Understanding the difference: Popular money transfers to Ukraine
Before diving deeper into the main topic, let’s summarize what people know about the top methods of transferring money to Ukraine:
- IBAN — this acronym is used to define the account number in the international banking system. Since it is a one-of-a-kind identification set of digits that belong to a particular account owner only, it makes such transactions faster and more secure.
- SWIFT — if you are interested in something more than transfers for private purposes, it is a solid method to go for. This global financial messaging system (hence the abbreviation) helps governmental organizations, businesses, banking establishments, and other entities to finalize payments on an international scale.
- Card-to-card — undoubtedly, it is the least popular method to take into account with a rather straightforward type of performance. You simply transfer the target amount from point A to point B.
Is everything as smooth as it seems at first? Now is the time to find out the real difference between the aforementioned methods and what will work best for your online payments to a Ukrainian account. Onwards!
IBAN vs. SWIFT
These methods seem confusing for novice users. They are both important in maintaining payments from other countries flowing throughout the globe. Nevertheless, the data they express and the manner in which they are employed differ. In a nutshell, while a SWIFT number identifies the specific banking establishment and brand where the target account is housed, the alternative method focuses on the recipient accounts instead. In turn, it helps several customers find peace of mind and be sure the money they send will appear in the right hands in Ukraine.
Card-to-card money transfers with Profee
With the help of this company, you won’t face any difficulty trying to send the desired sum to the target account, registered in Ukraine. Profee is an excellent solution to test, and here are some reasons why:
- You don’t have to trouble yourself with finding your IBAN number or cover high transaction fees — it is a breeze in this case. First-time users don’t have to spend extra money at all. They just need to transfer the sum they want, and that’s it.
- You will be able to utilize special security and performance opportunities of third-party solutions you work with, be it Google Pay or Visa with its 3D Secure.
- There is no need to worry about exchange rates either. EUR-UAH, USD-UAH, and other currency pairs come at the best rates in the market.
- Last but not least, such transfers are instant. Save your time and money with such a reputable transfer service.
Final thoughts
To sum up, every method highlighted in the article comes with unique distinctive features, which may benefit your particular case. Your task is to consider your transfer needs and expectations and consider the solution that will work best for each and every scenario. As you can see, a bit of research helps you get acquainted with niche companies like Profee and take methods of transferring money to Ukraine to the next level.
