Paysend Extends International and Domestic Money Transfers with Visa Direct
Transferring money internationally can be riddled with challenges. For instance, slow transfer times, lack of security and inconvenient manual methods may make sending money difficult for many.
Here at Paysend, we’ve made it our mission to provide accessible and safe options for sending money abroad. To stay true to this, we’ve connected with a company that shares similar goals of enabling people around the world to send and receive international payments quickly and securely.
Through the implementation of Visa Direct, US customers are now able to perform cross-border money transfers to more countries than ever before.
Continue reading for more details about what this means for our customers in the US.
Using Paysend with Visa Direct for International Money Transfers
Through Visa Direct, Paysend users can send money from the US to eligible Visa cards in up to 107 countries including El Salvador, Dominican Republic and Honduras.
In addition to expanding international services, the implementation of Visa Direct makes it possible for US customers to send money domestically. Users living in the US can now send money anywhere within the states to eligible Visa cardholders.
Even with our extended network of available countries, transfers made through Paysend still cost a flat fee of just $2 and arrive with recipients in close to real-time.
Want to take advantage of our extended offerings and transfer money from the US with speed, safety and convenience? Get started today
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Here's the short answer: yes, you can use a credit card to get money into someone's bank account abroad. "Credit card to bank transfer" means exactly that — you fund the transfer with your credit card, and your recipient receives it in their bank account. Or on their card, in their wallet, or as cash to collect, depending on where they are.
The card and the bank account do different jobs. Your card pays for the transfer. A provider like Paysend then pays the money out through local systems on the other end. It's one flow, and it takes about a minute in the app.
One thing worth knowing before you start: a credit card is usually the most expensive way to fund a transfer. Some issuers treat it as a cash advance, and credit tends to carry higher payment fees than debit. You'll always see the full cost, exchange rate included, before you confirm anything. What follows is: the ways your money can arrive, what each one costs, how fast it gets there, and the cheaper routes worth checking first.
Ogni mese, migliaia di persone che lavorano nella Repubblica Ceca inviano una parte del proprio stipendio a casa; molti di loro sono cittadini ucraini che sostengono le proprie famiglie dall'altra parte del confine. E i metodi tradizionali rendono più complicato ciò che dovrebbe essere semplice: bonifici bancari che richiedono IBAN e codici SWIFT, commissioni che diventano visibili solo dopo l'invio del denaro e giorni di attesa mentre a casa qualcuno fa affidamento su quel trasferimento.
Pavel Štich aiuta da anni i suoi lettori a risolvere proprio questo problema. È cofondatore e caporedattore finanziario di Moneyo.cz, una piattaforma finanziaria ceca indipendente che mette a confronto servizi di trasferimento di denaro, broker e investimenti alternativi, oltre a essere Ambasciatore Paysend. Questo significa che prova personalmente ciò che consiglia, lo spiega in modo semplice e offre ai suoi lettori vantaggi esclusivi. Gli abbiamo chiesto come è nato Moneyo, chi sono i suoi lettori e perché ha scelto Paysend.
