Venezuela resides on the northern coast of South America, beside Columbia, Guyana, and above Brazil. It is privileged to be on the coast of both the Carribbean Sea, and Atlantic Ocean. Its population exceeds 30 million people, making it the 40th largest country in the world. However, a steady flow of citizens continue to consider if it is the best place for their future.
A large proportion of Venezuelan citizens receive money from their family members abroad on a weekly or monthly basis. Many of those who send money to Venezuela are in America. There are nearly 180,000 people with direct Venezuelan ancestry in the US.
Venezuela's expatriate community worldwide, especially in America is greatly respected. They are known for their high levels of education and business successes. Many Venezuelans come to America as young adults to attend university. It takes an intense dedication in high school, just to be accepted to an American university, as Venezuelan schools are not the most respected in South America.
As well as those that migrated to America for educational opportunities, growing numbers have come for political reasons. While the US certainly has her own political demons, the distaste for the current regime in Venezuela and their stringent policies is a polarizing source for many.
The options to send money to Venezuela vary, but of late, taking advantage of the ability to send money online has been attractive to the intellectual Venezuelan community.
In the past Venezuelans utilized traditional money transfer services. With these services, both sender and recipient had to report to a third-party location to complete the money transfer. Recipients have become more and more weary of these establishments as it makes the process lacking in privacy.
Due to the business acumen and success for Venezuelans in America, most of them hold and maintain US banks accounts for proper storage of their funds. The easiest method for them to send money to their family back home would be to simply transfer money to their family's bank account. Unfortunately it's not that easy, as a less than ideal amount of those in Venezuela don't use banks due to proximity or trust.
Reloadable debit cards provided by a few services allow an increased level of flexibility and value for those transfer money back home. Once the card is shipped out, the sender is able to add money onto the card online as often as they would like. Recipients use the card to withdraw funds at most any local ATM. The advantage here going to those who send money on a regular basis. The ease and security provided by this method make it a surely increasing option.
As Venezuelans continue to seek educational and salary opportunities in the US, those that send money to Venezuela will grow concurrently. The method in which they transfer money may become more and more the same, a reloadable debit card.
To learn more about prepaid debit cards or how to send money to Venezuela, check out http://www.atmcash.com/.
Logan Lemberger takes pride in expressing his knowledge on the subjects of travel, personal finance, international relations, sports, and music.
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