OrbitRemit Review

OrbitRemit Review Summary

OrbitRemit is a relatively new international money transfer service, and its rapid growth has deservedly made it an industry leader. It offers competitive exchange rates and a guarantee that you'll get the same rate as your recipient. If you're looking for a reliable, easy-to-use service to send money internationally, OrbitRemit is a good choice. Not only is the site simple and convenient to use, but the exchange rates are competitive, too. You can even deposit money directly into the beneficiary's bank account. If you're in a hurry to send money overseas, OrbitRemit's ease of use and convenience are a great benefit. While its service is currently limited, it has the potential to expand worldwide. You can send money internationally and domestically using OrbitRemit, and you can choose the currency of the recipient's country.

OrbitRemit review
OrbitRemit Features

OrbitRemit Year Established

2009

OrbitRemit International Clients

OrbitRemit accepts international clients.

OrbitRemit Age requirement

18 years

OrbitRemit Currencies Offered

20 online

OrbitRemit Minimum Transfer

5.00 GBP/AUD/NZD

OrbitRemit Transfer Fees

4$ below 10k $ (free to India)

OrbitRemit Office Locations

Headquarters in US, with subsidiary offices and certified agents literally across the globe.

OrbitRemit Employees

43

OrbitRemit Turnover

5,000,000 USD

OrbitRemit Regulation

Financial Conduct Authority (FCA)

OrbitRemit Fees

OrbitRemit transfer fees are 4$ below 10k $ (free to India).

Fees with OrbitRemit may vary per transfer, depending on method of sending, currencies and amount. Based on World Bank statistics, the fixed fee can be as high as 19 Pounds for 120 Pound transfer to Ethiopia (source).

Additionally to the fixed fees taken by OrbitRemit, the World Bank Statistics reveal that an additional markup of between 1 and 4 per cent is incurred.

OrbitRemit Client Rating

OrbitRemit has a rating of 3.

Number of OrbitRemit customers

500,000

OrbitRemit Website

https://moneyaccounts.com/vs/torfx-vs-rabobank/

OrbitRemit Supported Languages

English

Month Savings
January $100
February $80

OrbitRemit Review

OrbitRemit review
Pros and Cons of Transferring Money with OrbitRemit

Most of the time money transfers with OrbitRemit will be smooth. Each money transfer service have their own benefits and isses, so always weigh the pros and cons of sending money with OrbitRemit money prior to submitting an application to OrbitRemit.

Can you easily afford the OrbitRemit fees, are the exchange rate costs reasonable with OrbitRemit?

OrbitRemit review
OrbitRemit Advantages

  • OrbitRemit has been in business over 4 years
  • OrbitRemit is availble in many international countries.
  • OrbitRemit offers a wide range of money transfer currency options.
  • OrbitRemit offers phone support.
  • OrbitRemit offers email support.
  • OrbitRemit offers an Apple iOS mobile application.
  • OrbitRemit offers an Android Google Play Store mobile app.

OrbitRemit review
OrbitRemit Disadvantages

  • OrbitRemit does not offer PayPal as a payment method
  • OrbitRemit does not offer Neteller as a payment method
  • OrbitRemit does not offer Skrill as a payment method
  • OrbitRemit does not offer a mobile wallet.
  • OrbitRemit does not offer Home delivery for money transfers.
  • OrbitRemit does not offer Cash pickups for money transfers.
  • OrbitRemit does not offer Money orders.
  • OrbitRemit does not offer Livechat support.

What Is OrbitRemit?

OrbitRemit is a financial service company, that offers its clients money transfer services.

OrbitRemit was founded in 2009 by Robbie Sampson and has offices in Wellington (NZ).

OrbitRemit provides money transfer services to its 500,000 customers who are from all over the world including UK, Australia, New Zealand.

The Wellington (NZ) OrbitRemit business was founded in 2009 to deliver money orders locally and internationally.

Do OrbitRemit Offer Money Transfer?

Money transfer businesses, or other financial corporations use EFT (electronic funds transfer) to send money across distances, large or small. That is to say that it is not actual money being sent, it is rather data that represents the amount being sent that the recipient can withdraw whenever they wish.

Is OrbitRemit Trusted And Established?

OrbitRemit is among the most recognized and reputable money transfer platforms. It has an exceptional track record and offers reasonable rates.

OrbitRemit was established in 2009 in Wellington (NZ), and has been in operation for around 15 years OrbitRemit have a head office in Wellington (NZ).

OrbitRemit review
How much does it cost to send a OrbitRemit Transfer?

OrbitRemit money transfer exchange rates are quite minimal compared to banks and other money transfer providers. A minimal percentage is charged on top of the exchange rate as standard practice. OrbitRemit only charges 4$ below 10k $ (free to India), when compared to other money transfer service providers.

OrbitRemit review
How much can I send with OrbitRemit?

The maximum transfer amount with OrbitRemit is up to 1,000,000.00 GBP/AUD/NZD (or its currency equivalent) online.

