If youve used up your 800 limit, to increase the transfer limit, you need to verify your identity to request. How do I verify my Paysend? Depending on the shipping address, the delivery usually takes 3-4 working days for UK addresses and 5-7 working days for other addresses within the EEA. Moving more than US$3.2 billion across borders for around 3.7 million customers every year, Paysend is a trustworthy service that offers institutional-grade security and preventative measures, such as two-factor login and verification procedures. Among the hundreds of reviews we surveyed, the following key themes and sentiments emerged from Paysend customers: Use Monito'scomparison engineto see how Paysend's fees and exchange rates weigh up against the rest and make sure they are indeed the cheapest option for your international money transfer. While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. Paysend is an excellent service with unique ways of sending money card-to-card transfers, direct transfers to Digital wallets and PaysendLink. This company should be investigated and shut down! It works by debiting money from the credit or debit card of your choice and crediting the amount (minus the fees) into your beneficiary's bank account, card, Paysend wallet, or by making cash available for your recipient to pick up at an agent location. Paysend was the first FinTech company to bring card-to-card global transfers connecting the existing 12 Billion cards issued by Mastercard, Visa and China Union Pay. Domestic transfer speed - Within 24 hours is possible, particularly for transfers between accounts at the same bank. The transfers cost 1. Before diving into all things crypto, Zak contributed to Finders money transfers vertical. Sign up for an account and pay no fees to send quick and easy money transfers to multiple beneficiaries. You'll also have the option of having the money credited to your card, or as a Paysend link into your Paysend wallet. Due to the involvement of (sometimes several) intermediary banks or financial institutions, SWIFT payments can take anywhere from 2 to 5 working days to be complete and reach their destination. This allows us to match our users with the right providers to suit their needs and, in doing so, match our providers with new customers, creating a win-win for everybody involved. You can track the progress of your transfer online by logging into your account. Is Remitly safe? Provide recipient details. What do I need to send money online through Paysend? The installation procedure normally takes between 10 and 20 minutes. You can check if your transfer has been delivered in the app or online in your account history. It is an electronic payment system that is mainly operated out of Australia. To view the purposes they believe they have legitimate interest for, or to object to this data processing use the vendor list link below. If you prefer sending money card-to-card without hassling around with bank account details, Paysend is the way to go. The efficiency and speed of the transfer relies heavily on the cooperation of the correspondent and intermediary liaisons. All rights reserved. As of September 2020, Paysend's mobile app and website have been fully available to US residents for international card transfers from the US dollar to over 110 countries across the globe. ","anchorName":"#compare"}]}, Our table lets you compare the services you can use to send money abroad. To open a Paysend account, you need to be at least 18 years old. When using the service to send money abroad, you'll encounter the following two costs: Paysend charges a single, low fixed fee for card-to-card and card-to-Paysend-wallet transfers for most money transfer corridors, which remains flat regardless of the amount of money that you send. Make sure you take care of this as mentioned in the below comment from the Paysend team on one of the reviews on Trustpilot. Step #5. With its global reach, impeccable reputation, and competitive pricing, Paysend is available to residents of 49 countries across the globe and is the ideal service for those looking for low-cost international card payments. Read through as I go through everything you need to know before using Paysend for your next international money transfer. How to make my first transfer with Paysend. Do banks refund scammed money? The short answer is yes, Paysend is safe indeed. Paysend offers a Global account that gives you a multi-currency wallet that allows you to hold 7 currencies, and link them to your Paysend Mastercard to send and spend your money from the Paysend Global Account app (including global money transfers to 100+ countries). Paysend has received overwhelmingly positive reviews from customers across all platforms. Instead, Paysend recommends in the event customers have disputes with merchants that they "settle these with the recipients [of the transactions]," adding that the company is "not responsible for any obligation and/or commitment provided or made by the recipient of your payment made". Go! (Hint, my verification email went to my Promotions inbox, so be sure to look around if it isnt arriving right away). Debit and credit cards: typically instant. The Android app is rated 4.6/5 based on a massive 57,505 customer reviews. If the verification process fails for any reason and youve already initiated a money transfer and paid Paysend, the money is refunded automatically to your payment method. Weve unpacked the most recently available data from the World Bank to get an idea of how much money is being sent around the globe. Find out more about sending money through Paysend using a prepaid card here. It could