The company was founded and established in London in the year 2018, spearheaded by Daniel Biggs, Zeb Bham, Richard Chunn, and Matthew Clarke as founders in the name Privalgo Limited. It prides itself on being one of the best ways to transfer money from one country to another by providing solutions on foreign exchange and international money transfers and payments. The services rendered are to both businesses and individuals.

The company offers other products in partnerships and referral services. Its operations are authorized and regulated by the Financial Conduct Authority under firm reference number 900887. The firm is operating as an electronic money institution under regulation by the Electronic Money Regulations of 2011.

Steps of Transactions by Privalgo

To wire money from one country to another, Privalgo has steps outlining the processes involved from the beginning to the recipient receiving their money.

1. Signing up – the easiest way to utilize the services of Privalgo is by opening an account for free by visiting the company’s website to be able to set up an online transaction.
2. Setup payment – proceed and provide the recipient’s details as well as the amount to be sent. Money transfers are done via a bank account transfer and e transfer as currently, the company does not offer card transfer services on credit card and debit card.
3. Transfer payment and authorization – upon paying for the transfer fees, authorize the transfer once you've verified on the correctness of the details.
4. Process completion – the company shall pick up the process to complete the transfer to the recipient in the preferred currency and location.

The Cost of Transfer and Exchange Rate

The cheapest way to send money from one country to another is always at no cost, and that is what Privalgo is offering. The company grants free transfer fee services except for the recipient that may pay receiving fees depending on bank rates where money withdrawal takes place.

There are exchange rate charges levied depending on the currency transacted or the amount you intend to send. Privalgo, generally, charges an overall figure of 1% on any exchange rate margin above the center market rate.

Gains in Using Privalgo

• It is cheaper as there are no transfer fees levied on all transfers
• Reliable in service delivery as it assigns each client a dedicated account manager to offer expert guidance
• Easily accessible on multiple platforms as you can trade via phone, email, or online
• Speedy service delivery due to ease of access to the customer service unit with a dedicated hotline and email address operating from Monday to Friday
• Has no limitation on the maximum amount you can send, though the minimum amount is £4,000
• Speed of money transfer is desirable at same-day delivery within Europe and 2 to 3 days to other destinations
• It is a secure money transfer platform due to its adopted SSL encryption technology and sturdy systems protection its and clients’ information and assets
• It is compliant with regulations, has high ratings amongst its clients, and has bagged several awards on reliability and product superiority.
• Grants flexibility on transfer cancellation provided the recipient has not cashed out
• One-stop-shop for multiple world currencies