While OrbitRemit charges a small percent of transfer fees, the brand offers reasonable exchange rates.

OrbitRemit review
OrbitRemit Money Transfer Terms and Conditions

When transferring money with OrbitRemit, it is crucial to keep tabs on the following:

  1. OrbitRemit Speediness. Often the need to money transfer may be urgent and time critical.
  2. OrbitRemit Reliability and reputation. The safety of money and personal information can be a concern for those wanting to use international money transfer services to send money.
  3. OrbitRemit Transaction charges. Transaction charges are important as the majority of customers wish to send money overseas without having to worry about paying excessive charges.
  4. OrbitRemit Ease of use, and convenience. Your money transfer platform should be flexible and offer a good range of options and features, making it more convenient for customers to send money overseas.
  5. OrbitRemit Customer service. Because one can often run into problems when transferring money. A money transfer platform with excellent customer service could solve a lot of problems. OrbitRemit customer service should respond to your queries quickly and work with you to resolve any issues that you have.

OrbitRemit review
How OrbitRemit Compares To Other Money Transfer Companies

NameOrbitRemitXE Money TransferWise Multi-Currency Account
Usedby500,00028000000011000000
Transfer Time1-3 business days1-4 business days1-2 business days
Min Transfer5.00 GBP/AUD/NZDUS$1.001 USD
Max Transfer1,000,000.00 GBP/AUD/NZDUS$500,000.00 (or equivalent)1000000 USD/transaction/day (personal), 3000000 USD/transaction/day (business)
Payment MethodsBank transferBank transfer, credit card, debit cardBank transfer, debit card, credit card, SOFORT transfer
iOS Appyesyesyes
Android Appyesyesyes

OrbitRemit review
OrbitRemit Risk Warning

Any taxes or charges are payable in the destination country. costs may exist that are not paid through OrbitRemit or imposed by OrbitRemit. Your OrbitRemit money transfer transaction may be cancelled if it is demmed to be connected with prohibited activities including all applicable laws regarding anti money laundering or counter terrorism financing laws. or the transaction is actioned through unauthorised use of your OrbitRemit account.

OrbitRemit review
OrbitRemit Fees & Exchange Rates

Several money transfer platforms like OrbitRemit charge money for every money transfer a customer makes through their platforms. Other than that, every time an individual exchanges money from one particular currency to another, the money transfer operator in this case OrbitRemit may charge for a currency exchange.

OrbitRemit review
OrbitRemit Transfer Fees

A transfer fee is the sum of money that a money transfer operator like OrbitRemit charges a customer for transferring money to a recipient. The amount charged depends on the operator charging it.

OrbitRemit review
OrbitRemit Exchange Rate Margins

Exchange rate margins are how OrbitRemit, banks and other financial corporations make profit off their services instead of charging customers with commission fees.

When a bank or a money transfer service like OrbitRemit quotes an exchange rate to a customer, they usually take the interbank rate and add an amount known as a margin rate. Check with OrbitRemit to see what their exchange rate margin is.

OrbitRemit review
OrbitRemit Methods to Transfer Funds

A OrbitRemit fund transfer is when someone sends money from their account to another person's account. Money can be transferred using different methods, e.g. online, via the phone, or a mobile app.

The methods to transfer funds are:

  • Manual EFT
  • Automatic EFT
  • Bill payment
  • Correction

OrbitRemit enables users to transfer money using bank transfer, via none.

OrbitRemit review
OrbitRemit Currencies Supported

Money transfer operators that offer more currency options are beneficial because they make for reduced conversion fees. This way customers do not have to pay exorbitant conversion fees when transferring money.

OrbitRemit offers every available world currency to its customers. We list the major OrbitRemit supported currencies below.

