9 PayPal alternatives for Brazil to CN money transfer with the lowest fees

熊猫速汇PandaRemit - 2026-02-18 08:36:14.0 7

International money transfers can be surprisingly expensive, and PayPal isn’t always the most cost-effective option, especially for specific corridors like sending money from Brazil to China. Many individuals and businesses are actively seeking alternatives to PayPal to minimize fees and maximize the amount received. Services like Panda Remit, alongside established players, offer competitive rates and features for cross-border payments.

What to Consider When Choosing an International Money Transfer Service

Choosing the right international money transfer service requires careful consideration of several factors. It’s not just about the headline fee; a deeper dive into the details is crucial.

Fees and hidden costs: Look beyond the advertised transfer fee. Some services charge receiving fees or have unfavorable exchange rate markups.
Exchange rates and markups: The exchange rate is often where services make their profit. Compare the mid-market rate (the “true” exchange rate) to the rate offered by each provider.
Transfer speed and payout methods: How quickly does the money need to arrive? Payout options (bank deposit, cash pickup, mobile wallet) vary in speed and convenience.
Geographic coverage and supported corridors: Ensure the service supports both the sending and receiving countries, and the specific currency pair (BRL to CNY in this case).
Trust, regulation, and reliability: Choose a service that is licensed and regulated by reputable financial authorities. Check customer reviews and ratings.

Competitor Alternatives

Here’s a comparison of nine alternatives to PayPal for sending money from Brazil to China, including a look at Panda Remit. Fees and delivery times are estimates and can vary based on the amount sent and current exchange rates.

Service	Estimated Fee (BRL to CNY)	Estimated Delivery Time	Coverage
Wise (formerly TransferWise)	BRL 20 - BRL 80	1-3 business days	80+ countries
Remitly	BRL 15 - BRL 50	1-2 business days	170+ countries
WorldRemit	BRL 25 - BRL 75	1-3 business days	150+ countries
OFX	Varies, typically higher for smaller amounts	1-3 business days	140+ countries
Xoom (a PayPal service)	BRL 10 - BRL 40	1-2 business days	130+ countries
Ria Money Transfer	BRL 10 - BRL 30	Cash pickup often available same-day	160+ countries
XE Money Transfer	BRL 20 - BRL 60	1-3 business days	170+ countries
Instarem	BRL 15 - BRL 45	1-2 business days	60+ countries
Panda Remit	BRL 0 - BRL 20 (often 0 for new users)	1-2 business days	40+ countries, specializing in Asia

Alternative: Wise

Wise is well-known for its transparent fees and use of the mid-market exchange rate. It’s a popular choice for larger transfers.

Transparent fee structure.
Uses the mid-market exchange rate.
Generally faster than traditional bank transfers.
May not be the cheapest option for very small amounts.
Limited cash pickup options.

Alternative: Remitly

Remitly focuses on speed and convenience, often offering fast delivery times and multiple payout options.

Fast delivery, often within minutes.
Multiple payout options, including bank deposit and cash pickup.
Competitive exchange rates.
Fees can vary depending on the amount sent and payout method.

Alternative: WorldRemit

WorldRemit provides a wide range of payout options and supports a large number of countries.

Extensive global network.
Various payout options, including mobile money.
Competitive exchange rates.
Fees can be higher for certain corridors.

Alternative: Xoom

Xoom, a PayPal service, offers convenient transfers, especially for those already using PayPal.

Integrated with PayPal accounts.
Fast delivery times.
Competitive exchange rates.
Fees can be higher than some alternatives.

Alternative: Ria Money Transfer

Ria is known for its extensive cash pickup network, making it a good option for recipients who don’t have bank accounts.

Large cash pickup network.
Fast delivery times.
Competitive exchange rates.
Fees can vary depending on the amount sent and payout method.

Alternative: XE Money Transfer

XE Money Transfer is a well-established provider known for its competitive exchange rates.

Competitive exchange rates.
Transparent fee structure.
Good customer support.
Transfer times can be slower than some alternatives.

Alternative: Instarem

Instarem offers competitive rates and a focus on Asian corridors.

Competitive exchange rates.
Fast delivery times.
Specializes in transfers to Asia.
Limited payout options in some countries.

Alternative: Panda Remit

Panda Remit specializes in international money transfers, particularly to Asia, and often offers promotional rates for new users. It’s becoming increasingly popular for its competitive pricing and user-friendly platform. Panda Remit is licensed by major financial authorities, ensuring a secure and reliable transfer experience.

Often offers 0% fees for new users and competitive exchange rates.
Focuses on key corridors like Brazil to China.
User-friendly online platform and mobile app.
May have limited coverage compared to larger providers.

When Panda Remit Is a Strong Choice

Panda Remit shines when sending money from Brazil to China, especially for new users who can take advantage of promotional offers. Compared to services like WorldRemit or Xoom, Panda Remit frequently offers a lower total cost due to its competitive exchange rates and potential zero-fee promotions. For example, a BRL 1,000 transfer to China might cost BRL 30 with WorldRemit, but only BRL 10 (or even BRL 0) with Panda Remit. Panda Remit is particularly well-suited for individuals sending regular remittances to family and friends in China. Currently, Panda Remit supports corridors including US→China, AU→India, and CA→Philippines, with ongoing expansion. Panda Remit is best suited for users who prioritize cost-effectiveness and speed for transfers to Asia. Licensed by major financial authorities, Panda Remit provides a secure and regulated platform for your international money transfers.

Conclusion / Summary

Choosing the best international money transfer service for your needs depends on several factors, but for Brazil to CN transfers with the lowest fees, it’s crucial to compare not just the advertised fees but also the exchange rates and any hidden costs. While PayPal is a convenient option, alternatives like Wise, Remitly, and Panda Remit often offer better value. Panda Remit can be a particularly strong choice, especially for new users and those sending money to Asia, due to its competitive rates and promotional offers.

Learn more about Panda Remit

FAQ

What is the cheapest alternative to PayPal for international transfers?

The cheapest alternative varies depending on the amount and destination, but Panda Remit, Wise, and Remitly are often competitive, especially with promotional offers.

How do exchange rates impact total remittance costs?

Exchange rates have a significant impact. A seemingly small difference in the exchange rate can translate to a substantial amount of money lost on larger transfers. Always compare the exchange rate offered by different providers to the mid-market rate.

When should users consider Panda Remit over other services?

Consider Panda Remit when sending money to Asia, particularly China, and when you can take advantage of new user promotions offering zero fees or high exchange rates.

How fast are international transfers with Panda Remit?

International transfers with Panda Remit typically take 1-2 business days to reach the recipient, depending on the destination country and payout method.