Paysend vs Monzo - Who is better? [UPDATED 2024]

When it comes to sending money across borders, we tested options like Paysend and Monzo have emerged as leading choices. Both Paysend and Monzo online platforms offer efficient and cost-effective and secure international money transfers from Paysend and Monzo.

We compare Paysend vs Monzo into the unique features and benefits that distinguish Paysend vs Monzo, empowering you to make an informed decision based on your specific transfer needs like Paysend vs Monzo fees, currencies available, available payment methods on Paysend compared to Monzo, support options offered by Paysend vs Monzo, speed and more.

Paysend vs Monzo: Quick Feature Comparison

  1. Visit Paysend alternative Paysend Visit Paysend

    Used By: 4000000
    Currencies Available: 167
    Transfer Fees: 2$
    Payment Methods: MC, Visa, debit card, credit card, prepaid card
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: none
    Max Transfer: 1000 USD
    Year Founded: 2017
  2. Visit Paysend alternative Monzo Visit Monzo

    Used By: 5,000,000
    Currencies Available: 1
    Transfer Fees: none
    Payment Methods: bank transfer, phone contact
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: none
    Max Transfer: 10000 GBP
    Year Founded: 2015

Paysend vs Monzo: Pros and Cons

Paysend vs Monzo
Advantages

Paysend Advantages Monzo Advantages
  • Paysend is available internationally.
  • Paysend has multiple currency options.
  • Paysend provides phone customer support.
  • Paysend provides email customer support.
  • Paysend is available to iOS Apple device users.
  • Paysend is available to Android mobile device users.
  • Monzo provides phone support.
  • Monzo offers registered customers email support.
  • Monzo has a Apple iOS app on Apple app store.
  • Monzo offers a Android Google Play Store mobile app.

Paysend vs Monzo
Disadvantages

Paysend Disadvantages Monzo Disadvantages
  • Paysend has no PayPal support.
  • Paysend has no Neteller payments support.
  • Paysend has no Skrill payment support.
  • Paysend does have a mobile digital wallet like some others.
  • No home delivery with Paysend.
  • No cash pickups with Paysend.
  • No money order support with Paysend.
  • No live chat support with Paysend.
  • Monzo has no PayPal option.
  • Monzo has no Neteller option.
  • Monzo has no Skrill option.
  • Monzo is not available is as many regions as some other providers.
  • Monzo has few fiat currency then some others.
  • No digital wallets with Monzo.
  • No Monzo home delivery.
  • No Monzo Cash pickups.
  • No Monzo money order option.
  • No Monzo Livechat.

Paysend vs Monzo Fees and Other Costs

Fee type Paysend Fees Monzo Fees
Transfer Fees 2$ none
Min Transfer none none
Max Transfer 1000 USD 10000 GBP
Payment Methods MC, Visa, debit card, credit card, prepaid card bank transfer, phone contact
Currencies AED, AFN, AMD, ANG, AOA, ARS, AUD, AWG, AZN, BAM, BBD, BDT, BGN, BHD, BIF, BMD, BND, BOB, BRL, BSD, BTC, BTN, BWP, BYN, BYR, BZD, CAD, CDF, CHF, CLF, CLP, CNY, COP, CRC, CUC, CUP, CVE, CZK, DJF, DKK, DOP, DZD, EGP, ERN, ETB, EUR, FJD, FKP, GBP, GEL, GGP, GHS, GIP, GMD, GNF, GTQ, GYD, HKD, HNL, HRK, HTG, HUF, IDR, ILS, IMP, INR, IQD, IRR, ISK, JEP, JMD, JOD, JPY, KES, KGS, KHR, KMF, KPW, KRW, KWD, KYD, KZT, LAK, LBP, LKR, LRD, LSL, LTL, LVL, LYD, MAD, MDL, MGA, MKD, MMK, MNT, MOP, MRO, MUR, MVR, MWK, MXN, MYR, MZN, NAD, NGN, NIO, NOK, NPR, NZD, OMR, PAB, PEN, PGK, PHP, PKR, PLN, PYG, QAR, RON, RSD, RUB, RWF, SAR, SBD, SCR, SDG, SEK, SGD, SHP, SLL, SOS, SRD, STD, SVC, SYP, SZL, THB, TJS, TMT, TND, TOP, TRY, TTD, TWD, TZS, UAH, UGX, USD, UYU, UZS, VEF, VND, VUV, WST, XAF, XAG, XAU, XCD, XDR, XOF, XPF, YER, ZAR, ZMK, ZMW, ZWL GBP

Paysend vs Monzo Restricted Countries

Paysend Country Restrictions

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

Monzo Country Restrictions

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

Paysend vs Monzo Transfer Speeds

Transfer Speed Paysend Monzo
Account Opening 1-3 days 1-3 days
Money Transfer Speed 1-10 days 1-10 days

Paysend vs Monzo Languages

Paysend Supported Languages

English, Chinese, Spanish, Russian, Ukranian, German, French, Italian, Polish, Romanian, Czech, Turkish, Uzbek, Hindi, Indonesian

Monzo Supported Languages

Paysend vs Monzo Verdict - Which is better?

Which is best out of Paysend and Monzo depends on your needs.

  • Paysend vs Monzo Transfer Fees: Transferring money with Paysend costs 2$ while Monzo charges none.
  • Paysend vs Monzo Supported Currencies: Paysend deals in over 1, where as Monzo offers transactions in 1.
  • Paysend vs Monzo Payment Methods: Paysend accepts MC, Visa, debit card, credit card, prepaid card, while Monzo allows transactions via bank transfer, phone contact.
  • Paysend vs Monzo Transfer Limits: Paysend allows transfers between none and 1000 USD. Monzo's range is none to 10000 GBP.
  • Paysend vs Monzo Minimum Age for Account Creation: Paysend requires users to be at least 18 years old, where as Monzo has a minimum age requirement of 18.
  • Contact Number: You can reach Paysend at 442072877815 and Monzo at 00 44 20 3872 0620.
  • Paysend vs Monzo Countries of Operation: Paysend operates in over 1 countries but has restrictions in over 1 countries. Monzo serves 1 countries and restricts operations in 1 countries.
  • Paysend vs Monzo Client Base: Paysend is used by 4,000,000, where as Monzo serves 5.
  • Paysend vs Monzo Year Founded: Paysend was established in 2017 and Monzo began its operations in 2015.
  • Paysend vs Monzo Customer Rating: Paysend holds a rating of 3, in contrast, Monzo has a rating of 3.
  • Paysend vs Monzo Headquarters: Paysend has its headquarters at London, UK, while Monzo is based at London, UK.
  • Paysend vs Monzo Employee Count: Paysend employs 120 individuals, where as Monzo has a team of 1,551.
  • Paysend vs Monzo Estimated Annual Turnover: Paysend turnover stands at 10900000, while Monzo boasts a turnover of 80000000.
  • Paysend vs Monzo Founder: Paysend was founded by Abdul Abdulkerimov, holding the position of Founder & Executive Chairman. On the other hand, Monzo was the brainchild of Carol Kobuke Nelson, currently holding the position of CEO.
  • Paysend vs Monzo Supported Languages: Paysend offers support in over 1 languages. Monzo communicates in 1.

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Screenshots

Paysend Screenshot

Paysend Screenshot

Monzo Screenshot

Paysend Screenshot