PaySend vs Currencies Direct: Which is Better for International Money Transfers?

Sending money internationally often comes with high fees, slow processing, and hidden charges. In 2025, PaySend and Currencies Direct offer different solutions tailored to specific needs.

PaySend is ideal for small, fast, and low-cost transfers, providing an intuitive mobile app. Currencies Direct, established in 1996, focuses on competitive exchange rates for larger transfers and businesses. Panda Remit is a reputable alternative offering fast and reliable service. (Source: Investopedia: International Money Transfer Guide)

PaySend vs Currencies Direct – Overview

PaySend was founded in 2017 in the UK, offering quick transfers to over 170 countries. Its user-friendly platform and low fees make it ideal for personal remittances.

Currencies Direct, established in 1996, specializes in competitive rates for larger transfers, serving both individuals and businesses globally.

Similarities:

• International money transfers

• Mobile app access

• Debit card support

Differences:

• PaySend: Suited for small, immediate transfers

• Currencies Direct: Optimized for high-value transactions and business transfers

Panda Remit is another alternative providing secure, cost-effective transfers.

PaySend vs Currencies Direct: Fees and Costs

PaySend charges a flat low fee, typically around $1.50, which is clear before sending.

Currencies Direct offers no flat fees but includes exchange rate margins. It is more cost-effective for larger amounts due to better rates.

Panda Remit can be a lower-cost option for everyday transfers. (Reference: NerdWallet: Money Transfer Fees Comparison)

PaySend vs Currencies Direct: Exchange Rates

Both provide transparency and avoid hidden fees. Panda Remit offers competitive rates for daily use.

PaySend vs Currencies Direct: Speed and Convenience

PaySend offers instant or same-day transfers, with app-based tracking.

Currencies Direct transfers usually take 1–2 business days, ideal for planned payments. Its app is functional but not optimized for instant transfers.

Panda Remit provides a fast, online transfer alternative. (Reference: Monito: Transfer Speed Guide)

PaySend vs Currencies Direct: Safety and Security

Both platforms are licensed, regulated, and encrypted, with fraud monitoring and multi-factor authentication.

Panda Remit is also licensed and secure, ensuring safe international transfers.

PaySend vs Currencies Direct: Global Coverage

PaySend: Transfers to over 170 countries via bank accounts and debit cards.

Currencies Direct: Supports 100+ countries, with major currencies.

Neither platform supports credit card transfers or African remittance corridors.

Panda Remit covers 40+ currencies and provides fast online transfers. (Source: World Bank: Remittance Data)

PaySend vs Currencies Direct: Which One is Better?

• PaySend: Best for small, quick personal transfers

• Currencies Direct: Suited for large, planned transfers

For users seeking speed, low fees, and convenience, Panda Remit offers a compelling alternative.

Conclusion

In the PaySend vs Currencies Direct comparison, PaySend excels in fast, affordable transfers, while Currencies Direct is better for high-value remittances. The choice depends on transfer size, urgency, and purpose.

Panda Remit presents a strong alternative with high exchange rates, low fees, flexible payment methods (POLi, PayID, bank card, e-transfer), coverage of 40+ currencies, and fast online transfers.

(References: NerdWallet Money Transfer Review, Investopedia International Transfer Guide, Panda Remit Official Site)