When you send money overseas, what are you looking for in a payment company? Quick turnarounds? Low fees and great exchange rates? A safe place that ensures your money gets where it is going? What if I told you that there is a great website that will do all three for you? The service is called TransferWise, and it is everything you probably ever wanted in an international money transfer company.
So what is TransferWise?
TransferWise is one of those companies that never could have existed before the internet. As many of you remember, sending money internationally before the world wide web existed was a minefield. You had no choice but to use banks or Western Union, and you had to choose between high fees and abysmal exchange rates. But the internet has changed all this for the better; you can now send money cheap and easy from the comfort of your own home.
TransferWise is an amazing service that exchanges money between users. It’s what makes TransferWise cheaper and more innovative than almost anything else on the market. How it works is simple. They take a client who has Currency A and wants Currency B. They find a matching client who wants to exchange his Currency B for Currency A. Then, for a small fee, TransferWise allows those two users to exchange money. Pretty amazing, right? What an insanely simple yet completely game-changing idea! I can also recommend you reading the following TransferWise review article if you want to get deeper understanding about how the system works.
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Halewood International Foreign Exchange Limited, more commonly known as HiFX, is one of the pioneers in P2P money transfer business. They are quite well-known around the world for their amazing customer service that they have been providing for the last 20 years. HiFX was founded by Shaun Taylor, Matthew Knowles, and Laurence Butcher in 1998. Their primary focus is offering a cheaper and more reliable means of international fund transfers. Their services has reached more than 170 countries, and they can make transactions in over 142 currencies. Just a few years ago, they merged with the prestigious Euronet Group. Apart from personal money transfers, they also serve many businesses and their unique needs. Just by looking at their score of 9.4/10 on Trustpilot, we can easily see that they provide amazing service to their customers. Here I will review HiFX, their services, and I will give you a better understanding of each aspect of the company.
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Bulgaria became a part of EU countries in 2007 which made it more accessible to other EU countries and to the world too. Sending money to Bulgaria is now very convenient. Almost all major online and offline money transfer services can transfer your money there. But different services will charge you differently and may deliver different amounts to the recipient. It is because of the different fees and exchange rates offered by these service providers. The speed of their delivery also differs. I took out three major companies who have been doing an excellent job of fund transfers from years and compared their results. I reviewed the services of TransferGo, Worldremit and MoneyGram and their results on sending money to Bulgaria. Here are my findings on this small exercise that will help you find the best option for your future needs.
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Greek and Bulgaria share a common heritage which plays a role of a solid foundation of the diplomatic relations between the two countries. Both countries were once under the Turkish Ottoman Empire for almost five centuries in the early 15th century. Despite having a rough and turbulent history, they have transformed their relations to a great extent from last several years. In the decades of 1970 and 1980, they took major steps forward to work hard on their diplomatic relations as neighboring countries. The friendship seems to be deepening and now evolving even more as both of the countries are a member of EU countries and NATO. Greece is also supporting the inclusion of Bulgaria into the Schengen Area. The two countries are working on strengthening new economic and political ties amongst each other and are in noticeably good relations.
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Planning to visit Bulgaria? Be it a business trip or a holiday, there are a few things you should know before flying out. Every country has a specific set of requirements for visas and passports for the residents of different countries. Since Bulgaria is now a part of EU, the visa and passport rules are a bit easier for other nationals of EU countries than those from outside the EU. Here are the requirements for visas and passports for individuals traveling to Bulgaria.
No visa is required for the citizens of EU countries for the stay of 90 days or less. If their stay exceeds 90 days, they will need to get a special permission from the local police by registering with them. Countries like the UK, USA, Australia, New Zealand, and Canada can also visit Bulgaria for 90 days without a visa. All other visitors need to have a visa before they start their trip to Bulgaria. To get your visa issued, you will need to apply to the Bulgarian embassy and provide the required documents and proof of identity. The following are some of the required documents which you may need to submit to get a visa:
- Completed application for.
- Passport: Valid till 6 months ahead of the date of travel.
- Return ticket or ticket to the next destination from Bulgaria or 300 Euros to pay for the arrangements to leave Bulgaria.
- Proof of sufficient funds: The visitor must be carrying an amount equivalent to at least 100 Euros per day of his/her visit.
- To acquire a visa for a business trip you need to submit a letter from your company.
- For a private trip, you will be required to produce a letter of invitation from a Bulgarian citizen.
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