be instant or it could take 1 - 2 working days. As the FCA in the UK regulates Paysend, they might need additional information or documentation depending on your case and the information you provide during sign up. The Paysend iOS app is scored 4.8/5 based on 1500 customer ratings. Please note that the delivery time varies according to . All you need is an email address, or a Google or Facebook account. He loves to write how-to guides and via Comparism, envisions bringing to you the top money-saving tips and best ways of moving money internationally without paying hefty fees in hidden charges and poor conversion rates to banks. Level 1 PCI DSS certified card processing system directly connected to Visa, Mastercard and UPI, Mastercard Principal Issuing and Acquiring Member, Visa International Principal Acquiring Member, UnionPay International Principal Acquiring Member, Member of The European Payments Council, SEPA Credit Transfer registered participant, Direct settlement with bank partners globally. There are two types of cards that Paysend offers:1. What we found most impressive about the transfer process was that all of the steps are completed on a single page, allowing for a quick and seamless customer experience. Is Paysend a bank account? The destination for your money - certain countries may have different procedures for transfers, Whether you and the recipient need to fill out forms at your sending or receiving institutions, The payment method for sending and receiving - some methods may need additional time to clear before the funds can be accessed, The time of day you want to send the money - some providers may only send their money at a set moment during the day, so not immediately, The method you choose - if you have to travel and queue up before you can make the transfer, A simple transfer platform which is easy to use yourself from home, Excellent global reach, with lots of countries on the platform. This means Paysend will not intervene in disputes between buyers and sellers to rectify potential issues in the same way that eBay or PayPal would, for example. With nearly four million customers and moving more than four billion US dollars annually, Paysend is a trustworthy service (7.8/10), although not fully transparent about its pricing. It gets frustrating at times as conversational AI still has a long way to go, and not all companies have figured it out yet! Paysend . 8. Check exchange rates. Transfers to bank accounts, on the other hand, tend to take slightly longer to arrive. This could use a little more transparency as it could be misleading to some customers who would think they are effectively only paying 1 in fees. Depending on where you're sending your money, your recipient's bank's processing time may be slightly longer than ours (some companies aren't quite as fast as us ??) However, I like to see more transparency around the mark-up added to the currency rates. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. What's more, Paysend holds its clients funds completely separately from their own business accounts, as per FCA requirements, meaning that should the company have any financial difficulties, your money will remain safe. After identity verification, your Paysend limit is increased to 4500 / 5000 (per six-month period). Once you have opened your free account with Paysend, you can calculate your recipients amount and provide the recipient details. However, bear in mind the limits your prepaid card may impose, as there may be maximum transfer amounts or a lower balance relevant to your card issuer or service. In addition to the web browser experience, Paysend also has money transfer apps on all the major platforms Apple iOS and Google Play (Android). New York, NY, 10016. So in the time it takes you to make a cup of tea or look at the weather forecast, your money should have arrived on the other side of the world! The calculator updates in real-time, showing you the exact amount youre sending and the converted amount your recipient will get. Around 77% of fees are hidden away in nontransparent margins; Bank transfers are not supported as a pay-in method in all countries; Only one sending country (the country of residence) is available. Tell us how much you want to send. Once you deposited your money they will not give it back to you, you can not access to your money. Highly-competitive fees and exchange rates. Paysend was founded in April 2017 by experts from banking and payments. finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. This comes at absolutely no extra cost to you and helps in keeping Comparism content free. PaySend allows you to send international money transfers between multiple countries. ","anchorName":"#what-are-the-ways-i-can-send-money-with-paysend"},{"label":"What do I need to send money online through Paysend? so in extreme cases it can take up to three days. Save my name, email, and website in this browser for the next time I comment. This is quite common with any regulated money transfer company dealing with international remittances to meet regulations and abide by applicable laws. According to the provider, payments are processed instantly and money delivered within minutes. In some cases we may ask for additional documents, in which case the check may take several hours.. Only your mobile number. The time it takes varies depending on where you're sending money to. Usend combines money transfers, bill pay and mobile phone reloading. Links on this page may earn us an affiliate commission. But because Paysend works only online, you cant pay in cash or have cash delivered when sending money, regardless of location.