4 Common Money Transfer Misconceptions + The Best Way to Send Money Internationally
When you decide to transfer money to friends, family or loved ones abroad, there are generally a few aspects that you first need to consider.
Whether you send money internationally on a regular basis or are just getting started, there are some common misconceptions about international money transfers that Paysend wants to help you clear up.
4 of the biggest misconceptions surrounding international money transfers:
1. Money transfers are time-consuming.
There is a common misconception that transferring money online is a time-consuming process. If you need to send money overseas, money transfer services like Paysend have created an easy to use and simple method of selecting the amount and allowing you to update your bank details and confirm a transfer to friends, family or colleagues in just a few clicks.
2. Money transfers are only used to send funds to family and friends.
Yes, international money transfers are commonly made in support of loved ones and on special occasions. But money transfers are also used to help pay off mortgages and purchase products online.
Use Paysend to transfer funds when you buy and sell items from individuals, enjoying a much faster and hassle-free transfer method.
3. Banks have the cheapest money transfer rates.
We often assume that bank services and existing money movement systems are the best options to transfer money.
However, the research indicates that this is often not the case: there are more affordable and sustainable options, including money transfer platforms!
According to the World Bank, the average cost of transferring money abroad is around 7% of the money you wish to move. While this may not appear to be much, it does add up over multiple transfers.
Instead, Paysend charges a flat fee of $2 per transfer, no matter how much you send.
4. Money transfers take days to arrive.
Most digital money transfer methods are fast. The majority of Paysend transfers are completed in 15 seconds or less.
The Best Way to Send Money Internationally
Paysend is proud to share that we operate in over 91 countries worldwide, providing expert and reliable service to over 4 million customers, all putting their trust in us to provide them with over 40 fast and hassle-free payment solutions in over 78 currencies!
Visit the Paysend app* from the App Store or Google Play to begin transferring money internationally.
*Standard data rates from your wireless service provider may apply.
最新帖子
好消息——9月推荐奖励翻倍。整个2026年9月，你邀请的每位朋友加入 Paysend，都能为你带来$6，而不是平时的$3。多邀请几位朋友，本月你最多可以赚取$72，或当地货币的等值金额。
这就是你已经熟悉的推荐计划。只是到9月30日之前，奖励金额翻倍。以下是它的运作方式，以及如何充分利用这次优惠。
Sending money abroad shouldn't mean queuing in a bank branch and filling out forms with codes you may never have heard of. An international money transfer moves your money from your account, card, or wallet in the US to someone else's account, card, or wallet in another country, and, above all, it should be simple, transparent, and reliable enough that you don't have to think twice about it.
Whether you're supporting family back home, paying for something abroad, or sending a gift for a birthday you can't be there for in person, the reason you're sending matters more than the mechanics. If you're new to Paysend, your first transfer comes with zero fee and a special exchange rate, so more of what you send actually arrives, and we'll show you how to claim it.
