# TransferWise :
transferwise is an online money transfer service, which lets you transfer money up to eight times more cheaply than with a bank. The system is beautifully simple. It bypasses pricey international payments entirely by using two local transfers instead of one international transaction.
If you want to convert your pounds to euros, you send the money in pounds to TransferWise’s UK-based account. The equivalent amount is then sent from TransferWise’s euro account to the recipient.
This smart system means that the money never actually moves across borders, and the currency conversion is done using the real mid-market exchange rate (as you would find in a newspaper or at xe.com). Doing things this way means that customers can avoid traditional banking fees altogether and they don’t lose money by transferring at an unfair rate
# remitly:
PROS $CONS OF REMITLY :
Like any service offered, Remitly has its advantages and disadvantages. One of the most important advantages of Remitly is the ease of use and their excellent website and mobile application. In addition to the simplicity, the company also has a huge bank network. You can send money to all participating banks, which makes it easy for clients to send money to people that do not have bank accounts. Another pro is that when you send money you will receive text message alerts so you can track where your money is and when transfers have been completed.
On the other side of the token, Remitly has some cons you should be aware of before choosing them as your remittance provider. One of the main disadvantages of Remitly is that they are not necessarily the cheapest provider when it comes to their exchange rates. On top of that, unfortunately you can only send money from the United States, Canada or the UK – you can not send money from any other country. Lastly, another inconvenience that will inhibit people from choosing this service is that Remitly has strict monthly limits on how much money you can send at a time. However, these cons do not deter people from using the service since their customer base continues to grow every day.
On Trustpilot, clients give the company an 8.8 out of ten and have many good things to say about the company!
# WORLD REMIT :
WorldRemit provides a variety of transfer options in more than 120 countries worldwide, including online, bank-to-bank and cash transfers. Fees vary by country you’re sending funds to and the global exchange rate at the time of your transfer. WorldRemit is ideal for small businesses, offering transfers from $1 to $2,000.
Pros:
- Flexible payment options
- Easy three-step transfer process
- Transfers to mobile wallet accounts
- Cash pickup available
- Mobile airtime account transfers
- Direct link to get 20 £ referral :
Azimo:
- Fast updates on transfers
- Over 200,000 pick-up points worldwide
- No phone number for support
Less of a household name, but well worthy of its place in our list, is Azimo, which has apps available in Google Play and Apple’s App Store for its international money transfer service.
From the moment you hit send on your transfer to the point of collection, Azimo keeps you fully up-to-date on the status of your transaction via the app. But while the technology in money transfer services usually takes care of itself, the bureaucracy around collecting bank and cash payments in other countries can be far from simple, so Azimo’s location-specific instructions for collection are a nice touch.
Though depending on destination, the fees are very reasonable, and the service can count on over 200,000 pick-up points worldwide. The customer service is strong too, even if it is restricted to email rather than phone. An added incentive? Inviting a friend to join the service gives them £10 ($13) on a transfer, and when they transfer £100 ($133) or more, you get to pocket £10 ($13) yourself.
- Direct link to get 10 £ referral : azimo > azimo
Pros and cons of using xendPay for money transfers
Pros
- Pay what you want. You can choose your own fee up to an initial $2,000 in transfers.
- It’s secure. Xendpay is registered with the UK’s Financial Conduct Authority.
- Competitive exchange rates. Xendpay’s rates are often stronger than banks and other services.
- iPhone app. Allows transfers from iOS mobile devices.
Cons
- To get referal bonus use link xendPay
- Limited delivery options. Transfers to bank accounts and mobile wallets in select countries only.
- Limited no-fee intro. “Pay what you want” applies only to the first $2,000 you send.
- Long transfer speeds. It can take up to 4 days for your recipient to receive the funds.
- No recurring payments. At this time, you can’t schedule recurring payments with Xendpay.
# transfergo
TransferGo
Pros:
- Money-back guarantee
- Cash pickup available in India
- Available as an app on iOS & Android
- Promotional rates available for new users periodically
- Free transfer and 20£/$/€ for first time user if you join using link:
- To get 20 £ /$/ € referral and first free transfer : click here and register with code 61qQub
Cons:
- Rate for instant bank transfers is too less compared to Azimo / Remitly
- You have a daily and half yearly sending limits, which can be raised based on the usage (You can request to raise those limits by sharing required documentation )
Note: First time TransferGo users get free transaction
# TransferWise :
transferwise is an online money transfer service, which lets you transfer money up to eight
times more cheaply than with a bank. The system is beautifully simple. It bypasses pricey
international payments entirely by using two local transfers instead of one international
transaction.
If you want to convert your pounds to euros, you send the money in pounds to
TransferWise’s UK-based account. The equivalent amount is then sent from TransferWise’s
euro account to the recipient.
This smart system means that the money never actually moves across borders, and the
currency conversion is done using the real mid-market exchange rate (as you would find in a
newspaper or at xe.com). Doing things this way means that customers can avoid traditional
banking fees altogether and they don’t lose money by transferring at an unfair rate
# remitly:
PROS $CONS OF REMITLY :
Like any service offered, Remitly has its advantages and disadvantages. One
of the most important advantages of Remitly is the ease of use and their
excellent website and mobile application. In addition to the simplicity, the
company also has a huge bank network. You can send money to all
participating banks, which makes it easy for clients to send money to people
that do not have bank accounts. Another pro is that when you send money
you will receive text message alerts so you can track where your money is and
when transfers have been completed.
On the other side of the token, Remitly has some cons you should be aware of
before choosing them as your remittance provider. One of the main
disadvantages of Remitly is that they are not necessarily the cheapest
provider when it comes to their exchange rates. On top of that, unfortunately
you can only send money from the United States, Canada or the UK – you can
not send money from any other country. Lastly, another inconvenience that will
inhibit people from choosing this service is that Remitly has strict monthly
limits on how much money you can send at a time. However, these cons do
not deter people from using the service since their customer base continues to
grow every day.
On Trustpilot, clients give the company an 8.8 out of ten and have many good
things to say about the company!
How to Send Money Online through orbit remit
We believe sending money overseas should be stress-free, and we pride ourselves on keeping things simple and making your life easier. Here is how you can make international money transfers online in a few easy steps.
Create your transfer
Using our platform, you tell us how much money you’re transferring and who will receive the transfer.
Pay for your transfer
You then transfer the funds to our local OrbitRemit bank account where you are. This is a domestic transfer and you will not be charged for this by your bank.
Payment made to recipient
Once we have received your cleared deposit, into our local account, we will perform the currency exchange and transfer the funds to your beneficiary.
To get referral bonus use link orbit remit
# WORLD REMIT :
WorldRemit provides a variety of transfer options in more than 120
countries worldwide, including online, bank-to-bank and cash transfers.
Fees vary by country you’re sending funds to and the global exchange
rate at the time of your transfer. WorldRemit is ideal for small
businesses, offering transfers from $1 to $2,000.
Pros:
●Flexible payment options
●Easy three-step transfer process
●Transfers to mobile wallet accounts
●Cash pickup available
●Mobile airtime account transfers
●Direct link to get 20 £ referral : remitly