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How to send money from Benin to South Africa
Sending money from Benin to South Africa doesn’t have a huge amount of options. Because of this, we would recommend sending money via:
How to get the best deal on your Benin to South Africa transfer
Sending money from Benin to South Africa: key insights and tips
Don't settle for the first option. Always compare ways to send money from Benin to South Africa to find out about fees, speed, and reliability.
Your analysis should include all the providers that operate between Benin and South Africa. Through this, you get a comprehensive view of all the options you have in Benin when you need to send money to South Africa.
Cheapest way to send money from Benin to South Africa
Without any money transfer providers serving the Benin to South Africa route, the cheapest money transfer options are limited.
We would recommend using:
Understanding the costs involved when moving money from Benin to South Africa
When calculating the costs of money transfers between Benin and South Africa, here's what really matters:
The Mid-Market Rate: Today, the XOF-ZAR mid-market rate equals to 0.031224. Keep in mind that this rate fluctuates all the time.
The XOF-ZAR average exchange rate of the past three months has been 0.0309, with a highest of 0.0316 and a lowest of 0.0297.
Fees and Markups: When you pick a service with competitive exchange rates and low fees, you get to make the most out of your XOF to ZAR transfers. This strategy keeps your costs down, offering a smart way to handle your international transactions.
How to find the best exchange rate for CFA Franc BCEAO to Rand
Timing is essential sending money between XOF and ZAR. The exchange rate you secure impacts how much ZAR you get for your XOF.
Let's dive into some interesting recent trends.
Over the past six months, the exchange rate from XOF to ZAR has seen some fluctuation. On average, it stood at 0.0309.
During this period, the highest value recorded was 0.0316, while the lowest was 0.0297.
, which is our recommended service to send money online from Benin to South Africa offers an exchange rate that is only % above the mid-market rate.
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What payment methods are available when sending money from Benin to South Africa?
Sending bank transfers from Benin to South Africa
Bank transfers are the most common way of sending XOF to South Africa as they are secure, reliable, and convenient.
If you want to send CFA Franc BCEAOs to South Africa via bank transfer, has been the top rated provider in our comparison system for the last three months, recommended % of the time.
That’s because companies like bypass the SWIFT network and rely on their own digital network of banks, making transfers faster and cheaper. As an example, 's transaction fees for CFA Franc BCEAOs into South Africa have averaged at for the last three months. This is significantly lower than the fees charged by banks.
Sending money from Benin to South Africa by credit card
Credit card payments are quick, convenient, and typically more secure than other methods, thanks to backing by the issuing party. Some users may even be able to rack up reward points when making large transactions.
If you want to send CFA Franc BCEAOs to South Africa with a credit card, is your best option. They've been the top rated provider in our comparison system for the last three months, recommended % of the time.
Note: Beware of chargesCredit card payments are often classified as cash advances, which bring their own charges, as well as currency conversion and usage fees. Forgetting to pay your balance can also result in high interest charges, and can even damage your credit score.
Sending money from Benin to South Africa by payment apps
If you’d like to send money from Benin to South Africa via payment app, follow these steps:
Download the app and register. Download the app from the App Store or Google Play. You’ll need to register to be able to open an account. Make sure the app services transfers from Benin to South Africa.
Enter your details. Enter any of the details required. You may need a valid form of ID.
Start your transfer. Enter the details of your recipient. Some apps will require full payment details, while others allow you to pay with just an email address. You may need to state that you’re planning to send money to South Africa in Rand at this stage.
Check the details. It’s vital that you check the details you’ve added to make sure everything is correct. It can be very difficult to reverse a transfer, and most payment apps don’t let you cancel a transfer from Benin to South Africa after it’s been sent.
Send the money. Your app will probably charge a fee for the transfer. They may also add a markup to the XOF to ZAR exchange rate. Check the rate they’re offering against the mid-market rate to make sure you’re getting a good deal.
The current mid-market rate of XOF to ZAR is 0.031224
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between South Africa and Benin.
Our comparison engine and algorithms evaluate providers based on over 25 factors.
We also consider how these services are rated on platforms like TrustPilot, AppStore, and Google Play, giving you a comprehensive view of what to expect.
This thorough analysis helps you get the best available deal - every time you want to move money from Benin to South Africa .
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send XOF to ZAR.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.
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