In the age of technology and online fraud, there can be many reasons for sending money anonymously. You might want to keep your personal details down low when you send money anonymously to ensure the utmost safety of your bank account details and other personal information. Whatever your reason, there are many ways to make a monetary contribution to anyone’s account without letting them know who it’s you. Here’s how you can send money anonymously. Also, use PCI-DSS certified Beem to send money to your closed ones. Beem uses gold-standard security systems to prevent any data leaks while sending money online. Methods for Sending Money Anonymously
Various private transfer means can be used online and offline. Conversely, others may only be accessible with an internet service. Let’s explore the various payment options to choose the best-suited one:
Cryptocurrency
Cryptocurrencies based on blockchain are decentralized. The exchanges are made in tokens, and the tokens are equivalent to monetary value. To purchase a cryptocurrency, you will need access to the internet and have to register on crypto exchanges, which will negate the whole process of sharing data. However, you can keep your identity secret from the receiver.
Peer-to-Peer Cash Transfer Services
Peer-to-peer lending (P2P lending) is a way of transacting money between individuals (or businesses) via online services while omitting financial institutions. P2P platforms connect loan seekers directly to lenders looking to lend money and then set interest rates on the creditworthiness of the borrowing applicant. You can hide your identity while applying for loans or transferring funds to crowdfunding projects through P2P Transfer Services.
Prepaid Debit Cards and Gift Cards
Prepaid gift cards can be bought at gas stations or retail shops. As these cards don’t contain personal information, they are a great way of making payments, given they are accepted at the receiver’s end.
You can use a prepaid gift card generally both online and offline.
Money Orders
You can transfer money without a bank account by purchasing a money order at your local post office or grocery store. Just pay for the money order in cash. The person at the other end can receive the money by taking that money order to their source bank, post office, or grocery store. However, you and your receiver may need to incur the charges for the money order.
Cash
You will need someone you can trust for this method. Ask the mediator you trust to send someone money on your behalf. However, preventing you from being linked to the money is still hard.
Anonymity vs. Privacy
While sending money anonymously can involve certain risks, privacy, on the other hand, means safeguarding your information. Privacy is more about protecting your data. Anonymity is about sending money and disclosing your identity, which may involve issues like cryptocurrency risks.
Legal and Ethical Considerations
If the method used is a regulated body, it is legal. However, it also depends on the source of money and the use of money transferred anonymously. Anonymous platforms also create a possibility of laundering illegal funds. The anonymous transaction also involves transfers across international borders, which criminals can use to exploit and conduct illegal activities.
Security Measures
When it comes to increasing your privacy, you can try a few options:
- Create an alter ego email to use on different apps.
- Get a blank check printed to make payment.
- Go through a charity organization.
- Use a fake name.
- Use a fake number.
Conclusion
There are various ways to send money anonymously while using an online platform, but only a few are truly anonymous. Digital records are almost always present. If you want to send money anonymously, you must use cash, money orders, prepaid disposable cards or have a third party physically hand them cash. Beem employs cybersecurity experts with cutting-edge security measures to ensure your information stays safe while sending money.