OrbitRemit Money Transfer Currencies
NameCurrencies
AUD, BDT, DKK, EUR, HKD, INR, IDR, MYR, NPR, NZD, NOK, PHP, PLN, SGD, ZAR, LKR, THB, GBP, USD, VND
AED, BDT, BHD, BTN, HKD, IDR, ILS, INR, JOD, JPY, KWD, LKR, MYR, NPR, OMR, PHP, PKR, QAR, RUB, SGD, THB, TRY, TWD, VND, BAM, BGN, CHF, CZK, DKK, EUR, GBP, HRK, HUF, NOK, PLN, RON, RSD, SEK, BBD, CAD, CRC, DOP, GTQ, HNL, JMD, MXN, TTD, USD, XCD, AUD, FJD, NZD, TOP, WST, ETB, GHS, GMD, GNF, KES, MAD, MUR, MZN, RWF, SLL, TND, TZS, UGX, ZAR, ARS, BOB, CLP, COP, GYD, PEN, PYG, UYU
AED, ARS, AUD, BDT, BGN, BWP, CAD, CHF, CLP, CNY, CRC, CZK, DKK, EGP, EUR, GBP, GEL, GHS, HKD, HRK, HUF, IDR, ILS, INR, JPY, KES, KRW, LKR, MAD, MXN, MYR, NGN, NOK, NPR, NZD, PEN, PHP, PKR, PLN, RON, RUB, SEK, SGD, THB, TRY, TZS, UAH, UGX, USD, UYU, VND, XOF, ZAR, ZMW
ALL, ARS, EUR, BSD, BDT, XOF, BOB, BRL, BGN, BIF, USD, XAF, CLP, CNY, COP, KMF, CRC, HRK, CZK, DOP, EGP, ETB, FJD, GMD, GHS, GTQ, GNF, GYD, HNL, HUF, INR, IDR, JMD, JPY, JOD, KES, MGA, MWK, MYR, MXN, MAD, NPR, NGN, PKR, PYG, PEN, PHP, PLN, RON, RUB, RWF, SLL, ZAR, KRW, LKR, TSZ, THB, TND, TRY, UGX, UYU, VND, ZMW
AED, AUD, BGN, BRL, CAD, CHF, CZK, DKK, EUR, GBP, HKD, HRK, HUF, IDR, INR, JPY, MYR, NOK, NZD, PLN, RON, TRY, SEK, SGD, USD, ARS, BDT, BWP, CLP, CNY, COP, CRC, EGP, GEL, GHS, ILS, KES, KRW, LKR, MAD, MXN, NGN, NPR, PHP, PKR, RUB, THB, UAH, UGX, UYU, VND, XOF, ZAR, ZMW
AED, EUR, PLN, AUD, GBP, SEK, CAD, HKD, SGD, CHF, HUF, USD, CZK, NOK, ZAR, DKK, NZD
AED, ARS, AUD, BDT, BGN, BRL, BWP, CAD, CHF, CLP, CNY, COP, CRC, CZK, DKK, EGP, EUR, FJD, GBP, GEL, GHS, HKD, HRK, HUF, IDR, ILS, INR, JPY, KES, KRW, LKR, MAD, MXN, MYR, NGN, NOK, NPR, NZD, PHP, PKR, PLN, RON, RUB, SEK, SGD, THB, TRY, TZS, UAH, UGX, UYU, VND, XOF, ZAR, ZMW
AUS, SGD, HKD, INR, MYR, EUR, GBP, USD, CAD, JPY, NZD
USD, AUD, CHF, EUR, HKD, JPY, BBD, BMD, BSD, DKK, GYD, INR, JMD, KYD, MXN, NOK, NZD, SAR, SEK, SGD, TTD, ZAR, GBP
AUD, BGN, CAD, HRK, CZK, DKK, EUR, HKD, HUF, INR, ILS, JPY, JOD, MYR, MAD, NZD, NOK, OMR, PLN, GBP, QAR, RON, SAR, RSD, SGD, ZAR, KRW, SEK, CHF, THB, TRY, AED, USD
AED, AUD, BND, CAD, CHF, CZK, DKK, EUR, FJD, HKD, HUF, IDR, ILS, INR, IRR, JPY, KRW, KWD, LKR, MAD, MXN, MYR, NGN, NZD, OMR, PEN, PGK, PHP, PKR, PLN, SAR, SCR, SDG, SEK, SGD, THB, TOP, TRY, TWD, USD, VND, VUV, WST, XOF, XPF, ZAR
EUR, GBP, USD, CAD

OrbitRemit review
OrbitRemit Transfer Options

OrbitRemit offers the following transfer options:

OrbitRemit Money Transfer Options Compared
NameTransfer Options
Bank desposit, cash pick-up
Bank deposit
Bank deposit, mobile wallet deposit
Bank deposit, cash pick-up, home delivery, mobile wallet deposit.
Bank deposit, mobile wallet deposit
Bank deposit, mobile wallet deposit
Bank deposit, mobile wallet deposit
Bank deposit, cash pick-up (Philippines)
bank deposit, cheque, wire transfer, debit card, credit card
Bank deposit, cash pick-up, VISA & MasterCard, ATMs, mobile wallet deposit (depending on country)
Bank deposit
Bank deposit, cash pick-up , door-to-door delivery

Single Payments

’Single payments’ is a term used to recognize a one-time money amount from an allowance. For a single payment, the user may use a single credit card (or debit card) and have a single invoice.

Regular Payments

A regular payment is a highly economical and easy way to transfer money with OrbitRemit. It is best suited for customers who have to transfer regular smaller amounts (usually three, four, or smaller five-digit amounts).

OrbitRemit review
Who OrbitRemit Services Are Available To

OrbitRemit offers services for sixty different currencies across more than one-seventy countries.

The more global a money transfer operator becomes, the more reliable it is for people across the globe.

