Moneytis might be the most secure solution on the market; here’s why.
As the CTO of Moneytis it’s been some time that I want to write this article. It answers the very first question everyone should have when sending money abroad.
A little bit of background. Moneytis is the cheapest solution when it comes to sending money between 2 countries. When you send your money, Moneytis connects to the top money transfer services and transfers your money using the cheapest available provider.
All of this sounds promising, but how can we be sure that the money arrives safely?
There are a number of things to watch out for, all of which can give you peace of mind that you’re using a legitimate and trustworthy MTO (money transfer operator). When you select your money transfer service, ideally you want to verify 5 things:
-Verify that they are legitimate and regulated by a government agency;
-Verify that they have a customer support service that can respond quickly if anything untoward happens;
-Verify the online reviews and articles about the company written by past customers;
-Verify that they can send money between your countries for this specific amount
-Verify whether the price (including exchange rate fees) is competitive.
A good practice is also to start by only sending a small amount, before sending the full amount later, once you’re happy with the service provided, though this is something you can’t do if you are in a hurry.
So that’s it; in a perfect world, you would carry out all of these actions every time you wanted to make a money transfer. However, Moneytis appreciates that this could all become very time-consuming. That’s why the Moneytis platform takes this hassle away, by verifying the 5 points above, and then scoring, ranking and displaying the best services on a single page.
What’s more, when you choose to transfer with Moneytis, there is an extra guarantee to protect your money in the event of something going wrong. If anything happens to the financial institution you choose to take care of your transfer, Moneytis will reimburse the money lost.
When you take into account the convenience offered by the Moneytis service performing all of the analysis for you, the money guarantee, and the fact that the platform doesn’t even interact with your money, then essentially you’re getting an extra layer of security and peace of mind, without any additional risk.