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The traditional cross-border payments market has been defined by long settlement periods, high transaction costs, and limited accessibility to international endpoints. As successful businesses expand internationally and start operating across multiple jurisdictions, they have historically faced significant payments paint points – including cross-currency risk exposures, significant hidden costs, and delays in receiving funds.
Paysend allows customers to receive money quickly, securely and more conveniently than ever from peers and colleagues, friends and family in 50+ countries, including the UK, North America and across Europe.
The request money feature enables users to submit transfer requests directly online or via the Paysend app.
With no need to forward your card details, your sender will automatically be able to transfer funds to you by clicking on the link sent and confirming the amount to be moved directly to your card.
Millions of people use Paysend to send, receive and request money at any time and with anyone worldwide.
With features such as low fixed fees on money transfers, competitive exchange rates, and the ability to receive instant international payments, Paysend is changing how communities globally manage their money internationally.
Paysend, the UK-based fintech with over 7 million customers, today announces the launch of Instant Account Payments, that give consumers and businesses the ability to send instant cross-border payments of up to $100,000 to accounts for just $1 per payment. Users can quickly connect to Paysend’s global payments network and instantly and cost-effectively send funds to 25 countries and currencies seven days per week, 365 days per year.
