There are many provider to choose from when sending money abroad. Sometimes it is difficult to make a decision. Thats why we've decided to create WorldRemit review to answer all the questions you might have.
While they don’t offer the best pricing, they offer a reliable service that can reach most corners of the world. We've reviewed WorldRemit’s customer support and it is well-regarded, but customer satisfaction is not their strongest feature. On the other hand, our thorough WorldRemit review has shown that they offer many great options for completing money transfers. This can be great in many cases, as they can accommodate many people’s specific money transfer needs. Continue reading our WorldRemit reviews to find answers to all your questions.
What are their exchange rates?
We've reviewed WorldRemit’s exchange rates and they depend heavily on the transfer method you choose. Other factors that influence both their fees and their margins are the currency you’re sending and the destination country.
Transfers through WorldRemit are locked in advance, so you always know how much the recipient will receive.
What WorldRemit costs to use?
We have looked over the costs to include in our WorldRemit review. The cost of using WorldRemit changes based on several factors, but their rates are consistently high. Let’s imagine you need to send money from the US to India, for example.
|Money Sent (USD)||Money Received (INR)||Midmarket Rate|
*These rates are only applicable at the time of writing this review and are subject to change at any time.
How do I transfer money with them?
For the purposes of simplicity of WorldRemit review, we will explain its simplest transfer method: online. First, you need to register an account with them on their site. Once you’ve done this, you can use the resources on their website to send money.
To send money, you just use their drop-down menus to select the currency you’re sending and the destination country. After you decide how much you need to send, you need to enter the recipient’s details. Selecting a recipient after you’ve transferred money to them before is incredibly easy.
After you’ve completed all of these steps, you just need to pay WorldRemit for the transfer. After that, your job is over and theirs begins. Transfers through WorldRemit typically take 3-5 business days to be completed.
What other products do they offer?
WorldRemit focusses on money transfers exclusively. That being said, they do have a wide variety of options you can choose from in order to send money abroad. Like Western Union, they offer cash pickups as well as bank transfers. Their other options include mobile money transfers, airtime top-ups, and transfers to a pre-paid card.
All things considered in this WorldRemit review, we believe it is a great way to regularly send small amounts of money.