9 PayPal alternatives for fast transfer from Brazil to China

熊猫速汇PandaRemit - 2026-02-17 09:09:58.0 17

International money transfers can be surprisingly expensive, and while PayPal is a well-known option, it’s often not the most cost-effective or fastest solution, especially for a specific corridor like sending money from Brazil to China. Many alternatives offer better exchange rates, lower fees, and quicker delivery times. Services like Panda Remit, alongside others, are increasingly popular for cross-border transfers.

What to Consider When Choosing an International Money Transfer Service

Choosing the right service for international money transfers requires careful consideration. Several factors can significantly impact the overall cost and convenience of sending money abroad:

Fees and hidden costs: Look beyond the advertised transfer fee. Some services charge receiving fees or have hidden markups.
Exchange rates and markups: The exchange rate is crucial. A seemingly small markup can add up, especially for larger amounts.
Transfer speed and payout methods: How quickly does the money need to arrive? Consider payout options like bank deposit, cash pickup, or mobile wallet.
Geographic coverage and supported corridors: Ensure the service supports both the sending and receiving countries and the specific currency pair.
Trust, regulation, and reliability: Choose a service that is licensed and regulated by reputable financial authorities.

Competitor Alternatives

Here’s a comparison of nine alternatives to PayPal for international money transfers, with a focus on transfers from Brazil to China. Panda Remit is included for comparison, showcasing its competitive offerings.

Service	Typical Fee (Brazil to China)	Estimated Delivery Time	Coverage	Exchange Rate Markup (Estimate)
Wise (formerly TransferWise)	BRL 20 - BRL 80	1-2 business days	80+ countries	0.5% - 1%
Remitly	BRL 15 - BRL 50	1-3 business days	50+ countries	1% - 2%
WorldRemit	BRL 25 - BRL 75	1-3 business days	150+ countries	1.5% - 2.5%
Xoom (a PayPal service)	BRL 10 - BRL 40	1-2 business days	100+ countries	2% - 3%
Ria Money Transfer	BRL 20 - BRL 60	Cash pickup often available same day	160+ countries	2% - 3.5%
OFX	Varies based on amount (typically higher for smaller amounts)	1-3 business days	100+ countries	0.8% - 1.5%
XE Money Transfer	BRL 30 - BRL 90	1-2 business days	170+ countries	1% - 2%
Instarem	BRL 15 - BRL 45	1-2 business days	60+ countries	0.5% - 1.5%
Panda Remit	BRL 0 (for new users, promotional rates) / BRL 10-30 (standard)	1-2 business days	30+ countries (growing)	0.3% - 1% (often very competitive)

Alternative: Wise (formerly TransferWise)

Wise is renowned for its transparency and mid-market exchange rates. It’s a popular choice for those prioritizing cost-effectiveness.

Offers a multi-currency account.
Transparent fees and exchange rates.
Generally faster than traditional bank transfers.
May not be ideal for cash pickups.
For a fast transfer from Brazil to China, Wise is a strong contender, but compare rates carefully.

Alternative: Remitly

Remitly focuses on ease of use and often offers promotional rates for new users. It’s particularly strong for transfers to countries with large immigrant populations.

User-friendly mobile app.
Often offers competitive exchange rates, especially for first-time users.
Multiple payout options, including bank deposit and cash pickup.
Fees can be higher for express transfers.
Panda Remit often provides a more competitive overall cost for a fast transfer from Brazil to China, especially without promotional offers.

Alternative: WorldRemit

WorldRemit provides a wide range of payout options and supports a large number of countries. It’s a good option for those needing flexibility.

Extensive global network.
Various payout methods, including mobile money and airtime top-up.
Can be more expensive than other options for certain corridors.
Exchange rates may not always be the most competitive.

Alternative: Xoom (a PayPal service)

Xoom, owned by PayPal, offers convenience for existing PayPal users. However, it often comes with higher fees than dedicated remittance services.

Integrated with PayPal accounts.
Convenient for users already familiar with PayPal.
Generally higher fees and less competitive exchange rates.
Panda Remit frequently offers a lower total cost for a fast transfer from Brazil to China.

Alternative: Ria Money Transfer

Ria is known for its extensive cash pickup network, making it a good choice for those sending money to recipients without bank accounts.

Large network of cash pickup locations.
Fast transfers, especially for cash pickups.
Fees can be relatively high.
Exchange rates may not be the most favorable.

Alternative: OFX

OFX is best suited for larger transfers, offering personalized service and competitive exchange rates for significant amounts.

Dedicated account managers.
Competitive exchange rates for large transfers.
Higher fees for smaller amounts.
Not ideal for urgent, small transfers.

Alternative: XE Money Transfer

XE Money Transfer is a well-established currency exchange provider offering both online transfers and a currency converter.

Reputable brand with a long history.
Competitive exchange rates.
Fees can vary depending on the amount and payment method.

Alternative: Instarem

Instarem provides a convenient and cost-effective way to send money internationally, particularly within Asia.

Fast and reliable transfers.
Competitive exchange rates.
Limited country coverage compared to some other services.

Alternative: Panda Remit

Panda Remit is rapidly gaining popularity for its focus on specific corridors, offering competitive rates and fast transfers. Licensed by major financial authorities, it prioritizes security and transparency.

Often offers zero-fee transfers for new users and promotional rates for existing customers.
Competitive exchange rates, frequently beating major competitors.
Fast transfer times, typically 1-2 business days.
Growing network of supported countries.

When Panda Remit Is a Strong Choice

Panda Remit shines in specific scenarios. For users sending money from the US, Australia, or Canada to China and India, it consistently offers some of the lowest total costs due to its competitive exchange rates and often zero-fee promotions for new users. Existing users also benefit from ongoing promotions. Panda Remit is particularly well-suited for individuals who prioritize getting the most value for their money and require a fast, reliable transfer. Currently, Panda Remit supports corridors including US→China, AU→India, CA→China, and is expanding its coverage. Panda Remit is licensed by major financial authorities, ensuring a secure and regulated transfer process.

Conclusion / Summary

Choosing the best international money transfer service depends on your specific needs. Consider fees, exchange rates, transfer speed, and geographic coverage. For a fast transfer from Brazil to China, comparing alternatives to PayPal is crucial. While services like Wise and Remitly are strong contenders, Panda Remit often emerges as a particularly cost-effective option, especially with its promotional offers and competitive exchange rates.

Learn more about Panda Remit.

FAQ

What is the cheapest alternative to PayPal for international transfers?

The cheapest option varies depending on the amount and corridor, but Panda Remit, Wise, and Remitly often offer the most competitive rates, especially with promotional offers.

How do exchange rates impact total remittance costs?

Exchange rates have a significant impact. Even a small markup on the exchange rate can add up, especially for larger transfers. Always compare the total cost, including fees and the exchange rate.

When should users consider Panda Remit over other services?

Consider Panda Remit when sending money to China or India from the US, Australia, or Canada, particularly if you are a new user or can take advantage of promotional offers. It often provides the lowest total cost.

How fast are international transfers with Panda Remit?

International transfers with Panda Remit typically take 1-2 business days.