CurrencyFair vs Paysend
CurrencyFair
currencyfair.com
Paysend
paysend.comSide by side
| Figure | CurrencyFair | Paysend |
|---|---|---|
| Price from | €3/mo | — |
| Free plan | — | — |
| Free trial | — | — |
| Open source | — | — |
| Web | Yes | Yes |
| iOS | Yes | Yes |
| Android | Yes | Yes |
| API | Yes | Yes |
| Plans published | 3 | 3 |
| Spec score · Money Transfer Apps | 8.6 (#14) | 8.8 (#10) |
| Upfront fee display | Yes | Yes |
| Founded | 2010 | LinkedIn lists the company as founded in 2017. |
| Headquarters | Dublin, Ireland | Edinburgh, Scotland, United Kingdom |
| Mobile platforms | both | both |
| Transfer speed | Many international transfers are completed within 24 hours, and GBP Faster Payments can arrive within one hour with participating banks. | instant |
| Transfer tracking | Yes | Customers can track transfers, and the app provides notifications when money arrives. |
| What it does | CurrencyFair provides online cross-border payments and foreign-exchange services. | Paysend sends international transfers from a phone or web account to cards, bank accounts, digital wallets and, where available, cash pickup. |
Plans
CurrencyFair
- International transfer€3 a month
- Business account€3, paid once
- Personal account€3, paid once
Paysend
- Personal international transfer$1.99, paid once
- Enterprise Payout APIPriced on request
- International money transfersPrice not published
In their own words
CurrencyFair
CurrencyFair provides online cross-border payments and foreign-exchange services through web, iOS, Android, and an API for approved business and institutional partners. Users can send and receive money to and from more than 150 countries in more than 20 currencies, with bank recipients and same-day transfer speed listed. Quick Trade supports instant exchanges; Marketplace Trades let users set a desired rate and wait for a match. Users can also set rate alerts, track transfers, and schedule them. Business customers can pay overseas workers, suppliers, and contractors, or receive international payments. UK-based business customers can hold more than 20 currencies and convert when market conditions suit them. CurrencyFair lists a free plan. Charges include €3 a month for international transfers, billed at €3 or currency equivalent when sending or transferring out after exchange, plus an exchange margin. Personal and business accounts list a €3, paid once charge per send or transfer out after exchange. Identity verification is required and may involve identification and up to two proofs of address. The company is based in Dublin and was founded in 2010.