Send money online - comparison of providers

In this practical tip, we present three providers that you can use to send money online.

Online money transfer with PayPal

Fees: The account management with PayPal is free of charge as a private user. Payment is also free of charge for the broadcaster, provided the transfer is made in euros. When receiving a payment, there are fees of 1.9 percent plus 35 cents. The percentage fee is reduced for traders and fundraisers. Transactions in and with other currencies usually cost extra.
Security: PayPal is a well-known company that keeps your data under lock and key and only discloses it to a small extent during transactions. Buyer protection also protects you from fraudsters. You can find more information in the practical tip "How secure is PayPal?".
Availability: With PayPal you can pay in numerous online shops as well as in selected shops via your smartphone. You do not receive your own credit card for withdrawing money from ATMs. More information can be found on the PayPal website.

Fees: A Yapital account is free. When charging by Visa credit card or MasterCard, fees of 2.0 percent apply. Charges cost between 10 and 25 euros, a payment costs 25 cents. The exchange into other currencies takes place according to current exchange rates.
Security: Yapital is licensed in Luxembourg and meets high security standards. So far there is no information about security problems with the online service provider.
Availability: With a loaded account, you can pay online as well as via app in selected shops and stores such as petrol stations. You will also receive a free Yapital Mastercard, which is valid like an ordinary Mastercard. More information can be found on the Yapital website.

Fees: Account creation and management at Neteller is free of charge. The deposit fees vary greatly depending on the method. For example, transfers from merchant websites are free of charge, while a fee of 9.9 percent is charged for Paysafecard deposits. The transfer to a bank account costs 7.50 euros. As you advance in the VIP program, general and exchange rate fees decrease.
Security: Neteller guarantees 100 percent security for the availability of the money and is one of the safest eWallets on the market.
Availability: With Neteller you can pay in numerous online shops. Since you can apply for a credit card if you wish, you can also withdraw cash, but this involves additional fees. You can also use your credit card to pay in numerous shops. More information can be found on the official website.

In the next practical tip, we will introduce you to the best providers with whom you can open an account online.