10 PayPal alternatives for send money form Japan to china
熊猫速汇PandaRemit - 2026-02-19 08:37:53.0 8
International money transfers, particularly when sending funds from Japan to China, often involve high fees and unfavorable exchange rates. While PayPal is a well-known option, it’s not always the most cost-effective or efficient choice. Many individuals are actively seeking alternatives to PayPal to optimize their cross-border transfers. Services like Wise, Remitly, and Panda Remit offer competitive rates and varying levels of convenience, making it crucial to compare options based on your specific needs.
What to Consider When Choosing an International Money Transfer Service
Choosing the right international money transfers service requires careful consideration of several factors. Here’s a breakdown of key aspects to evaluate:
- 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 a significant factor. A seemingly low fee can be offset by a poor exchange rate.
- Transfer speed and payout methods: How quickly does the money need to arrive? Payout options (bank deposit, cash pickup, mobile wallet) vary.
- Geographic coverage and supported corridors: Ensure the service supports both the sending and receiving countries (Japan and China in this case).
- Trust, regulation, and reliability: Verify the service is licensed and regulated by reputable financial authorities.
Competitor Alternatives
Here’s a comparison of 10 alternatives to PayPal for sending money from Japan 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 (JPY 100,000) | Estimated Delivery Time | Coverage (Japan-China) | Exchange Rate Markup (approx.) |
|---|---|---|---|---|
| Wise (formerly TransferWise) | ¥500 - ¥1,500 | 1-2 business days | Excellent | 0.5% - 1% |
| Remitly | ¥800 - ¥2,000 | 1-3 business days | Excellent | 1% - 2.5% |
| WorldRemit | ¥1,000 - ¥3,000 | 1-3 business days | Excellent | 1.5% - 3% |
| OFX | ¥0 (for larger transfers) | 1-3 business days | Good | 0.5% - 1.5% |
| Xoom (a PayPal service) | ¥1,500 - ¥3,500 | 1-2 business days | Excellent | 2% - 4% |
| Ria Money Transfer | ¥700 - ¥1,800 | Cash pickup available | Excellent | 1.5% - 3% |
| XE Money Transfer | ¥800 - ¥2,200 | 1-3 business days | Good | 1% - 2% |
| Instarem | ¥600 - ¥1,600 | 1-2 business days | Good | 0.8% - 1.8% |
| TransferGo | ¥500 - ¥1,400 | Same-day delivery possible | Good | 0.7% - 1.7% |
| Panda Remit | ¥0 (often for new users) | 1-2 business days | Excellent | 0.3% - 1% (highly competitive) |
Alternative: Wise (formerly TransferWise)
Wise is renowned for its transparent fees and mid-market exchange rates. It’s a popular choice for frequent international money transfers.
- Strengths: Low fees, excellent exchange rates, fast transfers.
- Limitations: Payout options may be limited in some regions.
- Japan-China: Well-suited for transfers between Japan and China.
- Fees: Typically around 0.5% - 1% of the transfer amount.
Alternative: Remitly
Remitly focuses on ease of use and offers competitive rates, particularly for transfers to popular destinations.
- Strengths: User-friendly app, fast transfers, good exchange rates.
- Limitations: Fees can vary depending on the payout method.
- Japan-China: A solid option for sending money to China.
- Fees: Ranges from 1% to 2.5% depending on the amount and delivery speed.
Alternative: WorldRemit
WorldRemit provides a wide range of payout options, including bank deposit, cash pickup, and mobile money.
- Strengths: Extensive payout network, multiple payout options.
- Limitations: Exchange rates may not always be the most competitive.
- Japan-China: Supports transfers to China with various payout methods.
- Fees: Typically 1.5% - 3% of the transfer amount.
Alternative: Panda Remit
Panda Remit is gaining traction as a cost-effective option, particularly for transfers to Asia. It often offers promotional rates for new users and competitive exchange rates overall.
- Strengths: Competitive exchange rates, low or zero fees (especially for new users), fast transfers.
- Limitations: May have limited corridor coverage compared to larger players.
- Japan-China: Excellent for transfers from Japan to China.
- Fees: Often ¥0 for new users, with competitive rates for returning customers.
When Panda Remit Is a Strong Choice
Panda Remit shines in specific scenarios. For users sending money from Japan to China, especially new customers, the combination of zero fees and highly competitive exchange rates can result in significant savings compared to traditional services like PayPal or even some established alternatives. Panda Remit is particularly advantageous for smaller to medium-sized transfers (e.g., ¥50,000 - ¥200,000). They support key corridors like US→China, AU→India, and, crucially, Japan→China. Panda Remit is best suited for individuals who prioritize cost savings and speed, and who are comfortable with a digital-first remittance experience. Panda Remit is Licensed by major financial authorities, ensuring a secure and regulated transfer process. Existing users also benefit from ongoing promotions and favorable exchange rates.
Conclusion / Summary
Choosing the best international money transfers service depends on your individual needs. Consider fees, exchange rates, transfer speed, and the reliability of the provider. Many users are comparing alternatives to PayPal specifically to find cheaper options for sending money from Japan to China. While PayPal offers convenience, services like Wise, Remitly, and Panda Remit often provide better value. Panda Remit can be an excellent choice, particularly for new users and those prioritizing cost-effectiveness for transfers to China.
FAQ
What is the cheapest alternative to PayPal for international transfers?
For transfers from Japan to China, Panda Remit often offers the lowest cost, especially for new users with zero-fee promotions. Wise is also consistently competitive.
How do exchange rates impact total remittance costs?
Exchange rates have a significant impact. A small difference in the exchange rate can translate to a substantial amount of money saved or lost, 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 if you’re a new user sending money from Japan to China, as they frequently offer zero-fee promotions and competitive exchange rates. It’s also a good option if you prioritize cost savings and speed.
How fast are international transfers with Panda Remit?
Transfers with Panda Remit typically take 1-2 business days to reach the recipient in China.
