Yes, There Are Alternatives to PayPal, Western Union or Walmart for Your International Money Transfer
When it comes to international money transfers, many people default to widely recognized platforms like PayPal, Western Union, or even Walmart. (The latter actually utilizes the infrastructure of MoneyGram or Ria, coupled with the convenience of in-store access, but that's a tale for another time) The key takeaway is, there are other viable alternatives that could better cater to your transfer needs.
TL;DR:
- Established platforms like PayPal, Western Union, or Walmart may or may not provide the best rates for international money transfers. (Helpful, right?)
- Lesser-known providers often deliver better rates, as illustrated on Sendrater’s weekly leaderboard.
- Engaging in regular rate comparisons ensures you secure the most cost-effective transfers.
At SendRater, we aim to bridge the information gap by offering near real-time comparisons of the best international money-saving rates, accommodating both individuals and businesses. Although some popular platforms like Wise earn our nod of approval, others like PayPal, may not always offer the most favourable rates and fees.
Our weekly leaderboard vividly demonstrates the potential savings when sending money from the USA to Nigeria for instance. A cursory look reveals that the top 3 rates often hail from less conspicuous providers. These smaller entities typically offer better rates by trimming substantial expenses like marketing, extensive teams, or other operational overheads, passing the savings onto you.
Identify Your Needs
- Ascertain the amount, frequency, and destination of your transfers.
- Pinpoint what matters most: low fees, favourable exchange rates, or swift transfers?
Explore Other Platforms
- Delve into alternatives like LemFi, Wise, Revolut, TapTapSend, Sendwave and Atlantic
- Employ Sendrater to discover and compare a plethora of providers.
Compare Rates Regularly
- Reference our leaderboard for swift comparisons.
- Remain vigilant about hidden fees that could impact the total cost.
Ensure Security and Support:
- Opt for platforms with stringent security protocols.
- Look for reliable customer support to ensure a seamless transfer experience.
Action Plan:
- Define Your Needs: Uncover the specifics of your money transfer requisites.
- Explore Alternatives: Venture beyond the usual suspects like PayPal, and compare offerings from other platforms.
- Regular Rate Check: Habitually check SendRater’s leaderboard to stay apprised of the best rates available.
- Security Verification: Confirm the platforms you use have robust security measures and reliable customer support.
Ready to find more competitive providers? Explore the latest on our comparison tool.