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Home Bank Promotions

Paysend Review: Money Transfers, Pros & Cons, Promotions

Diana Mason by Diana Mason
February 7, 2024 11:05 pm CST
in Bank Promotions, Referral Promotions
1
Earn a $300 cash bonus with BlueVine!
CIT Bank platinum savings 300 bonus banner

Get a $24 referral bonus with Paysend, the leading name in international money transfers that combines unbeatable convenience with low costs. Discover why millions trust Paysend for fast, secure, and affordable transactions across over 150 countries.

With Paysend send money to over 150 countries for just $2. Transfers are instant and receiving funds is easy. All it takes is just a few taps on your phone. It’s no wonder the company has amassed more than seven million customers worldwide and supports over 1.6 million transactions every month. Keep reading for everything you need to know about Paysend.

Paysend At-A-Glance

Countries you can send from49
Countries that can receive funds150+
Payment methods (U.S.)Visa, Mastercard, Maestro
Transfer fee (U.S.)$2/transfer
Transfer limit (U.S.)Up to $999/day (increase your limit with verification)
Customer support24/7 live chat, email, phone, social media (12 languages)
Paysend Pros and Cons
Paysend Pros & Cons

Get started with Paysend…

Current Paysend Promotions

Paysend Bonus: Up To 24 USD Per Referral

Invite friends and get up to 24 USD for every one of them.

  • Share your unique invite code with your friends.
  • Wait for your friend to make their first transfer with your invite code. Your friend gets their first transfer fee-free as a reward. And, you’ll get a $2 bonus for each of the next 12 transfers that this friend makes within the next year.
  • Plus, there’s no limit on how many friends you can invite. Refer as many friends as you can and get up to $599.00 USD within a year.

Here’s our referral link (enter code 04mt26 during sign up) if you’d like to use it to get your fee-free first transfer (thanks in advance!)

What Makes Paysend Unique?

paysend features

Paysend stands out from the money transfer competition with the following features:

  • Large reach. The platform supports global transfers to 150+ countries across the Americas, Europe, Asia, and Africa.
  • Low fixed fee. Transfers for specific routes are fixed and relatively cheap, with 0% exchange rate margin (more on fees later).
  • Transparency. You won’t get hit by hidden fees. The amount to be withdrawn, any fees charged, the exchange rate, and receiving amount are all clearly displayed before you confirm the transaction.
  • 24/7 multilingual support. If you need help, contact customer support via live chat, email, phone, and social media.

Plus, the transfers are very secure. Payments sent via Paysend are certified by Mastercard, Visa, UnionPay, and other top payment networks. The company also complies with the Payment Card Industry Data Security Standard (PCI DSS).

How Does Paysend Work?

In order to send money with Paysend, you must live in one of the 49 supported countries. There are three types of international transfers to choose from:

  1. Card to card. Money is sent directly to your recipient’s card.
  2. Card to bank account. Money is sent directly to your recipient’s bank account.
  3. Card to Paysend Link. Money is sent to a link, which the recipient can then direct to their card, bank account, or UnionPay card.

Transfers are limited to a total of $999 per day, which can be increased by completing identity and address verifications.

VerificationAccepted Documents
Identity(1 of the following)
Driver’s license or ID
Passport
Work permit or green card
Resident alien card or National Identification card
Address(1 of the following)
Bank or credit card statement
Utility bill
Property tax statement
Proof of property ownership or lease agreement
Pension document with address
Driver’s license (if not submitted for ID verification)

Once you initiate the transfer, payments are processed immediately and funds are delivered within minutes. That said, some transactions may take up to three business days to process, depending on your recipient’s country and bank. Additional checks in the receiving country could also cause further delays. In general, transfers to credit and debit cards are the fastest method.

Paysend will send your recipient notification of the deposited funds. They can then spend the money immediately without having to sign any documents.

Paysend Pricing & Fees

Paysend transfer fees are fixed, but vary according to where you send from. For example:

  • $2 for sending from the United States
  • $3 for sending from Canada
  • £1 for sending from the United Kingdom
  • €1.50 for sending from Europe

Because the company has direct connections to currency exchanges in 100+ countries, Paysend’s exchange rates are very competitive. The rate displayed when you make the transaction is locked for the duration of your transfer.

There might also be processing charges from your bank when you make your transfer, and the recipient might incur landing fees or intermediary fees. Paysend has no control over these costs.

Bottom Line

Paysend is a solid solution for international money transfers if you want to send funds from one of the supported countries. There are no complicated forms to fill out, no sort codes, no waiting in lines, no hidden fees, and no long trips to pick up a transfer. Transactions are fast, and you can send and receive money with just a few taps on your phone.

Get started with Paysend…

Wise is another service that offers cheap and easy international money transfers. See the promotion for it here.

See the best money transfer promotions here…

READ MORE: SEE THE BEST BANK BONUSES HERE AND THE BEST INVESTING BONUSES HERE.

Interactive Brokers Logo Click here to see why Interactive Brokers is the #1 brokerage for serious investors!

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Diana Mason

Diana Mason

My passion for travel eventually led me away from the 9 to 5 office life and into the embrace of freelance work. Born in Cali and raised in Philly, I am a creative professional with a delightful knack for words. When I'm not gallivanting across the globe, you can find me writing (of course), teaching yoga, and dreaming of my next big adventure.

Comments 1

  1. Parrain Agogo says:
    2 years ago

    NEW 2023 WORKING LINK:
    https://paysend.com/bonus?code=0269er
    Fee-free first transfer on Paysend

    Use my code 0269er at sign up or Copy and paste this link: https://paysend.com/bonus?code=0269er
    Thanks if you use my referral

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    Reply

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Editorial Disclaimer: Opinions expressed here are author's alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.
Disclaimer: These responses are not provided or commissioned by the bank advertiser, credit card issuer, hotel, airline or other entity. Responses have not been reviewed, approved or otherwise endorsed by any of the entities included within the post. It is not the bank advertiser's or any other entity's responsibility to ensure all posts and/or questions are answered.

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