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
Mga Pinakabagong Post
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.
Every month, thousands of people working in the Czech Republic send part of their payday home — many of them Ukrainians supporting family across the border. And the traditional route makes it harder than it should be: bank wires that ask for IBANs and SWIFT codes, fees that only show up after the money's gone, and days of waiting while someone at home is counting on it.
Pavel Štich has spent years helping his readers solve exactly that. He's Co-Founder and Lead Financial Editor at Moneyo.cz, an independent Czech platform that compares money transfer services, stock brokers, and alternative investments — and a Paysend Ambassador, which means he tests what he recommends, explains it plainly, and brings his readers reader-only perks. We asked him how Moneyo started, who reads it, and why he chose Paysend.
