dLocal vs PandaRemit: Fees, Rates, Speed & Coverage

Introduction

Cross-border payments and international remittances are increasingly important in today’s global economy. Platforms like dLocal and PandaRemit provide digital solutions for sending and receiving money internationally. dLocal is known as a payment processing provider focusing on emerging markets, while PandaRemit specializes in low-cost, fast personal remittances. This article compares dLocal vs PandaRemit across fees, rates, speed, coverage, and safety to help you decide which suits your needs. To better understand the concept of remittances, check Wikipedia.

Fees and Costs

• dLocal: Primarily designed for businesses, its pricing depends on transaction volume and agreements. Individual senders may face higher costs compared to consumer-focused platforms.

• PandaRemit: Offers transparent, low-cost transfers with frequent free-fee promotions, making it ideal for personal use.

Exchange Rates

• dLocal: Exchange rates are not its main focus; as a payment processor, rates may include extra margins for certain corridors.

• PandaRemit: Known for offering rates close to the mid-market value, giving recipients more money per transfer.

Speed and Convenience

• dLocal: Settlement times vary, often taking 1–3 business days depending on payment channels.

• PandaRemit: Many transfers complete in minutes or hours, especially for bank deposits and mobile wallets.

Both platforms offer digital-first services, but PandaRemit’s mobile app is tailored for individuals seeking a quick and simple transfer process.

Safety and Security

• dLocal: Licensed in multiple jurisdictions, with robust compliance frameworks suitable for large-scale corporate payments.

• PandaRemit: Implements multi-layer encryption, fraud prevention, and complies with strict international money transfer regulations.

For more details on consumer financial protection, visit ConsumerFinance.gov.

Global Coverage

• dLocal: Operates in over 40 emerging markets, mainly enabling merchants to collect payments from local customers.

• PandaRemit: Covers more than 40 countries for personal remittances, offering payout options such as bank transfers, e-wallets, and cash pickups.

Comparison Table

• dLocal official site: https://www.dlocal.com

• PandaRemit official site: https://www.pandaremit.com

Which One Is Better?

The choice depends on your purpose. If you are a business looking to collect or process payments in emerging markets, dLocal is a strong option. However, if your goal is sending personal remittances, PandaRemit is generally better due to its lower fees, faster transfers, and user-friendly experience.

Conclusion

Both dLocal vs PandaRemit serve the international payments industry but in different ways. dLocal focuses on B2B payment processing, while PandaRemit is designed for individuals sending money abroad. For most personal users seeking affordable, fast, and secure remittances, PandaRemit provides a more convenient solution.