Most people have heard of Paypal due to its continuing contribution as the main way of paying people on E-bay. Indeed E-bay purchased the company a few years ago now to provide secure payments for their online auction site. However it is often overlooked as a way to transfer money overseas with many people being unaware that they can transfer their money for virtually zero fee, whereas other money transfer companies such as MoneyGram and Xoom would take a hefty commission from you.