Rest assured that the Federal remittance tax does not affect your Paysend transfers in any way.

What is remittance tax?

Federal remittance tax requires transfer services to collect 1% tax from money transfers made with cash or cash-like methods. This is part of the One, Big, Beautiful Bill Act, and it came into effect on January 1, 2026.

Paysend customers do not pay remittance tax

Since Paysend transfers are digital – i.e., not made with cash – you do not need to pay the tax when sending money through our service.