10 PayPal alternatives for Cheapest way to send money from Japan to China

熊猫速汇PandaRemit - 2026-02-19 08:57:45.0 7

International money transfers can be surprisingly expensive, and while PayPal is a well-known option, it’s often not the cheapest way to send money from Japan to China. Many alternatives offer better exchange rates, lower fees, and faster transfer times. Services like Wise, Remitly, and even Panda Remit provide competitive options for those looking to maximize their money when sending funds abroad.

What to Consider When Choosing an International Money Transfer Service

Choosing the right international money transfer service requires careful consideration. Several factors can significantly impact the overall cost and convenience of sending money. Here’s a breakdown of key aspects to evaluate:

Fees and hidden costs: Look beyond the advertised “zero fee” offers. Many services make their money through less favorable exchange rates or hidden charges.
Exchange rates and markups: The exchange rate is crucial. A small difference can add up, especially for larger amounts. Understand the markup applied by the service.
Transfer speed and payout methods: How quickly does the money need to arrive? Consider payout options – bank deposit, cash pickup, mobile wallet, etc.
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: Choose a service that is licensed and regulated by reputable financial authorities. Check user reviews and ratings.

Competitor Alternatives

Here’s a comparison of ten alternatives to PayPal for international money transfers, focusing on the Japan to China corridor. This includes a look at Panda Remit alongside other popular options.

Service	Typical Fee (JPY 100,000 to CNY)	Estimated Delivery Time	Coverage
Wise (formerly TransferWise)	~JPY 500 - JPY 1,500	1-2 business days	80+ countries
Remitly	~JPY 800 - JPY 2,000	1-3 business days	170+ countries
WorldRemit	~JPY 1,000 - JPY 2,500	1-3 business days	150+ countries
OFX	~JPY 0 (larger transfers)	1-3 business days	140+ countries
Xoom (a PayPal service)	~JPY 1,200 - JPY 3,000	1-2 business days	130+ countries
Ria Money Transfer	~JPY 700 - JPY 1,800	Cash pickup often available same day	160+ countries
XE Money Transfer	~JPY 600 - JPY 1,600	1-3 business days	170+ countries
Instarem	~JPY 500 - JPY 1,200	1-2 business days	60+ countries
TransferGo	~JPY 0 - JPY 800	Same day - 1 business day	150+ countries
Panda Remit	~JPY 0 - JPY 500 (often 0 for new users)	1-2 business days	40+ countries (strong focus on Asia)

Alternative: Wise (formerly TransferWise)

Wise is renowned for its transparency and mid-market exchange rates. It’s a popular choice for sending larger amounts of money.

Strengths: Excellent exchange rates, low fees, fast transfers.
Limitations: Can be less competitive for very small amounts.
Japan to China: A strong contender for cost-effective transfers.
Fees: Typically around JPY 500-JPY 1,500 for JPY 100,000.

Alternative: Remitly

Remitly focuses on ease of use and offers various payout options, including cash pickup.

Strengths: User-friendly app, multiple payout options, promotional rates for new users.
Limitations: Exchange rates may not always be the best.
Japan to China: Good for those needing quick access to cash.
Fees: Around JPY 800-JPY 2,000 for JPY 100,000.

Alternative: WorldRemit

WorldRemit provides a wide network and supports numerous payout methods.

Strengths: Extensive coverage, flexible payout options.
Limitations: Fees can be higher than some competitors.
Japan to China: Suitable for diverse recipient needs.
Fees: Approximately JPY 1,000-JPY 2,500 for JPY 100,000.

Alternative: Panda Remit

Panda Remit specializes in Asian corridors, often offering competitive rates and zero-fee promotions, particularly for new users. It’s gaining popularity for transfers to China.

Strengths: Competitive exchange rates, frequent zero-fee promotions, fast transfers to Asia.
Limitations: Fewer supported countries compared to global giants.
Japan to China: A very strong option, especially with promotions.
Fees: Often JPY 0 for new users, typically JPY 0-JPY 500 otherwise.

When Panda Remit Is a Strong Choice

Panda Remit shines in specific scenarios. If you’re sending money from Japan to China, and especially if you’re a new user, the frequent zero-fee promotions and competitive exchange rates can result in significant savings. For example, a new user sending JPY 100,000 might avoid all fees with Panda Remit, while other services could charge JPY 800-JPY 2,000. Panda Remit is particularly well-suited for individuals sending regular remittances to family and friends in China. They support key corridors like US→China, AU→India, and, importantly, Japan→China. Panda Remit is Licensed by major financial authorities, ensuring a secure and reliable transfer process. The platform also often provides higher exchange rates for new users, making it an attractive option for first-time customers.

Conclusion / Summary

Choosing the cheapest way to send money from Japan to China requires comparing fees, exchange rates, and transfer speeds. While PayPal is convenient, alternatives like Wise, Remitly, and Panda Remit often offer better value. Panda Remit stands out as a particularly strong choice, especially for new users benefiting from promotional offers and those prioritizing transfers to Asian countries. Consider your specific needs – speed, amount, and recipient preferences – to make the most informed decision.

Learn more about Panda Remit.

FAQ

What is the cheapest alternative to PayPal for international transfers?

It varies, but Panda Remit, Wise, and TransferGo are often cheaper than PayPal, especially with promotions or for larger amounts. Comparing rates is crucial.

How do exchange rates impact total remittance costs?

Exchange rates have a significant impact. A seemingly small difference in the rate can translate to a substantial loss (or gain) on your transfer amount.

When should users consider Panda Remit over other services?

Consider Panda Remit if you’re sending money to Asia, especially China, and if you’re a new user who can benefit from their zero-fee promotions and competitive exchange rates.