4 Important things to know when you send money to Nepal

Remittance

2019-09-06

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Picking an online money transfer service should be an easy determination. There are a few things that you'll need to think about first before you transfer. Here is some key points to consider before you send money to Nepal online with Epay.

If you're new to making an online money transfer to Nepal, it's important to understand that every online money transfer company will have some sort of registration followed by online verification. 

You will save a lot of time, ultimately making the process much quicker if you have all the necessary information about yourself and your recipients ready before you start. By having the documents ready before you start you'll quickly finish the registration process and have all the information needed to load a recipient. 

Registration

With EPAY, the registration process is as simple as possible: a valid email account could go through the registration. Upon verification, you need to verify your account.

Online verification

Any reputable online money transfer company will have a robust verification process. If you're new to a money transfer service, upon registration, you'll find that you need to provide your personal information so that you can be verified. It's due to Anti Money Laundering obligations which in layman's terms, this means that a company is checking that you're a respectable citizen with good intentions.

The verification process is called 'KYC ', which is The process of knowing your customer, otherwise referred to as KYC, is what businesses do in order to verify the identity of their clients either before or during the time that they start doing business with them. The term KYC can also reference the regulated bank practices that are similarly used to verify clients’ identities. The verification of sending money by Epay will require you to:

1) Take a clear photo of your ID card or passport

2) An official document that states your name and address, like water bill, credit card order.

 

Sending money  process needed document

After a simple verification, you could send money to Nepal with an excel form as simple as banking.

1) The recipient’s bank info: includes the name, account number, address, and swift code.

2) The recipient's Info: Account Holder Name, Address, Email, Passport.

Now that you have this information, you're ready to send money to Nepal!

 

Hidden costs

Within an international money transfer, there are hidden costs that are easily spotted with a keen eye. But no matter how the rate varies, the only thing you should concern is how much money the recipient gets and compare other competitor transfer services.

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This guy is too indolent to make a signature...