Can Sending Money Online Be Less Of A Headache?

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    Apr 22, 2014
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Can Sending Money Online Be Less Of A Headache? Photo by Emily Taylor

Picture this: you’re working on a project with someone on the other side of the world. You can communicate, draw and share designs with each other, write up a business plan and come up with a budget for the project, all seamlessly and instantly no matter where you may be. Then you hit a snag when the funding comes in and you need to divide the funds according to your agreed-upon budgetary requirements. You never thought that in this day and age, sending money online would be easier.
Why exactly does it seem so hard to figure out how to transfer funds online? It seems to be the only thing that the internet is incapable of doing quickly and efficiently. There doesn’t seem to be any reason for the delays but maybe there really is a good reason why there are such strict rules.
The reason why there are so many different ways to send money, and why none of them are perfect, is because the world is a big and dangerous place. Here are two important reasons:
- Theft: The internet is a wonderful place offering almost infinite possibilities for everyone all around the world. The flip-side of this is that it also offers almost infinite possibilities for thieves. Wherever there is money, there are thieves, and the amount of money that moves across the internet is truly unimaginable. When a money transfer is intercepted by a thief, it’s usually the organization that is hosting the transfer that has to pay for it – not the sender and not the recipient. The reason why these organizations make online money transactions challenging is to keep thieves out of the system.
- Regulations: The same goes for governments. These organizations all have their own preferred way of dealing with thieves, but often the governments of the world have even more stringent regulations. Depending on where you are and where you’re transferring money, the government might make it extremely arduous for you, or anyone else, to do so.
So you can see, the reason that sending money online can seem demanding is really just to keep your transactions safe – so if you want an easy way to transfer money, then be careful what you wish for. It’s better to be safe than sorry when sending money online.

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The good news is that times are changing! Some organizations are making sending money online a truly global thing. It may not be much longer before business can operate in a world without borders.

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