Xendpay Review

Xendpay Review Summary

Xendpay is an online money transfer service. Founded by ethical innovators, Xendpay aims to cut down on the costs of international money transfers while providing the highest level of customer service. They also offer competitive rates for transferring money to and from countries around the world. If you're planning to send money abroad, you should use a company that focuses on ethical innovation. Xendpay is a safe, easy, and convenient way to transfer funds internationally. The Xendpay website offers a number of features for businesses. In addition to competitive exchange rates, it also has an iPhone app, allowing customers to transfer funds from their iOS devices.

Xendpay review
Xendpay Features

Xendpay Year Established

2005

Xendpay International Clients

Xendpay accepts international clients.

Xendpay Age requirement

18 years

Xendpay Currencies Offered

51 online

Xendpay Minimum Transfer

£100.00/120.00 (bank transfers)

Xendpay Transfer Fees

0.45%-1.4%

Xendpay Office Locations

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

Xendpay Employees

49

Xendpay Turnover

Xendpay Regulation

Financial Conduct Authority (FCA)

Xendpay Fees

Xendpay transfer fees are 0.45%-1.4%.

Fees with Xendpay 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 Xendpay, the World Bank Statistics reveal that an additional markup of between 1 and 4 per cent is incurred.

Xendpay Client Rating

Xendpay has a rating of 3.

Number of Xendpay customers

180,000

Xendpay Website

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

Xendpay Supported Languages

English, French, German, Spanish, Polish

Month Savings
January $100
February $80

Xendpay Review

Xendpay review
Pros and Cons of Transferring Money with Xendpay

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

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

Xendpay review
Xendpay Advantages

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

Xendpay review
Xendpay Disadvantages

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

What Is Xendpay?

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

Xendpay was founded in 2005 by Jake Holloway and has offices in London (GB).

Xendpay provides money transfer services to its 180,000 customers who are from all over the world including worldwide.

The London (GB) Xendpay business was founded in 2005 to deliver money orders locally and internationally.

Do Xendpay 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 Xendpay Trusted And Established?

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

Xendpay was established in 2005 in London (GB), and has been in operation for around 19 years Xendpay have a head office in London (GB).

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

Xendpay 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. Xendpay only charges 0.45%-1.4%, when compared to other money transfer service providers.

Xendpay review
How much can I send with Xendpay?

The maximum transfer amount with Xendpay is up to £100,000.00 (upgraded account) (or its currency equivalent) online.

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

Xendpay review
Xendpay Money Transfer Terms and Conditions

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

  1. Xendpay Speediness. Often the need to money transfer may be urgent and time critical.
  2. Xendpay 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. Xendpay 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. Xendpay 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. Xendpay 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. Xendpay customer service should respond to your queries quickly and work with you to resolve any issues that you have.

Xendpay review
How Xendpay Compares To Other Money Transfer Companies

NameXendpayXE Money TransferWise Multi-Currency Account
Usedby180,00028000000011000000
Transfer Time1-4 business days1-4 business days1-2 business days
Min Transfer£100.00/120.00 (bank transfers)US$1.001 USD
Max Transfer£100,000.00 (upgraded account)US$500,000.00 (or equivalent)1000000 USD/transaction/day (personal), 3000000 USD/transaction/day (business)
Payment MethodsBank transfer, SOFORT, debit/credit cardBank transfer, credit card, debit cardBank transfer, debit card, credit card, SOFORT transfer
iOS Appyesyesyes
Android Appyesyesyes

Xendpay review
Xendpay Risk Warning

Any taxes or charges are payable in the destination country. costs may exist that are not paid through Xendpay or imposed by Xendpay. Your Xendpay 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 Xendpay account.

Xendpay review
Xendpay Fees & Exchange Rates

Several money transfer platforms like Xendpay 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 Xendpay may charge for a currency exchange.

Xendpay review
Xendpay Transfer Fees

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

Xendpay review
Xendpay Exchange Rate Margins

Exchange rate margins are how Xendpay, 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 Xendpay quotes an exchange rate to a customer, they usually take the interbank rate and add an amount known as a margin rate. Check with Xendpay to see what their exchange rate margin is.

Xendpay review
Xendpay Methods to Transfer Funds

A Xendpay 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

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

Xendpay review
Xendpay 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.

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

Xendpay Money Transfer Currencies
NameCurrencies
AED, AUD, BBD, BDT, BHD, BRL, CAD, CHF, CNY, CZK, DKK, EGP, EUR, FJD, GBP, GHS, HKD, HRK, HUF, IDR, ILS, INR, JMD, JOD, JPY, KES, KWD, LKR, MAD, MUR, MXN, MYR, NOK, NPR, NZD, PHP, PKR, PLN, QAR, RON, SAR, SEK, SGD, THB, TND, TRY, UGX, USD, VND, XCD, ZAR
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

Xendpay review
Xendpay Transfer Options

Xendpay offers the following transfer options:

Xendpay Money Transfer Options Compared
NameTransfer Options
Bank desposit, mobile wallet
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 Xendpay. It is best suited for customers who have to transfer regular smaller amounts (usually three, four, or smaller five-digit amounts).

Xendpay review
Who Xendpay Services Are Available To

Xendpay 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.

Xendpay Country Restrictions

Xendpay 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 Xendpay is not allowed to legally operate in those regions or it is not economically viable for Xendpay to provide money services in these regions.

Xendpay review
Xendpay 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 Xendpay money transfer is quick and simple with the modern Xendpay 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 Xendpay website.

The Xendpay 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.

Xendpay review
Xendpay 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. Xendpay has a minimum transfer amount of £100.00/120.00 (bank transfers).

Xendpay review
Xendpay Maximum Money Transfer

Money transfer companies often do not have maximum transfer limits. For example, Xendpay does not have a maximum transfer limit when the user is paying through phone. There is however, a £100,000.00 (upgraded account) limit per transaction for online transfers.

