Launched in January 2011, TransferWise is an online service for sending money across borders. It uses a pool of funds to pay out transfers via local bank transfer, making it much cheaper than traditional methods for sending money abroad and, as a result, has seen the company grow to a point where over $1 billion USD passes through their platform each month. They also offer a free smartphone application, available on both iOS and Android.

 

Sending and receiving money via TransferWise is almost as simple as sending an email. You simply select the amount you would like to send by either entering the quantity in your own currency or by choosing exactly how much the recipient receives in their currency, before putting in your card details and hitting send. You are told exactly how much it will cost before sending the money, as well as the estimated time of arrival into the recipient’s account.

 

The aspect of TransferWise that I like the most is the transparency of the platform. Unlike traditional international currency movement services that charge both a service fee and a hidden fee embedded in the exchange rate they offer you, with TransferWise you know exactly how it will be from the get-go. They use the current exchange rate, which is adjusted in line with the market, rather than the invented exchange rate of banks that is often significantly poorer.

 

Another helpful feature of the service is the email notifications that keep you updated on the status of your transfer. You can set alerts for the recipient too, so that they know exactly when they will receive their money.

 

A drawback to TransferWise is the time it takes to send money. A standard transfer can take up to three days to process.

Pros
  • Free smartphone app available to download
  • Transparent platform for sending money
  • Use market exchange rate
  • Email notifications keep users updated on status of transfer
Cons
  • Can take up to three days to receive money

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TravelSites.com is the go-to place online to find information on the best websites, smartphone apps, books, YouTube channels, and documentaries for travelers. Written with my years of experience trotting the globe. TravelSites.com gives budding young backpackers the chance to discover the top resources available for getting the most out of their trip, be it renting a car, learning the local dialect, finding a photographer, or even just knowing what the weather will be like for the week. I have researched the internet to bring you a list of the top items in each category, while every single one has been meticulously reviewed, highlighting unique features, comparison to similar products, and all the pros and cons.

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Well, I found that although there is naturally lots of information online concerning travel-related products and services, they seem to be scattered about, leaving the user to search for each item laboriously. If you wanted, for example, to discover an inspiring travel documentary while booking accommodation and flights to Rome, you would have to have at least three different tabs open at once. TravelSites.com puts all the information you need in one place, meaning you will not have to search far and wide to find out the best website for reserving a room in a hotel. With more than 40 different categories, travelers can stay on the same website to gather all the information they need, not only saving them time but also saving them money by reading through the reviews to find the cheapest option.

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My listings feature more than 40 different travel-related categories containing every resource a backpacker could ever need. Need help planning a trip? Want to keep up to date with the latest travel news? Looking for an inspiring book or blog? Desperate to find a restaurant away from the crowds? I’ve got you covered. My lists have been carefully put together by me and combined by quality, efficiency, value, and functionalism to rank the items in descending order, with number one considered the thing is offering the best of all four factors. The criteria were constant throughout each category, whether it was for a cruise booking website or an Instagram account, to bring travelers the resources that would be the most useful for travelers.

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Hmm, if you think that any best travel site is missing in my travel directory, I can be reached by 📧email, Skype, Facebook Messenger, Twitter, or Linkedin.