OrbitRemit Country Restrictions

OrbitRemit does not operate in the following countries :

  • Afghanistan
  • Aland Islands
  • American Samoa
  • Angola
  • Anguilla
  • Antarctica
  • Antigua and Barbuda
  • Barbados
  • Belize
  • Benin
  • Bhutan
  • Bonaire (including Sint Eustatius and Saba)
  • Bouvet Island
  • British Indian Ocean Territory
  • Burkina Faso
  • Burundi
  • Cape Verde
  • Central African Republic
  • Chad
  • Cocos (Keeling) Islands
  • Comoros
  • Congo
  • Democratic Republic of
  • Congo
  • Republic of
  • Cook Islands
  • Crimea
  • Cuba
  • Curacao
  • Djibouti
  • Equatorial Guinea
  • Eritrea
  • Faroe Islands
  • Fiji
  • French Guyana
  • French Polynesia
  • French Southern Territories
  • Gabon
  • Gambia
  • Greenland
  • Grenada
  • Guadeloupe
  • Guinea
  • Guinea-Bissau
  • Guyana
  • Haiti
  • Heard Island and Mcdonald Islands
  • Holy See (Vatican City State)
  • Iran
  • Iraq
  • Ivory Coast (Cote d'Ivoire)
  • Japan
  • Kiribati
  • Kosovo
  • Kyrgyzstan
  • Lao People’s Democratic Republic
  • Lebanon
  • Liberia
  • Libya
  • Macao
  • Mali
  • Marshall Islands
  • Martinique
  • Mauritania
  • Mayotte
  • Micronesia
  • Federated States of
  • Montserrat
  • Myanmar
  • Namibia
  • Nauru
  • New Caledonia
  • Niger
  • Niue
  • Norfolk Island
  • North Korea
  • Northern Mariana Islands
  • Palau
  • Palestinian Territory
  • Papua New Guinea
  • Reunion
  • Pitcairn
  • Rwanda
  • Saint Barthelemy
  • Saint Helena
  • Saint Kitts and Nevis
  • Saint Lucia
  • Saint Martin
  • Saint Pierre and Miquelon
  • Saint Vincent and the Grenadines
  • Sao Tome e Principe
  • Seychelles
  • Sierra Leone
  • Sint Maarten
  • Solomon Islands
  • Somalia
  • South Georgia and the South Sandwich Islands
  • Sudan (North and South)
  • Suriname
  • Svalbard and Jan Mayen
  • Syria
  • Tajikistan
  • Timor-Leste
  • Togo
  • Tokelau
  • Tonga
  • Turkey
  • Turkmenistan
  • Turks and Caicos Islands
  • Tuvalu
  • Vanuatu
  • Venezuela
  • Wallis and Futuna
  • Western Sahara
  • Western Samoa
  • Yemen
  • Zimbabwe
  • Crimea
  • Cuba
  • Iran
  • Libya
  • North Korea
  • South Sudan
  • Sudan
  • Syria

Certain countries are restricted because OrbitRemit is not allowed to legally operate in those regions or it is not economically viable for OrbitRemit to provide money services in these regions.

OrbitRemit review
OrbitRemit International Money Transfers

An International Transfer is when someone sends money from their account in one country to a bank account in another country.

Setting up your OrbitRemit money transfer is quick and simple with the modern OrbitRemit online platform.

Transferring money internationally used to be a tedious process 10 years ago but advances in software and the internet have made transferring money allot easier.

These days, you can send a money transfer with ease on the OrbitRemit website.

The OrbitRemit website includes useful and easy-to-access option for those who wish to track their money and monitor when it can be received, providing a safe and accessible option if you'd like to keep an eye on your transfer.

OrbitRemit review
OrbitRemit Minimum Money Transfer

Several money transfer companies do not have a minimum money transfer amount. Making it easy for their users to send small amounts of money. OrbitRemit has a minimum transfer amount of 5.00 GBP/AUD/NZD.

OrbitRemit review
OrbitRemit Maximum Money Transfer

Money transfer companies often do not have maximum transfer limits. For example, OrbitRemit does not have a maximum transfer limit when the user is paying through phone. There is however, a 1,000,000.00 GBP/AUD/NZD limit per transaction for online transfers.

OrbitRemit review
OrbitRemit Money Transfer Fees and Charges

These are the fees charged by OrbitRemit and other money transfer companies (or other financial corporations) for transferring money. Several companies however, do not charge their users for transferring money. The only charges there are to pay are currency conversion charges.

OrbitRemit review
How Long Does It Take to Get a OrbitRemit Money Transfer

OrbitRemit money transfers do not usually take very long. It normally takes less than 24 hours for a money transfer to complete between two accounts with the same financial corporation. While in the case of money transfers with money transfer services like OrbitRemit, it can take a little as a few minutes. If the money is being sent overseas, it can take up to five days for the recipient to receive the money from OrbitRemit.

OrbitRemit review
OrbitRemit PLC Status

If a company has the acronym PLC at the end of its name, it means that the business offers its shares to the public and is traded on a public stock exchange. This alone makes the company more reputable. OrbitRemit is not a publically listed company. OrbitRemit is a privately owned company.

