PaySend Review | Money Transfer, Clever App Service

 What is PaySend?

PaySend is a global money transfer platform and it was launched in April 2017. This platform allows you to transfer money from one place to another.

Additionally, you can hold money (multiple currencies) in your PaySend account, and, also, you can instantly exchange currencies.

But what’s so special about PaySend?

Well, this is the interesting part of this platform. In order to transfer money, you need only the card number and the receiver name. This is one of the many important things about using PaySend.

You can transfer money to another card. If you have a small business, receiving the money to your card can be very helpful for growing your business.

Is PaySend available in your country?

PaySend is available in more than 85 countries worldwide. For more information about the supported countries and the available services for each country, feel free to check the main site.

Is Paysend available for mobile devices?

Yes, you can download the app both from the App Store and Google Play.

Note: Please use the main site to download the app.

How do you make a transfer?

You have 3 options to make a transfer:

  • Card;
  • Account (First and Last name, SWIFT code, IBAN);

If you want to transfer money to an account, there is no fee.

  • PaySend link.

Normally, if you want to transfer money to another card, you need the recipient’s card information. If you choose this option to transfer, you will send a link as a text message where the receiver will enter its card detail, after he clicks the link.

 This method is recommended for those who want a certain level of anonymity when they make a transaction.

Note: Keep in mind that there are different rules for each country.

For example: When you make a transfer, it’s possible they will ask for the expiry date info of the card.

Not all countries will ask for that information. This is not a big deal, but it’s nice to know that when you want to transfer money to another person from another country.

Note: Read carefully the information about the fees. Stay up to date and avoid any unpleasant surprises.

Can you request money?

Yes, you can request money. Just send a link as a text message to the receiver, he will click the link and add the card details.  

Important: Each recipient has a different policy for money laundering. So, it’s possible that some transactions between various recipients (TransferWise, Monese, etc) to fail.

The transactions between traditional banks won’t fail but there is a possibility to have some problems when you transfer money to, for example, prepaid cards. But, I am sure they will fix these problems and we will be able to use prepaid cards too.

Check PaySend here

paysend how it works

Final words…

PaySend is an interesting technology to transfer your funds without compromising your security for your account. It is very fast, it’s a very cheap alternative to transfer money all around the world.

Thank you for reading.

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