Paysend
Edinburgh-registered e-money firm that pays out to 170+ countries to accounts, cards, e-wallets or cash, with an enterprise network behind it
Quick Overview
| Company | Paysend Plc |
|---|---|
| Category | International Money Transfer Services |
| Headquarters | Edinburgh, United Kingdom |
| Founded | Not stated |
| EU Presence | Yes - United Kingdom (FCA); EEA terms reference an EU entity |
| Data Location | See global privacy policy |
| Open Source | No |
| GDPR Compliant | Yes |
| Self-Hosting | No |
| Main Features | Transfers to 170+ countries, payout to account, card, e-wallet or cash, transfer tracking, request money, enterprise API |
| Pricing | Rate and fee shown before you confirm; see website |
| Best For | Senders who want card or wallet payouts as well as bank accounts |
| Replaces | Remitly, Western Union |
Detailed Review
Paysend promotes two products on one infrastructure: the consumer app and a Paysend Network for enterprises, with API documentation and embed options. The consumer side lets you send to 170+ countries and track each step.
Paysend Plc is incorporated in Scotland (SC376020) and listed by the FCA under firm reference 900004.
Payout variety
The homepage names an account, a card, an e-wallet or cash as the ways a recipient can get paid. Which of them exists depends on the route, so the calculator is the place to see what a given country supports.
Quote before commitment
The company says its rate and fee are always shown before you confirm. Delivery times are described as varying by route, payout method, receiving bank, time of day and compliance checks.
Entity wording to read
UK terms are titled as Paysend PLC and EU DAC terms. The EU entity is referred to by that abbreviation in the pages checked, so the full name should be read in the agreement before an EEA customer signs up.
Limitations to Consider
Delivery is described as variable and subject to compliance checks, so urgent transfers deserve a test run. The pages checked name the EU entity only as "EU DAC", and the company also lists an office in Miami, so check which entity your account is with. The fee level is not published on the homepage. Compare against TransferGo for the same route.
Who Should Use Paysend
People who want to send to a card or e-wallet and who accept a UK-based e-money institution as counterparty.
Pros and Cons
Pros
- 170+ destinations
- Card and wallet payouts
- FCA-listed with firm reference
- Request-money feature
- Large app store review base
Cons
- EU contracting entity abbreviated in public pages
- Fees only visible in the calculator
- Not a bank
- Delivery times vary by route
Alternatives to Paysend
Other European international money transfer services worth comparing before you decide:
TransferGo
United Kingdom / Lithuania · Vilnius-rooted sender paying out to 160+ countries from Europe
LemFi
Ireland · Migrant-focused app sending from Europe to Africa and Asia
Wise
United Kingdom · Per-use transfers and a multi-currency account, no subscription
Taptap Send
Belgium · Belgian payment institution serving EU senders to Africa and Asia
See all European international money transfer services or compare them directly against Remitly on our alternatives page.
Frequently Asked Questions
No. The footer describes it as authorised by the FCA as an electronic money institution.
Paysend Plc is registered in Scotland with company number SC376020, with its registered office in Edinburgh.
The company lists cash among payout options, subject to the route.