WorldRemit Review: Send Money Worldwide



WorldRemit Review: Send Money Worldwide

WorldRemit has an excellent network of supported countries, although some of its competitors have gone even further. However, WorldRemit's transaction fees and exchange rates are some of the best out there. In addition, the service shows you the relevant fees or rates in advance, even if you have not signed up for an account. This allows users to easily compare WorldRemit with many other money transfer services.

Of course, the review shows that using WorldRemit has its drawbacks. For example, the platform does not support cash payments, unlike some of its competitors. However, it does offer cash as a shipping option to a surprising number of countries around the world.

Another thing that sets WorldRemit apart is the variety of delivery methods such as mobile top-up, door-to-door cash delivery, and bill payment. It should be noted that some of these are only available in some countries.

What is WorldRemit?

WorldRemit is a popular money transfer service that allows you to send money to people from all over the world. The platform currently has over 4 million active users and enjoys overwhelmingly positive reviews. People love WorldRemit for its user-friendly, easy-to-use interface, as well as its low taxes and fair exchange rate.

WorldRemit's availability makes it an obvious favorite for many users around the world. The platform is available both for a desktop computer and as a mobile application, which allows you to send money at any time. Since most transactions are completely online, transfer rates are generally excellent and fees are kept to a minimum.

What is the WorldRemit fee for sending money?

Transfer fees and exchange rates at WorldRemit vary based on several factors. Here are the criteria that determine how much your WorldRemit translation costs will be.

Amount - Commission for most countries will be $ 3.99 per transaction. However, in some countries, the commission will depend on the amount you send.

Country combination - fees will vary depending on the country you are shipping from and the country you are shipping to. Even if they share the same currency, you can get a higher commission as the exchange rate can vary depending on location.

Shipping Method - WorldRemit fees also depend on the shipping method you choose. For example, sending to a bank account will generally require lower fees, while choosing to receive cash will result in higher costs.

Other fees

Fortunately, our review confirmed that WorldRemit has no other fees other than the ones we reviewed above. However, if you are using a credit card as your payment method, your bank will charge an additional fee for this service.

Also, if you are using the airtime top-up method, you should be aware that some countries have taxes that reduce the airtime your recipient receives. WorldRemit will alert you if one of these two situations plays out so you can avoid unwanted commissions.

WorldRemit transfer speed

When it comes to WorldRemit money transfer services, transaction speed is one of the main factors that you should consider. WorldRemit does not disappoint in this category as its speed meets all industry standards. Of course, it all depends on the delivery method for a particular transaction.

  1. Mobile money takes minutes.
  2. Bank transfers can be slightly slower, ranging from a few minutes to five business days.
  3. Home delivery is the slowest option and can take anywhere from one to seven business days.

WorldRemit service quality

WorldRemit currently supports sending money from 56 countries around the world. The service allows users to send cash in 90 currencies to a whopping 150 countries. When it comes to shipping options, it all depends on the combination of countries you choose. Standard options include bank accounts, cash collection at agent locations, and door-to-door delivery.

However, over 30% of all transactions made through WorldRemit end up in a mobile wallet. The company claims to be the leading provider of mobile payments in the world, and you have no reason to dispute that. Another popular delivery option is airtime replenishment - especially useful for migrants who send money to their families back home.

We have to point out in the review that WorldRemit has a lot to choose from when it comes to payment methods. This variety will certainly be appreciated by users who are picky about this aspect of the money transfer service.

WorldRemit Trust and Security

WorldRemit is a service authorized and regulated by several government agencies around the world. Thus, it complies with all standards and practices when it comes to safety. On top of that, there is additional protection against payment channels that the platform uses.

WorldRemit uses machine learning and artificial intelligence to track every transaction for violations. Any suspicious activity is then referred to a security specialist who will carefully review it. If you have any problems using the service, you can contact support by phone, email or chat. Support services are available 24/7.

