Founded in 2017 and now trusted by over 10 million happy customers, Paysend offers a modern take on remittances, combining fixed-fee pricing, instant delivery, and a full suite of digital wallet tools. Designed for both personal and business users, it streamlines cross-border payments with a simple app and robust API options.
Why Paysend Shines
- Ultra-Low, Fixed Fees – A transparent flat fee (often as little as $1.99/£1) on transfers—know your cost before you send.
- Instant, Global Transfers – Send money to 170+ countries with funds arriving in seconds on most corridors.
- Zero-Markup Exchange Rates – Paysend uses the true mid-market rate, passing savings directly to you.
- Multi-Currency Wallet & Card – Hold, spend, and transfer in multiple currencies via the Paysend app and prepaid card, rivaling services like Revolut.
- Backed by Industry Leaders – Raised $65 million in strategic funding from Mastercard, Infravia Growth Capital, and others.
How Paysend Works
- Sign Up & Verify
- Download the Paysend app (iOS/Android) or visit the website.
- Complete a quick identity check (“Know Your Customer”) with ID and selfie.
- Fund Your Transfer
- Top up using bank transfer, debit/credit card, or local payment methods.
- Choose Your Delivery
- Send directly to a bank account, card, or Paysend global account, with real-time tracking.
- Instant Delivery
- Most transfers arrive within seconds, ensuring your recipient isn’t left waiting.
Transfer Fees & Exchange Rates
- Fixed Transaction Fee: As low as $1.99 (or local equivalent), varying slightly by corridor.
- No Hidden Charges: All costs and the exact recipient amount are displayed before you confirm.
- Mid-Market Rates: Paysend applies the true interbank rate with zero markup, maximizing value for every dollar sent.
Key Features
- Multi-Currency Wallet & Card: Hold and spend in USD, EUR, GBP, CAD, and more; get a Paysend prepaid card for everyday purchases.
- Business API & Payouts: Automate mass payments via CSV upload or direct API for payroll and vendor settlements.
- Rate Alerts & Recurring Transfers: Lock in favorable rates and schedule regular payments with a few taps.
- 24/7 Global Support: Around-the-clock customer service through chat, email, and in-app help.
Pros & Cons
| Pros | Cons |
|---|---|
| ✓ Ultra-Low Fixed Fees – Know costs upfront | ✗ Variable Fees – Some corridors may be pricier |
| ✓ Instant Delivery – Seconds on many routes | ✗ App-Only Features – No desktop wallet yet |
| ✓ Transparent Mid-Market Rates | ✗ Limited Cash Pickup – Primarily digital payouts |
| ✓ Robust Business Tools | ✗ KYC Delays – New accounts may need 1–2 days |
Transparency & Trust
Paysend’s rapid rise is supported by strong financial and regulatory backing:
- Funding: Secured $65 million in late-stage investment led by Mastercard, Infravia Growth Capital, One Peak, and Hermes GPE Innovation Fund.
- Regulation & Security: Adheres to global AML/KYC standards, GDPR-style data protections, SSL encryption, and ISO 27001-level security.
Customer Service & Reviews
- 10 Million+ Customers: Paysend touts over 10 million users worldwide, reflecting widespread trust and adoption.
- 4.4 ★ App Ratings: High scores on both the App Store and Google Play, with users praising ease of use and cost savings.
- 24/7 Support: Live chat and email support ensure help is always at hand, with enterprise SLAs available for business clients.
8.5
RemitReview Score
Transparency
9
Exchange Rate
8
Transfer Fee
9
Transfer Speed
8
Supported Currencies
9
Customer Satisfaction
8.2
Conclusion
For anyone seeking a modern, cost-effective, and feature-rich money-transfer solution, Paysend delivers on all fronts. With fixed, transparent fees, instant global payouts, and powerful digital-wallet capabilities, Paysend stands out as a top choice for personal senders and businesses alike.
Ready to send smarter? Experience Paysend today!
