Paysend App

What is the Paysend app

Paysend app is an international online money transfer service headquartered in London and regulated by the UK’s FCA (Financial Conduct Authority). This global online money transfer service operates in many countries around the world. Paysend is a growing fintech company focused on next-generation money transfers. Customers can benefit by sending funds abroad from card to card in dozens of countries and regions. In addition, there are lower flat fees, easy transfer methods, PCI DSS certification, and instant online money transfer processing.

How Paysend works

With the Paysend app, registered customers can send money to nearly 100 countries at a low, fixed price (1). All that is required is the name of the host and the card number. Paysend partners with MasterCard and VISA, which means that the transfer is simple, hassle-free, and hassle-free. An easy-to-use money transfer service starts with the completion of a natural registration. Customers must enter a phone number and create an 8-12 character password using a combination of alphanumeric characters, including upper / lower case letters.

Customers are then required to enter personal information such as first name, last name, date of birth, address, zip code, city, country, and email address. Once this information has been verified for accuracy, simply click the Submit button. Sends the registration code to the mobile number provided by the Paysend app. After registration, your account will be ready for money transfers.

Making deals is easy. Each payment processing method is subject to a transfer restriction. This limit can be increased with the consent of the Paysend app. After entering the amount you want to send to the recipient and the currency you receive, you will see a list of fees, exchange rate, and delivery time for each transaction. The recipient’s details must be indicated in the blocks provided. This includes the card number, expiration date, recipient’s last name, and recipient’s first name. You must enter the sender’s address, including city, street, house number, and card information.

How much does Paysend cost to use

Paysend app is described as a company that offers international cash transfers at a low price. If you are sending money from the UK, the price is just 1. No matter how much money you send – this is a fixed price for all cash transfers. If you are sending money from the Eurozone, the cost to use Paysend is € 1.50. Any cash transfer from the USA costs $ 2.

Naturally, most customers are outside of these three areas and a full list of costs will be provided for added convenience. The exchange rate provided by the Paysend app is competitive and is easy to display before you submit the transfer by pressing the submit button. The rates are close to the market average exchange rates, which helps the sender get the best value for money.

Transmission speed

One of the reasons the Paysend app is so popular is the transfer speed associated with online money transfers. Through partnerships with Paysend, China UnionPay, MasterCard Worldwide, and VISA Inc, customers can receive instant money transfers. Advanced payment processing ensures that all transactions are easily tracked and customers know exactly what is happening with their online money transfers. For senders, funds from your card will be debited immediately. The recipient will receive the money in a few minutes. For customers in certain countries, it may take up to 3 business days for funds to be transferred.

Send and receive parameters

When you are ready to send money to the recipient, click the Send button. Enter the amount you want to send, recipient details, and take a photo of the card used for the transfer. Your card has a CVV / CVC number – enter it. Then enter your 5-digit security code and confirm the transaction. It is important to note that you must enter your Paysend card details as well as the recipient’s Paysend card details in order to process transactions. It is also possible to transfer funds to bank accounts.

Why use Paysend

Are definitely some well-known online money transfer providers, but Paysend is the best for a number of reasons.

  • International cash transfers via Paysend only cost £ 1 / US $ 2 / € 1.50 regardless of the amount you send. Spreads in the medium market are competitive enough to guarantee the best value for money. In addition, IMT (International Money Transfer) is available in 100 countries.
  • Most transactions are processed instantly. Payment will be debited immediately from the sender’s card and the recipient will usually receive their funds within minutes. Sometimes it can take up to 3 days depending on where the recipient is.
  • Paysend app provides fast support and customer service with a wide variety of communication options, including FAQs, chat features, social media pages such as Facebook, Instagram, YouTube, LinkedIn, etc. Support representatives are available to communicate anytime during the day and at night.

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