Compare money transfers to Bolivia

The best services to transfer money to Bolivia

The available cash remittance services in Bolivia include;

• Cash pickup providers like MoneyGram and Western Union.
• Paypal, an international cash remittance service operating across the globe.
• Debit and credit cards
• Checks and money orders

How to send money to Bolivia?

The first thing to consider is that the Bolivia national currency is considered an exotic one, so not many cash remittance providers are willing to handle it. There's no need to worry; all the above listed money transfer providers accept their currency, and local pickup points allow your recipient to collect cash in form of the local currency. The same goes for cash pickup providers, which allow your recipients to collect money at their local agents. With this in mind, sending cash to family, friends or employees in the middle east country is simple and hassle free.

If you choose a provider with a cash pick up location, all you need is to sign up for an account, submit your ID, name and address, furnish them with the names and address of your recipient and submit the money you wish to remit. Once the right process has been followed, the money should reach your recipient in hours. You'll need to load up your mobile wallet at your nearest agent before sending the cash directly to your recipient's phone. When withdrawing the money, your recipient needs to show their ID.

For cheques and money orders, the process is even simpler; just jot down the check or money order and mail it to your recipient. The only catch to this method is that the check must be delivered to a local bank for processing, a process that takes two to three business days, depending on the bank you use.

Which service should you use to send money to Bolivia?

You've got money to send, but you do not know which money transfer service to use?

Well, you'll need to check and compare the available services to get the one that fits.

Is it an emergency cash transfer?

Cash pick up locations are best suited for emergencies. However, given the situation in Bolivia, not all pick up points are safe. When sending money, it's a good thing to research about the peace situation in some of the small towns. Once you send the cash, your recipient can pick it up at their nearest agent in a matter of minutes. When you don't have access to the above, Paypal sorts you out in a matter of minutes, provided your recipient has registered for a Paypal account.

How much does it cost to send money to Bolivia?

Cash remittance fees and the forex rate constitute the bulk of the cost of transferring money. That's why it's good to compare rates before selecting any remittance service. Cash pick up providers and agents are usually the fastest, but most expensive, while a check will be the slowest. Paypal is instant, but they also attract a relatively higher fee for large amounts, compared to online methods.

All in all, the amount you pay for cash transfer will depend on the following factors;

1. The exchange rate; online services offer the best forex rates compared to banks and cash pick up providers
2. Cash remittance fee; some services offer a flat rate for all transactions while others charge a percentage of the amount to be sent.
3. Method used; cash pick up is more expensive than Paypal.
4. Amount to be transferred; sometimes, sending more is cheap.

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