Venezuela is located on the North coast of South America, near Columbia, Guyana and Brazil. It has the privilege of being on the coast of the Caribbean Sea and the Atlantic Ocean. Its population exceeds 30 million people, making it the 40th largest country in the world. However, a steady stream of citizens continue to consider if it is the best place for their future.
A large proportion of Venezuelans receive money from their relatives abroad on a weekly or monthly. Many of those who send money in Venezuela are in America. There are about 180,000 people with Venezuelan ancestry directly in United States.
Venezuela’s expatriate community worldwide, especially in America is highly respected. They are known for their high levels of education and commercial successes. Many Venezuelans as young adults to America to attend University. It takes an intense effort in high school, only to be accepted at an American University, as Venezuelan schools are no longer respected in South America.
As well as those who migrated to America to educational opportunities, increasing numbers have come for political reasons. While in the United States certainly have the political demons, the aversion to the current regime in Venezuela and their strict policies is a source polarizes for many.
Options for sending money to Venezuela vary, but of late, taking advantage of the ability to send money online has been appealing to the intellectual community.
In the past Venezuelans used money transfer services. With these services, sender and receiver had to report to a third party location to complete the money transfer. Recipients have become more weary of these establishments as it makes the process devoid of privacy.
Due to the business acumen and success for Venezuelans in America, most of them hold and manage U.S. banks accounts for the proper maintenance of their funds. The easiest way for them to send money to family back home would just transfer money to the bank account of their family. Unfortunately it is not so easy, like a less ideal amount of those in Venezuela do not use banks because of proximity or confidence.
Reloadable debit cards provided by some services allow a greater level of flexibility and value for money transfer at home. Once the card is sent, the sender can add money online card often as they would like. Recipients use the card to withdraw funds at most any local ATM. The advantage here goes to those who send money on a regular basis. The ease and safety provided by this method, make it an option definitely growing.