Story: Look for a product in China & India
On September 14th, 2020, I tried to buy a supplement from Japan. I bought it for 2 times in the past. I cannot believe it, but their website cannot access from abroad. It’s blocked. Therefore, I sent an email to a support center which I contacted it 2 years ago. I’m in Canada. Therefore, I use a transfer service, from Japan to Canada. At first, I send a product to Tokyo. Then, the product is shipped to Canada. This time, the company required an address and phone number in Japan, but I don’t have both.
Their requirement makes me upset and I decide to buy a supplement from a supplier directly. A supplement is made in India and I found a supplier on Indiamart. In early this year, I researched for dropshipping. I learned how to evaluate a trusty supplier. Indiamart looks like Alibaba in India, a BtoB site. I asked for a minimum order and I chose a supplier.
What’s next? What I have to do is sending money to a supplier. Therefore, I researched the way of sending money abroad. I thought I can find it. Because so many Indian and Chinese live in Canada.
I found a supplement here by chance.
This is the international website of Alibaba.
Aliexpress is used for a dropshipping business. Because of relatively a minimum order amount. Aribaba.com requires purchase bulk of items. It’s not for entry revel.
1688.com is officially for Chinese domestic trade, but I think there is a way to buy a product from Canada. I cannot read this as same as you. Please use translate on Google Chrome.
How To Send Money From Canada To Other Countries
©Marcus Stone
A very short video about TransferWise. The Indian supplier mentions TransferWise and WorldRemit. Therefore, I am searching which is the best way(or standard) to send money to India
Send Money from Canada to China/India Fast & Easy
©Vikram On Prudent Finances
The video explains about WorldRemit. The Indian supplier also mentions WorldRemit. At this point, I had no idea I can trust both platforms, TransferWise and WorldRemit. I could find both instructions on YouTube. This means TransferWise and WorldRemit are not fake, I thought. In this care, a consumer will compare which service is a low cost, TransferWise and WorldRemit.
*To china, we can send money from a personal account only, not a business account.
Best ways to Send money from India to Canada & CAD to INR
TransferWise
TransferWise is a London-based online money transfer service founded in January 2011 by Estonians Kristo Käärmann and Taavet Hinrikus. – Wikipedia
TransferWise layouts conversion table on the top. In the second section, TransferWise shows the actual exchange rate on that day/time. When I change the recipient country, the chart and header are automatically changed. Very user-centered website, UX design. I already trust TransferWise by this experience.
Simply compare the fee between TransferWise and WorldRemit, WorldRemit is cheaper than TransferWise. If so, I am wondering why people choose TransferWise. For this kind of service, free(or the cheapest) makes consumers nervous as consumer psychology. If the two companies in front of us didn’t have a big difference in cost, I may choose TransferWise.
*TrustPilot score 4.6 out of 5, from 94,713 reviews
WorldRemit
WorldRemit is an online money transfer business that provides international money transfer services in more than 50 countries. It was founded in 2010 by Ismail Ahmed, Catherine Wines, and Richard Igoe. As of 2018, WorldRemit had around 3 million users. Its primary competitors include Remitly and TransferWise. – Wikipedia
Wikipedia mentions competitors, Remitly and TransferWise. These may be the top 3 in this service. I need to think about only 2 companies, TransferWise and WorldRemit. TransferWise website is better than WorldRemit, but WorldRemit is cheaper than TransferWise.
*TrustPilot score 4.4 out of 5, from 42,067 reviews
Conclusion: TransferWise or WorldRemit
According to research, I can say both services are not phishing. I did know only PayPal. TransferWise and WorldRemit look like cheaper than PayPal. I am going to use TransferWise for this purchase.
I am curious about how Bitcoin works in the future. Blockchain technology will be used in many industries, but what are the benefits of Bitcoin. I can send money abroad with the current service.
I made an account. I needed a transit number, institution number and account number. It’s not a card number. I didn’t know that. Who does have/use a check these days?
TD Bank: How do I find my transit number, institution number and account number?
