A Better Way to Avoid PayPal Money Transfer Currency Conversion Fees

Remittance

2019-09-27

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PayPal is a popular way to send and receive money and to pay for purchases online – it’s fast, convenient, and simple way to handle online financial transactions. However, one very significant downside – especially if you are using PayPal to transfer money abroad – is their unfavourable exchange rates and transfer fees. 

In times past, PayPal has been a trailblazer for the spread of online commerce. However, as a way to send money from one country to another, PayPal exchange rates are not bringing value or savings to their customers. What’s more, these rates are often hidden in reams of meticulous terms and conditions. Even third-party sites like Monito do a far better job of explaining the process than PayPal’s own site – it is in their best interest to conceal the expense of their service.

Some people still believe that PayPal is free for currency exchange. It’s not – on the contrary, it’s actually very expensive.

Paypal has been great for spreading online commerce but as a way to send money from one country to another, PayPal exchange rates are not bringing value or savings to their customers. 

 

Why is Epay so Much Cheaper than PayPal?

Epay global remittance network is designed to save money for overseas workers who need to send money home every month. A very reasonable fee plus a real-time exchange rate, this is the reason why Epay is so much cheaper than Paypal and other online payment providers.

Epay never earns your money from the exchange rate. Epay offers an exchange rate that is usually as close as to the Interbank rate. Most high-street banks, brokers and even PayPal hide their charges in their exchange rate, which can then be as far as 3%–6% away from the same rate.

How Epay is different:

  • Epay’ s bank-beating exchange rates mean you avoid hidden mark-ups and excessive fees charged by banks and brokers, helping you send money up to 8 times cheaper than with a typical bank.
  • Epay has local remittance agent or bank account in each country. Which means the transfer time is great reduced. Money can be fast received.
  • You can do all this in your account anytime, anywhere on Epay.com, or from our iOS or Android apps.

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Rita

This guy is too indolent to make a signature...