Paysend reviews? (2023)

Can Paysend be trusted?

Paysend is regulated by the British Financial Conduct Authority. It is also trusted by a large number of payment card providers. These include Visa and Mastercard. The company has received investment from outside sources, which shows there is confidence in their operations.

Paysend is an excellent money transfer service (8.2/10) roundly recommended by Monito's experts for card payments across borders. 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.

Paysend transfers are usually instantaneous, meaning your money should arrive within minutes, sometimes seconds! However, this may depend on your bank's processing times.

Start sending money from the US with Paysend

You can now send money from the US to over 100 countries worldwide from the Paysend smartphone app or via our website. Money transfers to bank accounts have zero transfer fees.

Your money is sent using simply card details rather than bank details, meaning it can be much easier when you want to transfer your money! We're the only money transfer provider that lets you do this, so what are you waiting for? Head to the App Store or Google Play now to download the Paysend app!

Paysend has no fee for sending money to other banks. Our transaction fee is only $2 for transfers from the US to international wallets and cards in local currency. When sending money to be received in US dollars the Paysend fee is $2 for transfers under $200 and 1% for transfers over $200.

Paysend partners with JMMB money transfer to make payments in Jamaica from the UK, US and Canada. In Jamaica, family and friends can access the funds sent via bank transfer on the same day, in a convenient and secure way...

Abdul M. A. - Founder - PaySend | LinkedIn.

All successfully completed transactions are final and cannot be reversed. Please be aware that Paysend cannot provide any refunds as once you complete a transaction you provide instructions to your card issuing bank to debit your account for a given amount.

Paysend is based in UK with a truly global outreach and it was created in April 2017 with the clear mission to change how money is moved around the world; it is the first payment disruptor to introduce global card-to-card transfer.

Where is Paysend based?

PaySend was founded in 2015. Where is PaySend's headquarters? PaySend's headquarters is located at 20 Garrick Street, London.

This information may include: name, mobile phone number, address, date of birth and/or other documents. You may send up to $999 per day without providing your Social Security number or ITIN number. See the Paysend Terms of Service for complete details about monthly and bi-annual transaction limits.

Wire transfers, both domestic wires sent within a country or international wires sent via SWIFT, are probably the safest way to transfer money available to individuals and businesses.

Paysend's credit card to bank account transfers

With Paysend you can transfer money from credit cards directly to a bank account. Here's how it's done: Click on the purple 'Sign Up' button at the top right of the page. Type in your mobile phone number in the international format (with country code).

Paysend will charge your card a small amount which will not be debited from your card and is used for verification purposes only. The charge will appear on your card statement in the pending transactions list with a 5-digit code and the word Paysend in the merchant name (Paysend XXXXXCode)

For identification purposes you will need to provide your ID and supporting documents. You can also upload your documents here at: https://paysend.com/auth/main.action Confirming your identity only takes a few minutes. We accept the following documents: Valid state-issued driver's license or ID.

Credit card companies and lenders will report your activities to credit bureaus every month, updating your score based on your activity. Paysend reports to all three major credit reference agencies, Experian, Transunion, and Equifax, to help boost your overall score.

Can you use PayPal on Paysend?

You simply add a payment method to your account, add funds and then choose another PayPal account to pay.

Paysend was founded by a Russian entrepreneur and founder of the money transfer system, Abduljelil Abdulkerimov. It is licensed to work as a money transfer system in the US (NMLS ID: 2048617). The company promotes itself as an international business headquartered in London.

Paysend is a next generation money transfer service that lets you send money abroad to bank accounts linked to a debit card for no hidden fees! Transferring money with Paysend only takes minutes, though speeds may depend on bank processing times.

British fintech company Paysend is stopping all transfers to Russia, the company said on its Linkedin page. "When we founded Paysend, our mission was to unite people and bring family and friends closer together even though they could be physically separated across the world.

You can send money from your bank account directly to another by using online platforms accessible through mobile apps or your web browser. These transfers are usually cheap to make, and all you'll need is some basic account information from your recipient.

Paysend plc is authorised and regulated by the Financial Conduct Authority in the United Kingdom, reference number 900004. Company number SC376020. * Standard data rates from your wireless service provider may apply.

Using their cell phone number, recipients can withdraw funds from their Paysend virtual Mastercard at a Cajero 5B's contactless ATM. After following a few steps, the user will receive a one-time passcode to withdraw their desired amount from their Paysend virtual Mastercard balance.

Transfers in the Paysend system are processed instantly using our transfers network. However, it may take up to 3 business days for some receiving banks to credit the recipient's account.

So, to summarize: Paysend supports payouts to more countries from the US compared to Wise. Wise has a multi-currency account and card to support 50+ currencies – Paysend does not have that option in the US. Wise has business account options – these are not available from Paysend in the US.

Money for the future

It provides over 40 payment methods for online SMEs. Paysend currently serves over 7 MILLION customers and 17,000 SME's and operates in more than 150 countries globally, while the receiving countries are over 110.

What information do I need to send money with Paysend?

Type in your card details (card number, expiry date, CVV) and select 'Continue'. Please note that your card issuing country must match your Paysend registration country, i.e. if you're signed up in the US with a US phone number, you will be able to use only US cards to send money. Select 'Continue'.

An international bank transfer is usually the best way to transfer money internationally because it is secure, fast and cheaper than other methods such as cash, money orders or credit cards. A bank or money transfer company can carry out an international bank transfer for you.

No, Zelle® can only be used to send funds to someone who has a bank account in the United States. However, you can visit a local U.S. Bank branch to send money via wire transfer to an international recipient.

Use a money-transfer app

The apps of most major banks, for example, include Zelle®, a fast and safe way to send money to friends and family. If your bank doesn't use Zelle®, there are many other digital payment options available. Keep in mind factors like cost, speed and international capabilities can vary.

Regular transfers to one place – free transfers via banks

A number of banks allow you to transfer money to linked banks overseas without a fee – though usually it's just an overseas arm of the same banking group.

Overall WorldRemit is better than Western Union for money transfers. WorldRemit is cheaper due to lower fees and better exchange rates. They also offer more ways to receive money overseas and pay for transfers. Western Union is a faster option for cash pick up in over 500,000 outlets.

Which country owns Paysend?

Paysend is based in UK with a true global outreach and it was created in April 2017 with the clear mission to change how money is moved around the world; it is the first payment disruptor to introduce global card-to-card transfer.

The safest way to send money through the mail is with a money order. This offers more security than cash, as it's only payable to a specific person and can be cancelled and reordered if it is stolen or lost. It's also better protected than a check, as it isn't linked to a bank account.

However, due to the current circumstances, we have taken the decision to suspend all transfers to Russia with immediate effect. Paysend is committed to supporting all our customers globally - regardless of nationality or culture - in uniting them with their families and friends, especially at times of greatest need.

For identification purposes you will need to provide your ID and supporting documents. You can also upload your documents here at: https://paysend.com/auth/main.action Confirming your identity only takes a few minutes. We accept the following documents: Valid state-issued driver's license or ID.

British fintech company Paysend is stopping all transfers to Russia, the company said on its Linkedin page. "When we founded Paysend, our mission was to unite people and bring family and friends closer together even though they could be physically separated across the world.

The cheapest way to send money internationally is to transfer funds directly from your bank account to a recipient's bank account. Most transfer services charge additional fees for debit card or credit card payments and cash pickups.