OrbitRemit review
OrbitRemit Money Orders

The charges for issuing money orders with OrbitRemit are 4$ below 10k $ (free to India).

OrbitRemit review
OrbitRemit Mobile Top Up

OrbitRemit offers mobile top ups.OrbitRemit mobile top ups are where a user can add credit to a recipient’s mobile phone number. The recipients number has to be local. These are normally processed within minutes, if not seconds.

OrbitRemit COVID-19 Help

Some money transfer companies offer COVID-19 financial assistance. This may be in many forms including payment holidays, reduced interest rates and more options to pay. Check with OrbitRemit directly to see what they are able to offer if you are adversely affected by COVID-19.

Who are OrbitRemit Money Transfers Best For

There may be many reasons you are looking to action a money transfer with OrbitRemit. These reasons can include debt consolidation, medical bills, student debt, collection agency debt, wedding costs, holidays, home repairs and repaying friends and family.

OrbitRemit money transfers are best for people looking for looking for a reliable fast money transfer service.

OrbitRemit Guide for Fast Money Transfer Approval

For OrbitRemit to be able to process your money transfer application as quickly as possible make sure you have everything OrbitRemit need. If you and OrbitRemit need to go back and forth it may delay the OrbitRemit application process. Make sure every piece of information you give OrbitRemit is accurate.

Please note that you must have at least a minimum of one active bank account for OrbitRemit to process your money transfer.

OrbitRemit Application Time

Application time refers to the amount of time you have to wait for your OrbitRemit registration to be approved. This should not take long, especially if you have nothing which should come up as red flag on the OrbitRemit system.

OrbitRemit Approval Time

It is the time it takes for OrbitRemit money transfer operator to approve the money transfer being made. Depending on the situation this can take up to five days.

OrbitRemit Funding Time

It is the amount of time it takes for the recipient to receive the money transfer. Once your OrbitRemit money transfer has been approved the money should be in your account within four working days.

OrbitRemit review
Things to Check Before a OrbitRemit Money Transfer

Why more features are useful for modern life’s and why new challenger banks are starting to beat traditional banks.

Here are a number of important things to consider before considering OrbitRemit money transfer:

  1. Reliability and safety
  2. Making preparations before the transaction
  3. Convenience
  4. Transfer and conversion rates
  5. The quality of the customer service offered

OrbitRemit review
OrbitRemit Customer Support

OrbitRemit support should be there to help customers with their issues which includes answering their queries, guiding them through and difficult processes and issues when transferring money. OrbitRemit customer support should troubleshoot any issues with you until you get to a resolution that you are happy with.

When getting a OrbitRemit money transfer you will want to speak to a OrbitRemit representative in a language that you are comfortable with. All your Money Transfer queries and issues should be resolved quickly.

OrbitRemit review
Does OrbitRemit Offer Live Chat?

Customers can reach out to OrbitRemit through live chat to resolve OrbitRemit money transfer account issues or difficulties with their OrbitRemit account that they can't solve. Live chat, or live support is a real-time live chat feature used by customer support representitives allowing customers to instant message to and receive guidance from a trained agent regarding a your money transfer related query.

OrbitRemit review
How does OrbitRemit Compare with Other Money Transfer Companies?

When deciding upon a money transfer company like OrbitRemit you will want to know how OrbitRemit compares with other leading online money transfer companies. See how OrbitRemit compares below.

  1. Visit OrbitRemit alternative XE Money Transfer

    Used By: 280000000
    Currencies Available: 76
    Transfer Fees: none
    Payment Methods: Bank transfer, credit card, debit card
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: US$1.00
    Max Transfer: US$500,000.00 (or equivalent)
    Year Founded: 1993

  2. Visit OrbitRemit alternative Wise Multi-Currency Account

    Used By: 11000000
    Currencies Available: 54
    Transfer Fees: 0.5%-1%
    Payment Methods: Bank transfer, debit card, credit card, SOFORT transfer
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: 1 USD
    Max Transfer: 1000000 USD/transaction/day (personal), 3000000 USD/transaction/day (business)
    Year Founded: 2011

  3. Visit OrbitRemit alternative Remitly

    Used By: 3000000
    Currencies Available: 63
    Transfer Fees: 0-3.99$
    Payment Methods: Bank transfer, credit/debit card
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: US$1.00
    Max Transfer: US$20,000.00
    Year Founded: 2011

  4. Visit OrbitRemit alternative Wise

    Used By: 11000000
    Currencies Available: 54
    Transfer Fees: 0.5%-1%
    Payment Methods: Bank transfer, debit card, credit card, SOFORT transfer
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: US$1.00
    Max Transfer: US$1,000,000 (varies based on currency)
    Year Founded: 2011

