This is a hat tip to my friend Mike who just wrote a great blog post about different alternatives for sending money online. Here are the online services he mentions, some I use while others I have not even heard of:
|Paypal||5/5||3/5||Average fees, Almost everyone has an account|
|Amazon||4/5||3/5||Free till end of September, same fees as Paypal after that|
|Obopay||3/5||5/5||Lowest fees of all, not many have an account|
|MoneyGram||3/5||1/5||Highest fees of all, worldwide reach to many countries|
|Xoom||3/5||4/5||Fees lower than MoneyGram, limited countries|
Paypal is the winner for occasional payments. If you send money to mostly the same people then you should consider Obopay because of the low fees. International transfers - give Xoom a try and only use MoneyGram if Xoom doesn’t send money to the country you need.
Source: What is the best way to send money online? (at Buxr Blog)