Blog • 07 February, 2019

Supporting families worldwide

We all go out of our way to help our family, especially when it comes to financial help. Whether your family is local or scattered across the globe, we want to make your financial support as easy and cost effective for you as possible. 

We know the struggles of supporting a family that lives abroad. Struggling with high-cost exchange rates and transfer fees, making the amount of money transferred unrecognisable to the original value that the banks promised you.

PaySend was created to help migrants keep their hard-earned money. Cutting out large transfer fees, intermediaries and bad exchange rates.

Let’s say you wanted to send money to India for your family. Many high street banks such as Lloyds or Barclays charge a premium rate with an intermediary gaining on the transaction. Sending £1000 from the UK to India with Barclays is likely to cost you £25 in fees, as well as paying a higher exchange rate. With PaySsend the transfer of £1000 to India will only cost you £1. You will also gain a fixed exchange rate that doesn’t have any hidden charges. All of this information will be displayed upfront, so you are always in control and fully aware of how much you will pay. This means that more of your money makes its way to your family, rather than the bank taking a significant cut.

Alternatively, sending money from the UK to Nigeria with PaySend will still only cost you £1. Many other transfer websites will cost up to £10 for the same service. Going further abroad? No problem! Sending money to further afield countries such as China or Russia will give you a great deal and an instant transfer. No waiting for transfers to clear and no bad exchange rates.

Many people expect that money transfer to European counties won’t incur a substantial charge. However, banks will hide these charges from you with unreliable fluctuating exchange rates. If you choose to use Lloyd’s, a transfer of £1,000 to France, Italy or Spain will cost you £12 in fees. This is along with fluctuating exchange rates and hidden fees for your beneficiary on the continent.

With PaySend, this would only cost you £1 in fees. This leaves more of your money for your family, rather than a middle man gaining on your transaction. You will also see the fixed exchange rate before you make your transfer, so you can have peace of mind that you know how much you’re sending. Not only will you be saving money on fees, but also on an exchange rate.

Here at PaySend, we are continually looking for new ways to incorporate new countries for transferring money. At the moment we have an amazing 70 countries worldwide that you are able to send money to at a low fee. Needless to say you can make a transfer on the go 24/7 straight from our mobile app. This means that it is easier for you to keep in touch with your loved ones, with a simple transfer at your fingertips.

If you need help with transferring your money, then look no further than PaySend today. Minimal costs, fixed transfer fees, and the best exchange rates. We are hoping that you choose PaySend to make sure your family gets the money that they deserve, without cutting out huge fees. We want your money to stretch around the world so you can keep more of what you earn, and we can help it along its way.