  5. Visit OrbitRemit alternative CurrencyFair

    Used By: 150,000
    Currencies Available: 17
    Transfer Fees: 0.45%
    Payment Methods: Bank transfer, debit card
    iOS App : yes, Android App : yes

    LiveChat: yes
    Min Transfer: £5.00 (or equivalent)
    Max Transfer: £10,000,000.00 (or equivalent)
    Year Founded: 2009

  6. Visit OrbitRemit alternative Wise Business

    Used By: 11000000
    Currencies Available: 55
    Transfer Fees: 0.5%-1%
    Payment Methods: Bank transfer, debit card, credit card, SOFORT transfer
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: 1 USD
    Max Transfer: 1000000 USD/transaction/day (personal), 3000000 USD/transaction/day (business)
    Year Founded: 2011

  7. Visit OrbitRemit alternative InstaReM

    Used By: 130000000
    Currencies Available: 11
    Transfer Fees: 0%-1%
    Payment Methods: bank transfer, POLi payment (Australia), debit card (EU residents), ACH Pull (US residents), FPX (Malaysian residents)
    iOS App : yes, Android App : yes

    LiveChat: yes
    Min Transfer: $1 (minimum sending amounts could differ based on certain currency pairs)
    Max Transfer: No limit (different countries have regulatory limits on outward and inward flow of remittances originating from or to the country)
    Year Founded: 2014

  8. Visit OrbitRemit alternative Scotiabank

    Used By: 25,000,000
    Currencies Available: 23
    Transfer Fees: none
    Payment Methods: Bank transfer, debit card, credit card, apple pay, google pay, Scotiabank Saddletone gift cards
    iOS App : yes, Android App : yes

    LiveChat: yes
    Min Transfer: none
    Max Transfer: 10000 USD
    Year Founded: 1832

  9. Visit OrbitRemit alternative Skrill

    Used By: 120,000
    Currencies Available: 33
    Transfer Fees: none
    Payment Methods: Cash, bank transfer, debit card, credit card, e-wallet, cryptocurrency (depending on country)
    iOS App : yes, Android App : yes

    LiveChat: yes
    Min Transfer: US$1.00 (varies based on certain currencies)
    Max Transfer: US$2,500.00 / day (weekly and monthly limites also apply)
    Year Founded: 2001

  10. Visit OrbitRemit alternative MoneyGram US

    Used By: 150000000
    Currencies Available: 46
    Transfer Fees: 0-1.99$
    Payment Methods: pay by card or directly from your bank account
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: none
    Max Transfer: 3000 USD
    Year Founded: 1940

  11. Visit OrbitRemit alternative Xoom

    Used By: 250000000
    Currencies Available: 4
    Transfer Fees: 0$-40$
    Payment Methods: Bank transfer, debit/credit card, PayPal balance
    iOS App : yes, Android App : yes

    LiveChat: yes
    Min Transfer: US$10.00
    Max Transfer: 2999 USD/day, 6000 USD/month, 9999 USD/3 months
    Year Founded: 2001

OrbitRemit review
OrbitRemit Website and Mobile Apps

OrbitRemit has a website available online but it may be useful to manage your OrbitRemit account from your mobile device like your tablet or phone.

OrbitRemit offers an Android mobile application on the Google Play store.

OrbitRemit offers an Apple IOS mobile application for iPhones and iPads allowing OrbitRemit to users to check their OrbitRemit accounts on their iOS mobile devices.

OrbitRemit review
OrbitRemit Deposit and withdrawal Methods

OrbitRemit offers the following Money Transfer payment methods: Bank transfer. All of significant bank systems are all acknowledged with OrbitRemit.

OrbitRemit offers ACH Payment which is used for direct deposit and debit transfers within the US. It is similar in nature to BACS (for the UK) and EFT (for Canada). Users can pay through bank transfer.

The recipient will receive the money in their bank account and can withdraw it using the method they prefer. They cannot, however, receive the money in the form of cash.

Take note that OrbitRemit may charge additional commissions and fees when using certain payment and withdrawal methods. These fees may not necessarily come from OrbitRemit.

OrbitRemit review
Is My Money Safe With OrbitRemit?

OrbitRemit is a reliable, secure, and trusted option for sending money overseas. OrbitRemit are registered and regulated with the Financial Conduct Authority (FCA).These regulatory licenses have strict rules that are enforced. These regulations safeguard the funds entrusted to them by OrbitRemit customers.

OrbitRemit review
OrbitRemit Financial Regulation and Safety of OrbitRemit Funds

Every business that wants to send money across borders (in excess of €3 million per month) must be licenced under the Payment Services Regulations 2017 and the Electronic Money Regulations 2011, both of which were created by the UK government but executed by the FCA for UK residents.

Consumer credit, in simple terms, is credit offered to individuals so they can purchase goods or cover personal expenses. It does not cover long term investments such as purchasing property. It allows for a properly managed economy to function and further encourages economic growth.

Firms like OrbitRemit that offer money transfer to retail customers are legally considered to be offering consumer credit.