Xendpay review
Xendpay Money Transfer Fees and Charges

These are the fees charged by Xendpay 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.

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

Xendpay 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 Xendpay, 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 Xendpay.

Xendpay review
Xendpay 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. Xendpay is not a publically listed company. Xendpay is a privately owned company.

Xendpay review
Xendpay Money Orders

The charges for issuing money orders with Xendpay are 0.45%-1.4%.

Xendpay review
Xendpay Mobile Top Up

Xendpay offers mobile top ups.Xendpay 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.

Xendpay 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 Xendpay directly to see what they are able to offer if you are adversely affected by COVID-19.

Who are Xendpay Money Transfers Best For

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

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

Xendpay Guide for Fast Money Transfer Approval

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

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

Xendpay Application Time

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

Xendpay Approval Time

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

Xendpay Funding Time

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

Xendpay review
Things to Check Before a Xendpay 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 Xendpay 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

Xendpay review
Xendpay Customer Support

Xendpay 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. Xendpay customer support should troubleshoot any issues with you until you get to a resolution that you are happy with.

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

Xendpay review
Does Xendpay Offer Live Chat?

Customers can reach out to Xendpay through live chat to resolve Xendpay money transfer account issues or difficulties with their Xendpay 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.

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

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

  1. Visit Xendpay 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 Xendpay 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 Xendpay 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 Xendpay 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 Xendpay 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 Xendpay 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 Xendpay 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 Xendpay 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 Xendpay 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 Xendpay 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 Xendpay 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

Xendpay review
Xendpay Website and Mobile Apps

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

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

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

Xendpay review
Xendpay Deposit and withdrawal Methods

Xendpay offers the following Money Transfer payment methods: Bank transfer, SOFORT, debit/credit card. All of significant bank systems are all acknowledged with Xendpay.

Xendpay 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 Xendpay may charge additional commissions and fees when using certain payment and withdrawal methods. These fees may not necessarily come from Xendpay.

Xendpay review
Is My Money Safe With Xendpay?

Xendpay is a reliable, secure, and trusted option for sending money overseas. Xendpay 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 Xendpay customers.

Xendpay review
Xendpay Financial Regulation and Safety of Xendpay 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 Xendpay 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 Xendpay is fully licenced as a money transfer company.

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Xendpay Payment Services Regulations and Xendpay

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 Xendpay is financially regulated. Xendpay 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 Xendpay Possess a responsibility of care to their clients.

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

Financial institutions (which do not classify as banks) which convert and transmit money like Xendpay 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 Xendpay 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.

Xendpay Segregation of Client Funds

Xendpay as part of their regulation are required to segregate client funds from Xendpay 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.

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

Xendpay Regulation Checklist

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

Xendpay 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.

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

  1. Xendpay has SSL encryption that protects the customer's private information.
  2. Xendpay has cutting edge technology that monitors almost everything i.e. from logins to transactions.
  3. The Xendpay 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 Xendpay account, as you are instantly aware of every Xendpay transaction these notifications to your phone help you to keep tabs on any suspicious activity.

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

Xendpay Monitors Your Account for Suspicious Transactions

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

How Does Xendpay Make Money?

Xendpay 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. Xendpay also earn money via foreign exchange rates.

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

Xendpay Frequently Asked Questions

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

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

You can transfer up to £100,000.00 (upgraded account) at a time.

When will I receive my Xendpay transfer?

It normally takes 3-5 business days.

Is it possible to cancel my Xendpay transaction?

If you need to cancel your transaction due to any reason, kindly contact us on this number +44 20 7220 8158.

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

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

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Is Xendpay a Scam?

Xendpay have been in operation since 2005 and have over 180,000 customers and 49 employees. Xendpay is not a scam.

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Sending money online with Xendpay

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

  1. Go to the Xendpay website
  2. If you have a Xendpay 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 Xendpay how the beneficiary wants to get their money. Eg. through a bank transfer, cash pickup, or via some other means.
  6. Agree to the Xendpay exchange rate and any fees.
  7. Pay for your Xendpay transfer.
  8. Enter your information and provide and supporting documentation to verify your identity.

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How do I receive money from a Xendpay 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 Xendpay 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 Xendpay 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. Xendpay allows for a deposit directly into your bank, credit union or other financial account.

Xendpay 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. Xendpay allows you to pick up money in person at a Xendpay agent location.

Xendpay 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.

Xendpay Does not support mobile wallets.

Xendpay 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. Xendpay do not offer home delivery money transfers.

When was Xendpay founded?

Xendpay was founded in 2005.

Is Xendpay Any Good?

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

Is it easy to close my Xendpay account?

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

Does it take long to setup a Xendpay account?

No, setting up a Xendpay 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 Xendpay account in 1-3 days.

Where are Xendpay based?

Xendpay are based in London (GB)

Countries where Xendpay is legal?

Xendpay is legally allowed to operate in over 265 countries.

How do I track a Xendpay Money Transfer

You can track a Xendpay money order by calling Xendpay or by tracking the order online. Call Xendpay number on +44 20 7220 8158. The Xendpay automated phone system will take a few details and give you a status update. You can go online to the Xendpay website and check the status of a money transfer at any time.

If you have a Xendpay 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 Xendpay transaction, use the Xendpay payment reference number on the Xendpay website to check the status of the transfer.

Can I cancel my Xendpay transfer?

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

You may need to contact Xendpay by phone on +44 20 7220 8158, through their website at secure.xendpay.com or via email [email protected]. Requests are typically processed within 30 days, and you may be charged a cancellation fee by Xendpay.

If you made the Xendpay 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 Xendpay 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 Xendpay transfer on their website.

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