"Over 16 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."
"Over 16 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."
"Moneygram is a well established service with over 80 years in the sector. They support over 200 countries worldwide and have over 440,000 retail locations."
Overall best way: Wise
We tested & reviewed 4 transfer providers, and Wise scored highly.
In the last six months, Wise appeared in 97.9% of United States to Venezuela searches, and was the top rated company supporting payments the United States into Bolivar.
So for a great mix of cost, speed & features, make your United States to Venezuela transfer using Wise.
How to compare deals on your United States to Venezuela transfer
Considerations for sending money from United States to Venezuela
Always compare ways to send money from the United States to Venezuela to get the best options for fees, speed, and reliability.
Our analysis included 4 providers that operate between United States and Venezuela.
Through this, you get a comprehensive view of all the options you have in the United States when you need to send money to Venezuela.
Cheapest way to send money from the United States to Venezuela: Ria Money Transfer
Data collected for transfers between the United States and Venezuela over the past six months shows that Ria Money Transfer is 0% cheaper than the second-best option.
This cost combines an average exchange rate between the US Dollar and Bolivar that is 2.8% different to the mid-market rate and an average fee of 38.46* USD.
*The most common fee applied to USD-VES by Ria Money Transfer, based on data from the past six months.
Fastest way to send money to Venezuela from the United States: MoneyGram
Our comparison shows MoneyGram is the fastest option for sending US Dollar into Bolivar 52.6% of the time. For urgent USD to VES money transfers, they’re our recommended choice.
A USD-Bolivar transfer through MoneyGram comes with an average 11.13 USD fee.
To ensure MoneyGram was the 'fastest' option we compared 4 providers. This comparison was for overall speed of sending money from the United States to Venezuela and is a combination of depositing US Dollar, transfer times to Venezuela and withdrawal timeframes where applicable.
When speed is a priority, MoneyGram is the top choice for sending into Venezuela from the United States.
Send large sums of money
From the 4 options we compared, Wise offers the strongest all round option for large transfers to Venezuela from the United States.
Whatever the reason, sending large sums of money can be expensive if you get a bad exchange rate from Bolivars to Bolivar.
As such, we recommend Wise for large transfers between Venezuela and the United States.
Understanding the costs involved when moving money from United States to Venezuela
The total cost of sending money to Venezuela from the United States is a mix of the mid-market, exchange rates and transfer fees.
The Mid-Market and Exchange Rates: The mid-market for USD-VES is 50.8883 VES per US Dollar.
Using a transfer company with an exchange rate as close to the mid-market rate as possible will result in being able to buy more Bolivar for your US Dollars.
The USD-VES mid-market rate over the last three months has seen the US Dollar worth an average 39.1051 VES. Within this there has been a high of 50.8911, and a low of 31.4871.
From 4 companies compared, Wise offers the strongest exchange rates.
The biggest factor in the overall cost of sending money is the exchange rate you receive on converting USD to VES.
Fees: When sending money there may be additional fees. Wise offers the lowest fee of the 4 providers tested, averaging 38.46 USD per transfer over the last 6 months.
Amount Received: When comparing providers, the best measure is the amount of Bolivar eventually received in Venezuela.
This number should allow you to determine if you are getting a good deal. A higher amount of money received in Venezuela, means a better overall cost of sending money from the United States.
How to find the best exchange rate for US Dollar to Bolivar
Timing is essential for sending money between USD and VES. The exchange rate you secure impacts how much VES you get for your USD.
Let's dive into some interesting recent trends.
Over the past six months, the exchange rate from USD to VES has seen some fluctuation. On average, it stood at 39.1051.
During this period, the highest value recorded was 50.8911, while the lowest was 31.4871.
Wise, which is our recommended service to send money online from United States to Venezuela offers an exchange rate that is only 0.17% above the mid-market rate.
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United States to Venezuela money transfer payment methods
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between Venezuela and United States.
Our comparison engine and algorithms evaluate providers based on over 25 factors, including transfer fees, ease of use, exchange rates, mobile apps, transfer times & customer support.
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 United States to Venezuela.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send USD to VES.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.