A financial regulator ensures that consumers are protected, there is fair competition in the money transfer industry and the integrity of the Financial services industry as a whole is maintained.

Getting a money transfer with a regulated company is essential as it offers an increased level of protection than a money transfer from an unregulated one. This is because regulators are able to enforce strict rules and stop unscrupulous money transfer operators.

Laws differ on who can and cannot offer consumer credit in each country. Credit firms have strict rules that they must follow in order that they are legally allowed to transfer money to consumers. These laws are in place to protect consumers becoming trapped in a money transfer they can never pay off.

Be sure that OrbitRemit is fully licenced as a money transfer company.

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OrbitRemit Payment Services Regulations and OrbitRemit

The Payment Services Regulations Directive, is run by the European Commission in order to govern payment services and their providers across the European Union as well as the European Economic Area.

One of its goals has been to make foreign currency transactions transparent, much like currency payments. This is to protect consumers and businesses from being swindled.

What is the Financial Conduct Authority?

The FCA is a control body meant to license money transfer companies. Companies such as banks, Forex brokers, and money transfer operators are monitored the most. This is because they deal in situations that involve many intricacies, such as transferring money and offering loans, etc.

All reputable money transfer businesses that operate within the United Kingdom by law have to be registered and authorised as a payment institution by the Financial Conduct Authority (FCA) to comply with the Payment Services Regulations that were introduced in 2017.

Check OrbitRemit is financially regulated. OrbitRemit is regulated by the Financial Conduct Authority (FCA).

This makes sure that your Money Transfer agreement is above board and safe. In Addition, it Usually Means that OrbitRemit Possess a responsibility of care to their clients.

Is OrbitRemit Registered as a Money Service Business with HM Revenue & Customs

Financial institutions (which do not classify as banks) which convert and transmit money like OrbitRemit are known as Money Service Businesses. While they provide services similar to banks, they are still not considered banks. They offer more varied product options to individuals looking to transmit or convert money.

Financial authorities tend to keep tabs on OrbitRemit and other Money Service Businesses the most because the type of services they offer can leave them vulnerable to be used in financial crimes like money laundering. This is why it is crucial for them to be registered with the HM Revenue and Customs in the United Kingdom.

OrbitRemit Segregation of Client Funds

OrbitRemit as part of their regulation are required to segregate client funds from OrbitRemit company funds and keep all client funds within a bank that is authorised as a credit institution by the regulator. All client funds should be kept in the most reputable third-party financial institutions such as Barclays or the Bank of America.

OrbitRemit regulatory requirements mean that OrbitRemit Money Transfer funds and your funds should be totally separate. OrbitRemit cannot use any money that is still legally yours to conduct OrbitRemit daily business like paying OrbitRemit suppliers and costs. Your funds should be kept by OrbitRemit in a segregated bank account.

OrbitRemit Regulation Checklist

  • Check whether OrbitRemit has authorisation to offer consumer credit
  • Check the type of activities that OrbitRemit are allowed to conduct with their authorisation
  • Check the contact details, trading names and main business of OrbitRemit list on their website and the regulator match.

OrbitRemit Fraud Prevention Features

Fraud prevention is highly crucial when transferring money because once the money is gone, it's gone. Scammers most often gravitate towards money transfers. Lack of fraud prevention procedures can lead to loss of funds, or even identity theft.

OrbitRemit goes to great lengths to protect your OrbitRemit account from fraudulent use. We explain some of OrbitRemit anti-fraud features below:

  1. OrbitRemit has SSL encryption that protects the customer's private information.
  2. OrbitRemit has cutting edge technology that monitors almost everything i.e. from logins to transactions.
  3. The OrbitRemit platform has a bespoke monitoring system that helps to detect and prevents fraud.

Automated Transaction Confirmations

Having instant notifications turned on is not only convenient because the user is instantly alerted whenever there is a payment related activity on their OrbitRemit account, as you are instantly aware of every OrbitRemit transaction these notifications to your phone help you to keep tabs on any suspicious activity.

After conducting a transaction with OrbitRemit, the OrbitRemit accounts primary contact will receive a transaction confirmation confirming the transaction amount, rate exchange applied, and OrbitRemit delivery instructions.

OrbitRemit Monitors Your Account for Suspicious Transactions

OrbitRemit has systems and controls in place to detect fraudulent activity and protect OrbitRemit client accounts from misuse. If OrbitRemit detect a questionable transaction on your OrbitRemit account, OrbitRemit will contact you to verify the transactions legitimacy to ensure your OrbitRemit funds are safe.

How Does OrbitRemit Make Money?

OrbitRemit and other money transfer companies often charge their customers a certain amount of interest fees on every transaction made. The fees depend on the amount of money the customer wishes to transfer. OrbitRemit also earn money via foreign exchange rates.

Money transfer companies like OrbitRemit and banks need to survive, so they make money on interest from accounts and money transfers.

