Panda Remit vs Wise
Panda Remit
pandaremit.com
Wise
wise.comSide by side
| Figure | Panda Remit | Wise |
|---|---|---|
| Price from | $6.99/mo | Free |
| Free plan | Yes | Yes |
| Free trial | — | — |
| Open source | — | — |
| Web | Yes | Yes |
| iOS | Yes | Yes |
| Android | Yes | Yes |
| Plans published | 4 | 1 |
| Spec score · Money Transfer Apps | 9.0 (#4) | 8.9 (#5) |
| Exchange rates | The service advertises real-time exchange rates and compares historical rates with banks. | Wise says it uses the mid-market exchange rate and shows fees upfront. |
| Exchange-rate model | variable | mid_market |
| Upfront fee display | Yes | Yes |
| Free plan | No | Yes |
| Headquarters | Singapore | London, United Kingdom |
| Mobile platforms | both | The Wise app is available for iOS through the Apple App Store and for Android through Google Play. |
| Purpose | Panda Remit provides online international money transfers to more than 40 countries and regions. | The Wise app lets people send money, receive payments from abroad, check exchange rates, pay bills, and send money to loved ones. |
| Scheduled transfers | No | Yes |
| Support | The site lists 24/7 customer service and the email [email protected]. | Wise says its customer support is available by email, live chat, and phone, 24/7 in English and in 14 other languages. |
| Transfer speed | instant | On many popular routes, transfers can arrive within one day, the same day, or instantly. |
| Transfer tracking | Yes | The app shows the list and current status of transfers users have set up. |
Plans
Panda Remit
- Transfer fee$6.99 a month
- Free accountFree
- Australia global transferA$5.99, paid once
- United States global transfer$6.99, paid once
In their own words
Panda Remit
Panda Remit provides online international money transfers to more than 40 countries and regions, with transfers to Mainland China available from more than 30 countries and regions. It advertises real-time exchange rates and comparisons with historical bank rates; its exchange-rate model is variable. The shortest stated arrival time is 2 minutes, though reviews, available funds and account limits, bank hours, time zones, holidays, and receiving-agent hours can affect timing. Users can track funds at each stage. Payment methods depend on the sending country: Australia supports PayID, POLi, and bank transfer, while the United States supports ACH bank transfer and debit card. Recipients in Mainland China can receive Australia transfers through Alipay, Weixin, or bank accounts. The service is for transfers between individuals and does not support business-account transfers. It is available on Android, iOS, and web. A free account is listed at free. United States global transfers are listed at $6.99, paid once, and Australia global transfers at A$5.99, paid once; fees may vary by sending amount and destination.
Wise
Wise is a money app for sending money, receiving payments from abroad, checking exchange rates, paying bills, and sending money to loved ones. It sends to bank accounts in over 140 countries; delivery on many popular routes is within a day, the same day, or instant. Wise says it uses the mid-market exchange rate and displays fees before payment. Signing up is free, with no subscription; sending and conversion fees vary by currency and start from 0.33%. Sending to another Wise account has no sending fee, though conversion fees may still apply. Transfers can be funded with Apple Pay, Google Pay, cards, or bank transfer. Users can track and schedule transfers, repeat previous transfers, and receive live exchange-rate notifications. Wise says it safeguards customer money separately from its own and uses two-factor authentication to protect accounts and transactions. Photo ID may be required for some currencies or large transfers. The app is available on Android, iOS, and web.