Editing Informal value transfer system (section)

==Mechanism==
The sender gives money to an IVTS agent and their counterpart in the receiver region/country acts as deliverer of this money.  The sender calls or faxes instructions to his counterpart and the money gets delivered in a matter of a few hours. In the past, the message could be delivered using couriers, with men or even animals (such as pigeons). Settlements are made either with a private delivery service or [[wire transfer]] in the opposite direction.  Another method of balancing the books is to under-invoice goods shipped abroad, so that the receiver can resell the products at a higher market price.<ref>{{cite journal |last1=Kapur |first1=Devesh |last2=McHale |first2=John |authorlink1=Devesh Kapur |title=Migration's New Payoff |journal=[[Foreign Policy (magazine)|Foreign Policy]] |issue=November-December 2003 |pages=49–57 |url=https://foreignpolicy.com/2009/11/02/migrations-new-payoff/ |archive-url=https://web.archive.org/web/20150113051312/https://foreignpolicy.com/2009/11/02/migrations-new-payoff/ |archive-date=13 January 2015 |access-date=20 November 2022 |url-access=subscription |issn=0015-7228}}</ref>