WorldRemit Customer Satisfaction

WorldRemit has a lot of positive reviews on the Internet. Most users are happy with what WorldRemit has to offer, including high transfer rates, low fees and excellent coverage. However, some users complain about delayed returns or even refunds that weren't delivered at all. On top of that, there are tons of reviews that mention inadequate customer service.

The advantages of the service, according to users:

WorldRemit has many features that are not usually available on other money transfer platforms. Although some have them, they have different names, so a normal user will not be able to establish a connection initially. Below we highlight three rather unique features that WorldRemit users can use.

WorldRemit Mobile Money - Mobile money is a service that allows you to store, withdraw and send funds through your mobile devices. This is a type of e-wallet. It is especially useful for people who do not have a bank account or who do not want to deal with banks in general. Mobile money can be used to pay utility bills or shop purchases. The service is available in more than 80 countries around the world.

WorldRemit Wallet - The platform also offers a standard e-wallet that allows you to simply store money without using a bank. It works in much the same way as all other e-wallets and is included in the WorldRemit mobile app. At the time of writing this review, only US dollars, Central African francs, Ugandan shillings, and Philippine pesos are supported.

What do you need to send money using WorldRemit?

To start using WorldRemit, you need to enter and verify some personal information. This is not surprising as the remittance industry takes security very seriously. Here is a list of everything you need to send money via WorldRemit:

Create a WorldRemit account.

  1. It is easy, convenient and in minutes to create an account on the platform.
  2. Confirm your payment method.
  3. You have several options to choose from, including debit / credit, bank transfers, prepaid cards, Apple Pay, and more.

Enter recipient information

To send money to someone, you will need their full name, contact information, and bank account information (if you are using this shipping option).

Identification

For security reasons, you need to verify your identity before you can use the WorldRemit experience. The platform needs your full name, date of birth, photo, and more. If you are located in the United States, a state ID is only acceptable if you intend to send money from the same state.

How to get paid with WorldRemit?

Once again, the way you can get the money sent by WorldRemit depends on the location you are currently working in. Below you will find out about all the methods of receiving money supported by WorldRemit.

Bank transfer

You can receive money directly into your bank account. Check with your bank if additional fees may apply before accepting such a transaction.

Airtime replenishment

The last way you can get money through WorldRemit is to have it deposited right on your telecommunications network, essentially covering your phone bills.

Mobile money

You can also receive money directly to your mobile wallet.

Cash withdrawal

Another way you can get money through WorldRemit is to have the sender transfer them to one of the company's service points.

Door-to-door delivery

If you want your cash to be delivered straight to you, WorldRemit gives you that option. You need to provide a valid ID that matches the information provided by the sender.

Does WorldRemit have a mobile app?

If you want to use WorldRemit on the go, you can do so through your own mobile app. It is available for iOS and Android and offers pretty much the same features as the desktop version of the platform. Here are some of the standout features of the WorldRemit mobile app.

Fast repeat payments

This allows the recipient's contact information to be saved, making future transfers faster and easier.

Continuous monitoring

The application allows you to track certain currency pairs and send money when the exchange rate reaches a certain mark.

Real time monitoring

You can track the status of your transactions in real time.

Support

Customer support is available via the app, live chat, email, or phone.

Summary:

Overall, the WorldRemit app is a great example of how money transfer services should make their services available on mobile devices.

★★★★☆ WorldRemit Review: Send Money Worldwide WorldRemit is a popular money transfer service that allows you to send money to people from all over the world. The platform currently has over 4 million active users and enjoys overwhelmingly positive reviews. People love WorldRemit for its user-friendly, easy-to-use interface, as well as its low taxes and fair exchange rate. WorldRemit's availability makes it an obvious favorite for many users around the world. The platform is available both for a desktop computer and as a mobile application, which allows you to send money at any time. Since most transactions are completely online, transfer rates are generally excellent and fees are kept to a minimum.



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