‘Paysend’ Reviews Is it Safe? Technotok
Paysend is a global fintech company on a mission to change how money is moved around the world.
Invite your friends & get up to £12, 18€ or $24 for each of them in bonuses
Get started
Invite your friends
• Find your unique invite code in your profile on the Paysend Bonus page
• Share the code with your friends
• Your friends should make their first transfer using your invite code
• You can invite as many friends as you want
Click here to Register yourself on Paysend
Earn bonuses
• Receive bonuses for 12 successful transfers (starting with the second one) made by your friends. These 12 transfers may be made anytime within the first 12 months.
• You will receive £1, 1.50€, $2 or 49 RUB per each transfer in bonuses (or a similar amount depending on your Paysend registration country), regardless of the frequency and the destination of your friends transfers: they may be local or international.
• Your Paysend Bonus balance will be topped up with bonuses
• 1 bonus = £1, 1€, $1, 1 RUB (or a similar amount depending on your Paysend registration country)
Benefit your friends
• Each of your invited friends who uses the invite code when making a transfer, will get a fee waiver (for their first successful transfer)
• Each of your friends will get access to instant transfers at a favorable exchange rate
• Each of your friends will be able to invite their own friends and receive Paysend bonuses
Spend bonuses
• Bonuses can be transferred without any fees to a bank card denominated in ruble, pound, euro or another currency depending on your Paysend registration country. The minimum transfer amount is £5, 5€, $5 or 99 RUB (the minimal amount in other currencies depends on your Paysend registration country).
• Paysend customer can use bonuses to send transfers only to bank cards issued in their registration country
• Also, Russian customers can top up their cellphones using bonuses. The minimum top-up amount is 49 RUB.
• Bonuses have no expiration date
• Currently, all Paysend customers can participate in the Paysend Bonus loyalty program, except customers from Moldova, Ukraine, Belarus, China, Armenia, Nigeria and Kazakhstan
Is Paysend Safe
Paysend products and services include:
Money transfer services
A global current account (beta)
Fees & Commissions
Paysend charges fixed fees
Supported Currencies
Paysend enable customers to send and receive money from a wide variety of countries. If you are from India then you can only receive or request money but you can not transfer the money.
Single Currency Transactions
Paysend supports single currency transactions. For example, someone in Germany can send euros to someone in France.
Transfer Limits
With Paysend , you can send up to £800, €1,000 or $1,000 per six months without providing any additional documentation. These limits can be increased upon submission of the required documents including (but not limited to) a proof of ID and a proof of address.
Paysend is legit and offers an innovative method to transfer money, that is, card-to-card transfers. Users can send and receive money via Visa, Mastercard, and UnionPay in China. Its processes differ from most providers because it doesn’t require banks to be a part of transactions. On the other hand, Paysend isn’t that unique. Azimo, Remitly, Xoom, and other providers charge low fixed fees as well.
Paysend is slightly misleading about its exchange rates. On the help page, one line reads, “Our rates are as close as possible to the mid-market exchange rate – giving you more and saving your hard-earned money.” On the same page, another line reads, “We use a mid-market exchange rate cutting out all intermediaries and providing the best possible value for our customers.” A company either transacts at mid-market rates or it doesn’t (Paysend does not).
