Presently hosting more than 1.9 million corporate and private customers, the agency supports many forms of financial services for both big and small businesses. It is registered and fully licensed by the UK FCA and it operates in all states belonging to the EEA.

Paysend also runs an independent TPP/MSP center for processing remittances, digital payments and acquiring services to different classes of resellers, payment merchants and providers. Some of the money merchants it collaborates with are Mastercard, Visa and UnionPay International.

Steps about How to Make a Transaction

To show that time is valuable and must not be wasted, the company enables a quick account registration. In just a matter of a few minutes, you can get and link an International Banking Number (IBAN). Here are the steps you need to follow to begin Paysend banking.

Step #1- Website Visit:

In order to have an account registered, you must first visit the company’s website. This will allow you to register online.

The online registration is simple. All that you need to have are details of your full name, date of birth, your email and a secure password.

Step #2- Entering Personal Information:

Once you are on the website simply enter your pertinent information in the fields provided.

Set up a unique password and you are done.

Step #3- Verification Process:

This is the last and the most important part of the registration process. You will be prompted to verify the following:

• Your email address.
• Your Phone number.
• Your identity by uploading a government issued ID or passport.

The moment the verification process is over, you are immediately led to your dashboard page where you can initiate transactions.

Step #4- Initiating Transfers

• On your dashboard, click Payments & Transfers and choose transfer to another client.
• Select the method of transfer then enter the amount to be transferred.
• Provide your payment details and the recipients information.
• Check and ensure all the information given is correct and then confirm the transaction.

Step #5- Tracking Transaction

The last step in the transaction process is to track your transaction. To do that, you need to download the app for Paysend on your smartphone.

Fees & Exchange Rates

The fees and exchange rates are determined only after Paysend gets all the important documents and information. The rates are not uniform but vary depending your particular industry. All rates are low and favorable, and money transfers attract flat fees.

Advantages of Paysend Business Account

This method of transfer provides all the conveniences you can hope to get anywhere else. The company has the following advantages:

• It facilitates an affordable, fast, and simple means of spending, sending or holding money.
• It partners with reputable money vendors like UnionPay, Mastercard, and Visa.
• Provides 24/7 support via email or chat
• You can send money to bank accounts or credit cards.
• Allows payments in multiple currencies for either in-store or online transactions.
• Allows free spending with no fees on your card.
• It offers security guarantees through reliable and convenient protection against fraud.
• Convenient and reliable anti-fraud protection.
• Seamless international transaction.
• Supports both mobile and web interfaces.