Types of translation and what is their use

Today, no financial system can do without transactions between accounts or firms. So now we will analyze what types of remittances exist today. According to various sources, in Russia there are about nine largest organizations that deal with such financial transactions.

The scientific definition of remittances is as follows: it is the remote transfer of material assets from one person or firm to another. In Russia, the directions of work without opening a bank account became more popular. International transfers in this case may cause some difficulties on the part of the recipient in another country. In this chain, as a rule, the system or bank is not only a delivery service, but, as a rule, a guarantor of the safety of the entire amount, for which, of course, its commission is taken.

It is necessary to identify the main types of translation:

1) through payment systems ;

2) with the opening of a bank account ;

3) without opening an account.

It is important to know that the document confirming the right of the transaction is called a payment order. It contains an instruction on how much and to whom to transfer.

If it is a legal entity or an IP, the basis for payment can be both the work done and the payment for the goods. Types of transfer with payment orders are also divided into categories depending on the time frame. These can be deferred, early or urgent payments.

The most popular types of translation are now implemented through payment systems. Only in Russia there are nine of them. And every couple of years, several more companies are entering the market. The demand for this kind is primarily due to the fact that transfers in such systems are carried out between individuals without opening a bank account, which saves not only money but also time. To send money it is enough only to know the name of the recipient and to come up with a code on your own so that only a knowledgeable person can receive funds.

Today, due to the wide range of services, many customers have a question: "What types of translation are better?". There is no universal answer to this question, and the solution depends only on the concrete situation, taking into account all the circumstances. If this is related to your business, it is better to open an account with the bank, if it is a single payment, then, of course, payment systems.

Since the banks engaged in such activities are almost 99%, let's talk about leaders among the systems of translation:

1) Western Union is the main and most popular international system. It was founded in 1851 and today has more than 400,000 service points around the world. It is famous among customers for its flexible tariff policy.

2) Money transfers "Golden Crown" is a dynamically developing company that has already won a large number of clients for a short period of time.

3) Transfers via the Contact system. The system performs its activities mainly in the CIS countries, but recently new countries have also started to win. Now there are more than 40,000 service points in almost 100 countries around the world.

As can be seen from all of the above, the types of money transfer vary greatly depending on the situation and your goals. In any case, before going to the nearest point of departure, study all tariff rates, because even a small percentage difference can seriously affect the amount of your finances.