Paysend

Paysend is a London-based provider of international money transfers, founded in 2017. The operating company, Paysend Plc, is registered in Scotland. According to its own news, Paysend serves more than 12 million customers, and it states that it reaches 170 countries.

Features

• Sending from the phone to bank accounts, cards, e-wallets or cash, with progress tracking
• Rate and fee shown before the transfer is confirmed
• Personal products through the app and enterprise products for businesses
• Licences in several jurisdictions, including the UK FCA, the US FinCEN and the Central Bank of Ireland

Good to know

The offer and the available payout methods depend on the destination country. Paysend describes itself as running its own technology and as profitable. As with every transfer service, the total cost is the fee plus the margin in the exchange rate, so compare the final amount received.