located or even in their country. Without internet banking, travelers have much harder, longer, and more expensive bank procedures, if they can perform them at all from overseas.
Nowadays, just about every bank offers online banking services to its customers, including major banks in developing countries. Having customers use online banking to do perform their own transactions is just as beneficial to the banks as to the customers.
Internet banking means that a lot fewer customers visit banks in person, which means a lot less work for bank tellers, a lot less paperwork, and huge money savings for the banks on all traditional paper bank procedures like deposit and withdrawal slips, personal checks and sending monthly bank statements by mail. In fact, eliminating traditional paper transactions saves the banks so much money that they seriously encourage customers to switch to online banking by adding high fees to paper bank transactions.
US 100 dollar bill
Paying Bills
Receiving and paying bills online has the same benefits as online banking. You can check your various bills online anytime that’s convenient for you. Your payments are instantaneous and free. Even better, you can opt for automatic monthly payments so you don’t have to do anything except keep track of balancing your accounts.
No longer do you have to wait for paper bills to arrive in the mail, write out personal checks and visit the post office to mail the bills. Just open up your computer, log in to your accounts and pay (or use automatic payments).
Christmas
Sending money to charities, family, friends or other people
Got a daughter or son who needs money, maybe even in a hurry? Want to send money for Christmas, birthdays or other special events to family in distant locations? Just log into your online banking account and transfer money to their account. A few minutes later, they have the money. They can then access the funds with their ATM card, no matter where they are. You can’t get any faster or more convenient than that!
If your friend or family member is far away, without internet banking it would literally take a few days and a visit to your bank or Western Union office to arrange money to be sent. That’s infinitely more time consuming than sending money online.
Conclusions
I think it’s quite clear that sending money online is faster, easier, more convenient and often less expensive that doing traditional styles of shopping, banking, bill paying and sending money to loved ones. If you’re not yet part of this huge industry, you probably should get started.
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Hi! I'm Lash, an American nomadic world traveler who's been traveling solo since 1998. I’m passionate about traveling the world nomadically and then sharing it all with you. I hope to inspire you to travel the world, to entertain you with tales from the road, and to help you reach your travel dreams. Welcome! 
