WorldRemit is a respected international money transfer company. As its name suggests, the company is focused on global remittances. Based in Denver, Colorado, this online money transfer company offers services to senders across 50 countries, with 140+ receiving destinations in the Americas, Australia, Asia, Africa, and continental Europe. The ‘raison d’être’ of this company is to facilitate international money transfers between friends, family, and acquaintances in foreign countries. All of this can be accomplished by simply using a PC, Mac, iOS or Android device.
The company’s founder, Ismail Ahmed happened upon this concept while he was studying at a UK University. He wanted to transfer funds back to his native country in Africa but found many problems with bank transfers. Besides for poor customer service, lengthy wait times and mounds of paperwork, the costs of bank transfers were simply untenable. Fast-forward to 2010 – the year that WorldRemit was born. By 2014, the company was backed by Accel Partners with a $40 million investment. By 2015, the company had managed to secure a $100 million investment through Technology Crossover Ventures (TCV). Despite this massive growth, no expense has been spared in delivering top-tier customer service and low-cost money transfers.
Ahmed envisioned a low-cost, convenient money transfer service that acts in direct competition to High Street Banks. Senders and receivers can easily transfer/receive funds across international borders through bank deposits or cash pickup. Other options include mobile airtime top-ups and mobile money transfers. The technological advancements and enhancements offered by this company ensure that it is easier than ever to send money across borders, without having to complete registration forms and transfer documents. The entire process at WorldRemit is conducted online, usually with mobile devices.
The process of sending money through WorldRemit is relatively straightforward. For starters, customers must select their country/region, and then proceed to the next section which focuses on where the money is being sent. You can send to dozens of countries around the world, and you can also choose the type of service you are seeking. These include options like cash pickup, airtime, or bank transfers. If you choose the airtime option, you will be required to send the recharge to the mobile telephone number, and then confirm that number to submit the transaction for processing.
Each country that you are sending money to has a listing of payment processing options. These will be displayed once you have made your selections online. Fortunately, you will always be aware of the Forex exchange rates, and the fees associated with these international money transfers. SMS notification and email confirmation will be provided to the sender and receiver once the money is sent/received accordingly.
There are multiple ways of receiving funds through WorldRemit, notably cash pickup, bank transfers, mobile money, airtime top-up, door to door payments, and prepaid card options. Since this international company offers money transfers to 140 countries, the receiving options will vary based on the country you’re sending to. These include bank deposits and cash pickups. It also depends on where you are sending money from. Money receipts are available instantly for bank transfers, cash pickups, mobile money, airtime top up, but home delivery can take anywhere from 24 hours through 7 days based on the location of the receiver. With all international money transfers and receipts, it is imperative that identification is provided to validate the transaction. This is part of the KYC (Know Your Customer) process.
WorldRemit is preferred by customers for 4 major reasons: it provides a simple and effective way to process remittances internationally. Since it’s available 24/7, it is easy to make international payments at the click of a button. The low-cost nature of the services provided by WorldRemit is another feather in its cap. The fees and exchange rates are all provided up front, so there are no nasty surprises for customers. Once the transfer has been processed, money is receivable within minutes. Transactions processing takes place rapidly, sans the lengthy delays that are typically associated with bank transfers. Perhaps the biggest selling point is the customer satisfaction evident on objective review sites. To date, WorldRemit has a 5-star rating on TrustPilot with 85% of the 18,894 reviewers giving it an excellent rating.
The transfer fees depend on the method you’re using to send money abroad. When you use a debit card, there are no additional fees other than those that are made available to you at the time you’re processing the transaction. Foreign-exchange fees may be levied if you’re using an out of country card for the money transfer. Most types of prepaid cards, credit cards, and debit cards are accepted, including all Visa and MasterCard, UnionPay, American Express, and Diners Club Credit Cards. WorldRemit clearly states that you can enjoy fee-free money transfers to 125 countries. The first transfer has zero fees, as indicated by the company.
The delivery times for WorldRemit depend on the transfer type. The following availability has been noted:
Fortunately, you can easily download the mobile apps for Android or iOS devices and enjoy on the go international money transfers. TheWorldRemit app at the App Store has a rating of 4.8/5 from 13,800 ratings and is ranked at #52 in finance. The App at the Google Play Store has a rating of 4.5/5 from 26,213 reviewers. These apps offer powerful money transfer services to 140+ countries around the world. Many of the reviews are overwhelmingly positive, and clients attest to the low-cost, and instant delivery of their funds abroad.
Customer support is available by clicking on the help & support option. Customers can access support via multiple channels including the FAQ, contact us, and social media channels on Facebook, Twitter, G +, and LinkedIn. The contact us button directs you to an email address – email@example.com. The FAQ section is equally useful since it provides stock answers to a wide range of questions that customers have about sending and receiving money.
WorldRemit offers a cost-effective, reliable and rapid money transfer service for the folks. This company specializes in remittances for clients around the world. The services provided by this company are available in 140+ countries, and multiple send/receive options are available, included phone top-ups, cash pickups, and bank transfers.