What Are the Best Money-Transfer Online Services in 2021?


Ever since the first web-based transfer service first came online, entrepreneurs, digital artists, and a wide variety of other individuals have discovered that paying or getting paid through an online service can be faster and easier than using the services of a bank.

Now, there are dozens of services that are designed to help individuals send money (and sometimes invoices) or request payments and having the money deposited in an online account that has nothing to do with the banking system. Some of the better-integrated services of this type can even enable individuals to get paid and spend money without having to ever open a bank account.

This having been said, an entire market arose once the first few money-transfer apps came online. Now, companies are constantly looking to innovate and to offer more functionality to their users. So, which are the best money-transfer apps of 2021?


PayPal is one of the oldest and most successful money-transfer services around. It has proven its reliability countless times and it is integrated into a wide range of applications, platforms, e-commerce websites, and even devices. The service is extremely easy to use and is usually a great choice for individuals that are not accustomed to money-transfer platforms.

The main disadvantages with PayPal are the lack of customer protection, the somewhat large 3.7%+$0.30 transfer fee, and the long waiting period needed to withdraw money. In some cases, it can take up to 5 days for the money to reach the user’s bank account. Despite these issues, PayPal has been around for many years and it remains one of the best services of its kind.


TransferWise is one of the most affordable ways to send money across countries. Setting up an account only takes a few minutes and the platform even offers a debit card that can be used to access any one of the over 40 currencies that the service operates with.

The secret behind TransferWise’s money-transfer speed is the fact that the money never really gets send anywhere. When a user from country A sends money to another individual, in country B, he deposits the amount into a TransferWise account opened in country A. The platform then sends the same amount of money to the recipient, out of one of its accounts in country B. In other words, TransferWise has multi-currency accounts in all the countries that it is available.


Stripe is one of the most popular PayPal competitors. The platform is designed to cater more to the needs of businesses and entrepreneurs, than to those of regular individuals. As a result, it offers almost the same level of eCommerce integration as PayPal.

Unfortunately, the transaction fees are also similar to those offered by PayPal. This makes it a great alternative, but not necessarily a better service.


If Stripe is a popular PayPal alternative, then Payoneer is competing with TransferWise. The platform offers a debit card that is linked to the user’s account and works with a wide variety of ATMs, from all over the world.

One of the more interesting things to keep in mind about Payoneer is the fact that payments from other users of the platform are free, making it great for businesses and entrepreneurs.


Skrill is more than just another money-transfer platform. While it does offer a debit card, as well, it is one of the few services of this type that focuses mainly on cryptocurrency. Skrill allows users to create accounts for regular currency but also gives them the option of creating cryptocoin wallets.

From a functional point of view, Skrill offers a lot of integration with gambling platforms and online games that require real-world funds to play.

What Are the Best Money-Transfer Online Services in 2021?

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