End the Fee Fiasco with Paysend International Money Transfers
People around the world are continuing to adjust to a new normal this year and recoup from hardships experienced in 2020. As we move forward and look to a more prosperous future, we all need to join forces as a community and lend support to those around us.
If you’re an immigrant, expat or traveler currently residing in the US, you can still lend a hand to friends and family in your home country through digital money transfers. When doing your part to support loved ones abroad, it’s important to consider your options so that your recipient is able to get the most out of your money transfers.
High Transfer Fees Persist in 2021
One thing to be on the lookout for while exploring your options are hidden fees often associated with traditional money transfer methods. In fact, on average, money transfer fees account for 7% of the total amount of money sent. That means if you send $100, your recipient only receives $93.
While that percentage may not seem like a lot at first – these fees may add up depending on how often you transfer money. For instance, a recent study estimated that consumers spend nearly $25 billion per year in transfer fees alone.
And with the impact of the pandemic, fees may increase. For example, from the start of 2020 to the second half of the year, the average cost of money transfers in Japan jumped from 9% to 10%. But marked by convenience, many consumers have reported their intent to use digital and contactless money transfer services post-COVID.
Reduce Fees with Paysend’s International Money Transfer App
Paysend continues to expand efforts to offer support for the millions of immigrants, expats and foreign exchange students living internationally. We’ve made it our mission to provide fast and affordable options for people to send money abroad to loved ones.
That’s why, unlike other transfer methods that charge a percentage of the money transferred, we charge a flat fee of just $2. Additionally, money transfers sent through Paysend arrive to your recipient in close to real-time. The only thing that may slow us down is your recipient’s bank processing time.
It’s time to end the fee fiasco many consumers may experience when transferring money internationally. Click here to use our price calculator to see how much money your recipient will receive when sending money abroad with Paysend.
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Sending money abroad should feel simple, but if your international transfer is delayed or not received, it’s natural to wonder what went wrong.
International money transfers can be delayed, held, or returned for several reasons, most commonly due to compliance checks, missing information, processing cut-off times, or intermediary bank reviews. Industry reporting suggests that while the majority of transfers complete successfully, a small but meaningful share requires manual handling or additional processing, which can cause delays.
It’s important to understand that international money transfers involve multiple institutions, compliance checks, and settlement systems. Because of this, delays or exceptions are not unusual and are typically linked to process or regulatory requirements rather than technical failures or user mistakes.
With that in mind, this guide explains why international transfers may not be received as expected, how often this happens and what you can realistically do next.
Following the earthquakes that struck Venezuela on 24 June 2026, Paysend is waiving its transfer fee on money sent to Venezuela for two weeks, from 25 June to July 9 2026, so you can support family and friends without paying a fee. Exchange rates apply as normal, and you'll always see the full cost before you send.
