Paysend Review 2025: Fees, Exchange Rates, and Alternatives

Paysend has become one of the fastest-growing international money transfer platforms, with millions of users across more than 170 countries. Known for its card-to-card transfers, Paysend makes sending money abroad simple, quick, and low-cost. But how does it really compare with other money transfer services — and are there better alternatives?

This article explores Paysend’s features, fees, supported countries, and transfer speeds, while also introducing alternatives like Panda Remit that may offer lower costs and wider global coverage.

What is Paysend?

Founded in London in 2017, Paysend is a digital money transfer service with a focus on instant card-to-card payments. Instead of relying heavily on traditional bank transfers, Paysend lets users send money directly from one debit or credit card to another.

Key features:

• Coverage in 170+ countries

• Ability to send money from Visa, Mastercard, or local cards directly to recipients abroad

• Transparent, low fixed transfer fees (often £1 / €1 / $2 per transaction)

• Multi-currency support for global transfers

👉 This makes Paysend especially popular for expats and international workers sending money home quickly.

Is Paysend Safe?

Paysend is regulated by the UK Financial Conduct Authority (FCA) and complies with strict anti-money laundering (AML) requirements. Security measures include:

• End-to-end encryption

• Verified payment networks (Visa, Mastercard)

• Two-factor authentication

Users can be confident that transfers are protected by robust financial safeguards.

Fees and Exchange Rates

• Transfer fees: Fixed, usually £1 / €1 / $2 depending on the currency route.

• Exchange rate margin: Paysend adds a small markup on top of the mid-market rate, which can reduce the total received amount.

• Hidden fees: Generally transparent, though recipients may incur bank/card charges depending on their financial provider.

Panda Remit Comparison:

• Fixed low fees with many new user promotions (first transfer free)

• Diamond Rate exchange options, often closer to the real mid-market rate

• Transparent pricing — no hidden costs

• Wider support for bank accounts and mobile wallets, not just cards

👉 For users prioritizing lowest total cost, Panda Remit often comes out ahead.

Transfer Speed and Delivery Options

• Paysend:

  • Most transfers are instant or within minutes.

  • Works well for urgent transfers to supported countries.

• Panda Remit:

  • Also provides instant to same-day transfers, with strong global payout coverage.

  • Supports multiple delivery methods, including bank accounts and mobile wallets, offering more flexibility.

Countries Supported

• Paysend: Covers 170+ countries, one of the widest networks available.

• Panda Remit: Supports 40+ sending and receiving countries with strong corridors across Asia, Oceania, Europe, and North America.

👉 While Paysend has a wider geographic footprint, Panda Remit focuses on high-traffic remittance corridors with competitive rates, making it more cost-effective for frequent users.

Paysend vs Panda Remit at a Glance

Final Thoughts

Paysend is a strong option if you need instant card-to-card transfers across a large global network. Its fixed low fees and simple app make it easy to use, especially for quick personal payments.

However, for users who want lower costs, transparent exchange rates, and more payout flexibility, Panda Remit is an excellent alternative. With Diamond Rate exchange options, global coverage, and 24/7 customer service, Panda Remit stands out as a cost-efficient and user-friendly solution for international money transfers.

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