OrbitRemit Frequently Asked Questions

We list some of the most frequently asked OrbitRemit questions below.

Is there a limit to how much I can transfer with OrbitRemit?

You can transfer up to 1,000,000.00 GBP/AUD/NZD at a time.

When will I receive my OrbitRemit transfer?

It normally takes 3-5 business days.

Is it possible to cancel my OrbitRemit transaction?

If you need to cancel your transaction due to any reason, kindly contact us on this number 442039620613.

How old do you have to be to sign up to a OrbitRemit account

To signup to a OrbitRemit account you will need to be at least 18 years old.

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Is OrbitRemit a Scam?

OrbitRemit have been in operation since 2009 and have over 500,000 customers and 43 employees. OrbitRemit is not a scam.

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Sending money online with OrbitRemit

Sending money with OrbitRemit is a single process once you have registered and verified your OrbitRemit account and payment methods.

  1. Go to the OrbitRemit website
  2. If you have a OrbitRemit account you can log in, otherwise you will need to create a new account.
  3. Decide how much you would like to send and where you want to send it to.
  4. Enter all the required information about the beneficiary, this might include their name, address, bank account details, and other personal data.
  5. Tell OrbitRemit how the beneficiary wants to get their money. Eg. through a bank transfer, cash pickup, or via some other means.
  6. Agree to the OrbitRemit exchange rate and any fees.
  7. Pay for your OrbitRemit transfer.
  8. Enter your information and provide and supporting documentation to verify your identity.

OrbitRemit review
How do I receive money from a OrbitRemit money transfer?

Depending on where you are located, you have a few options for how you can receive any money that has been sent to your OrbitRemit account. Your options for receiving money depend on the information entered by the sender, the country you are in, the currency you are receiving, and some other factors. Some methods of receiving money may not be available to you.

Receive OrbitRemit money directly into a bank account

Bank transfers are useful because not only are they safe, but the whole process is quick, and they offer the kind of flexibility no other method can. OrbitRemit allows for a deposit directly into your bank, credit union or other financial account.

OrbitRemit Cash Pickup

Some money transfer companies have agents around the world, and you will need to take identity documents to receive cash. Money is typically available within ten minutes of being sent. OrbitRemit allows you to pick up money in person at a OrbitRemit agent location.

OrbitRemit Smart Money and mobile wallets

A mobile wallet virtually stores cash card details on a smartphone. These are quite convenient as they allow for users to make purchases at physical stores without needing to carry money.

OrbitRemit Does not support mobile wallets.

OrbitRemit Home delivery

It is a way for an individual to receive money without having to leave home. What this means is that any money you send can be received in person at a designated home address. The money is delivered by a local agent. OrbitRemit do not offer home delivery money transfers.

When was OrbitRemit founded?

OrbitRemit was founded in 2009.

Is OrbitRemit Any Good?

OrbitRemit have a rating of 3 and are financially regulated, OrbitRemit can be considered a good money transfer company.

Is it easy to close my OrbitRemit account?

Its is easy to close you OrbitRemit account. You will have to make sure any outstanding payments and fees due to OrbitRemit are paid in full Before OrbitRemit will fully close your account. Make sure when closing your account OrbitRemit send you an official confirmation that your account is closed and no more monies are due to OrbitRemit.

Does it take long to setup a OrbitRemit account?

No, setting up a OrbitRemit account can take a few minutes. You will need to provide some proof of identity and address. You should definitely be able to access all the features of your OrbitRemit account in 1-3 days.

Where are OrbitRemit based?

OrbitRemit are based in Wellington (NZ)

Countries where OrbitRemit is legal?

OrbitRemit is legally allowed to operate in over 18 countries.

How do I track a OrbitRemit Money Transfer

You can track a OrbitRemit money order by calling OrbitRemit or by tracking the order online. Call OrbitRemit number on 442039620613. The OrbitRemit automated phone system will take a few details and give you a status update. You can go online to the OrbitRemit website and check the status of a money transfer at any time.

If you have a OrbitRemit online account, log in and view your transaction history; If you do not have an online account, or if you are the receiver of the OrbitRemit transaction, use the OrbitRemit payment reference number on the OrbitRemit website to check the status of the transfer.

Can I cancel my OrbitRemit transfer?

The way that you cancel a OrbitRemit transfer depends on how you created and sent the OrbitRemit money transfer originally.

You may need to contact OrbitRemit by phone on 442039620613, through their website at www.orbitremit.com or via email [email protected]. Requests are typically processed within 30 days, and you may be charged a cancellation fee by OrbitRemit.

If you made the OrbitRemit transfer online, then you should log in, find the transaction in your transaction history and then cancel it on the 'Transaction Details' page. If you do not have a OrbitRemit account, use the 'Track a Transfer tool to find the transaction and then cancel it on the Transaction Details page.

Double check the terms and conditions for cancelling a OrbitRemit transfer on their website.

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