Both XE and Send Payments are popular international money transfer services. But which one is better?
Below we compare them on their fees and reviews.
Fees
XE | Send Payments | |
Homepage | ![]() | ![]() |
Transfer Fee | £2.00 under £250 (UK) €2.00 under €250 (EU) No fee for other sums | No fee |
Average Exchange Rate Markup | 0.2% to 1.4% | 0.01 |
Minimum Transfer Amount | $1 | AU$250 |
Maximum Transfer Amount | £350,000 (UK and EU) $535,000 (US) CAD $535,000 (Canada) NZD $750,000 (New Zealand) | No limit (AU$25,000 for recurring, daily transfers). |
Top Rated Money Transfer Service
Currencies Direct are the top rated International Money Transfer Service on our list.
- 4.9 out of 5 on Trustpilot based on over 8,000 reviews
- No transfer fees
- Bank-beating rates
- Award-winning service
- Exclusive Amazon gift card offer for users of MoverDB.com
Reviews
XE | Send Payments | |
Trustpilot Rating | 4.3 | 4.9 |
Number of Trustpilot Reviews | 61,500 | 250 |
iOS App Rating | 4.3 | N/A |
Number of iOS App Reviews | 5,300 | N/A |
Android App Rating | 3.5 | N/A |
Number of Android App Reviews | 113,000 | N/A |
Features
XE | Send Payments | |
App Transfers | Yes | No |
Online Transfers | Yes | Yes |
Phone Transfers | No | Yes |
In-person Transfers | Yes | No |
Available Countries | 170 | 180 |
Number of Currencies | 50 | 37 |
Payment Methods | Bank account Debit card Credit card Check Direct debit BillPay BPAY PayID Interac | Bank account PayID POLi |
Receiving Methods | Online wallet Bank account Cash pickup | Bank account |
Cash Pickup Option | Yes | No |
Payments Flexibility | Web platform Mobile app | Web platform Phone |
Supported Languages | English, German, Spanish, French, Portuguese, Italian, Swedish, Arabic, Japanese, and Chinese | English |
Transfer Speed | 1-4 days | 0-2 days |
Dedicated Dealer | Only for customers transferring above $70,000 | Yes |
Instant Custom Quote | Yes | No |
Business Features | Spot contracts Forwards contracts Market orders Digital multi-currency wallet Rate alerts API portal | Spot contracts Delayed contracts Limit orders Stop-loss orders Recurring transfers |
Debit Card | None | None |
Cancellation Policy | Only for cash pick-up transfers when the cash hasn’t been collected by the recipient | Most money transfers can be canceled upon contacting Send Payments. Note that transfers that have been completed are seldom refunded. |
Suitability | Small and large money transfers | Small and large money transfers |
Top Rated Money Transfer Service
Company Comparison
XE | Send Payments | |
Year Founded | 1993 | 2018 |
Headquarters | Newmarket, Ontario, Canada | Gold Coast, Queensland, Australia |
Other Office Locations | Canada, Australia, the US, the UK, and New Zealand | Sydney and Melbourne (Australia) |
Annual Trading Volume | £15 billion | AU$200 million |
Number of Employees | 350 | 60 |
Number of Clients | 150000 | N/A |
Regulatory Institutions | FinCEN in the USA FINTRAC and OSFI in Canada FCA in the UK ASIC in Australia | ASIC and AUSTRAC in Australia |
Awards | International Money Transfers Outstanding Value Award (Canstar, 2021) | Best International Money Transfer Provider (Mozo Experts Choice Awards, 2020) Finnies Finalist (FinTech Australia Awards, 2020) Most Promising Money Transfer Service for 2022 (MoneyTransferComparison, 2022) |
XE Pros & Cons
XE Pros
- Attractive exchange rates
- Broad currency selection
- Local presence in many locations worldwide
- A variety of payment methods
- Stellar customer service
- Extensive global reach
- Loads of experience under their belt
- Top-notch website and mobile app
- Offers instant custom quotes
- Fast money transfers with 50% transfers processed within minutes
- Cash pickup service
- Handy exchange rate alerts feature
XE Cons
- No dedicated account managers for all users
- Small transfer fees are imposed on certain small money transfers
- Sparse coverage of less-common currencies
- No solid cancellation policy in place
- Average Trustpilot rating
Send Payments Pros & Cons
Send Payments Pros
- A large selection of payment methods
- Top-tier customer service
- Stellar Trustpilot score
- No transfer fees
- Favorable exchange rates
- Fast money transfers
- Personalized care with dedicated account managers
- Customizable business tools including stop orders, limit orders, and delayed contracts
- 180 countries available
- Slick web design
Send Payments Cons
- No option for cash pickup
- A minimum limit of AU$250 for transfers
- A small selection of rare or exotic currencies
- No option for instant, tailored quotes
- No mobile app
Top Rated Money Transfer Service
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