International money transfers provide a convenient way to send funds abroad, but they can also be a target for scammers. In this article, we will look at the main risks of fraud in international transfers and give tips on protecting your money.
1. Keep in touch with reliable providers
Choosing a reliable provider for international transfers is the first step to protecting your money. Decide on a company that has a good reputation, such as VelurePay. Make sure you are using the provider’s official website or app to avoid phishing scams.
2. Be careful of fake requests
Fraudsters may pose as your friends or relatives, ask for an urgent money transfer, and use social engineering. Always confirm such requests through a different communication channel than the message asking you to send money.
3. Check recipient information and transfer details
Before sending money, make sure that you have entered the recipient’s information and transfer details correctly. Even the slightest mistake can lead to loss of funds. Also, be attentive to the currency exchange rate and provider fees.
4. Use two-factor authentication (2FA)
Many providers provide the option to enable 2FA for your account. This is an additional layer of security that requires you to enter a unique code when logging in or making a transfer. Enable this feature to protect your account.
5. Monitor your account activity
Check your account transaction history regularly. If you notice any suspicious transactions, contact the provider immediately and request an investigation.
How to quickly send an international money transfer online?
The speed of sending an international transfer also plays an important role in preventing fraud. The longer money is in transit, the higher the risk of losing it. Therefore, choose a provider that provides fast international money transfers. This will help reduce the period during which your funds may remain vulnerable to fraud.
Receive international money transfer online safely
Receiving an international money transfer online also requires attention to detail. Make sure you use the correct bank details and recipient information. Avoid transmitting sensitive data over untrusted communication channels such as public Wi-Fi networks to prevent scammers from accessing your data.
Protecting your money during international transfers is an important link in ensuring financial security. By following these tips and choosing reliable services, you can send money abroad, minimizing the risks of fraud and ensuring the safety of your funds.