Paysend Review — Fees, Rates and Pros & Cons
Card-to-card global money transfer with a flat fee — established player with strong CIS and emerging-markets coverage.
Read user reviews on TrustpilotNote on data: Paysend is not part of Wise's comparison API, so it doesn't appear in our live corridor comparison tables. This profile is based on publicly available information. For the current rate, check Paysend directly.
Money transfer operator
Founded
2017
Headquarters
London, UK
Status
Private (~$300M raised, Mastercard partnership)
Fee structure
Flat fee per transfer + small FX margin
Paysend charges a flat fee per transfer (typically £1–2 / $2 / €2) plus a small FX margin (~0.5–1%). The flat-fee structure scales well for larger transfers. Card-to-card option means recipients can receive directly to a debit card without a bank account.
Pros and cons
Pros
- Card-to-card delivery (recipient gets funds on their Visa/Mastercard debit)
- Flat fee scales well above $1,000 — competitive for medium amounts
- Strong CIS / Eastern Europe coverage (Russia historically, Ukraine, Belarus, Georgia, Kazakhstan)
- Send from 60+ countries to 170+ destinations
- Established 2017 with significant funding — not a new entrant
Cons
- Card-to-card has higher recipient-side eligibility requirements (Visa/Mastercard debit only)
- FX margin can be wider than Wise on major corridors
- Customer service reviews are mixed
- Russian/CIS corridors disrupted post-2022 sanctions
- Not in Wise's comparison API
Licenses and regulation
Paysend is regulated as a money services business or licensed bank in the following jurisdictions:
| Country / Region | Regulator |
|---|---|
| UK | FCA |
| EU | Bank of Lithuania |
| USA | FinCEN MSB + state licenses |
| Canada | FINTRAC |
Top corridors
Paysend is most competitive on these currency pairs:
Compare Paysend against others
Side-by-side fee, rate and recipient amount comparison with verdict from live Wise data.
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Frequently asked questions about Paysend
Profile based on publicly available company information. For pricing, KYC requirements and current promotions, always check Paysend's official site.