Profee money transfer

Profee was launched in 2017 and is now an international money transfer service that allows its users to perform easy and fast card to card transfers without any hidden commissions. Works both for transfers within Europe in euro and local currencies, as well as for transfers from Europe in euro and local currencies to Ukraine in hryvna.

Considering that Profee operates based on its Electronic Money Institution license as issued by the Central Bank of Cyprus, all users’ data is securely stored whilst at the same time it safeguards that the recipient will receive the funds transferred to them.

Contact Profee

Website
Phone
+357 22 000 253
Customer service

Profee

Founded
2015
Operating license activated
2017
Head office
Nicosia, Cyprus
Available
EEA countries, Ukraine

Transfer options

Countries
33
Currencies
13
Transfer time
few minutes to 24 hours
Transfer limit
depends on your account level

Withdrawal options

Card

Payment options

Pre-paid Card

For the security of our clients all Profee accounts have limits for the amounts to be sent. Monthly limit for Basic account transactions is 150 euro and this is the account level user gets at registration.

Plus account allows users to make transactions worth 15.000 euro every year and the limit can be used up in one day. You will be required to upload a photo of your proof of identity and proof of address document for this account level.

Provision of information and documentation with regards to your source and value of wealth will allow upgrading to Premium level with annual transactional limit of 100.000 euro.

How to make the transaction

  1. Enter transfer amount and select currencies – you will see the exchange rate applied and the indicative amount to be credited to the recipient;
  2. Register on the website - you will need to provide your phone number, email address, your name and surname, residential address details, date of birth and citizenship;
  3. Verify your identity - should the transfer amount exceed your account limit you may be asked to verify your identity by uploading photos of your identity and proof of residence documents, as well as a selfie with your identity document in hand. Verification process is automated; however, it might take up to 25 minutes to verify the provided documents.
    In this case in order to proceed with the transfer, you will have to re-initiate the transfer;
  4. Enter card details – enter sender’s and recipient’s card details, hit Send button and confirm the transfer with an SMS-code.

The cost of transfer and exchange rates

Profee applies commission per transaction in the range between 0-4.5% based on the following conditions: (a) currency pair, (b) the amount of the transaction, (c) geographies/corridor that you send money from/to, (d) means that Profee will use to deliver the payment.

Information regarding the exact commission applied will be available on the transfer confirmation page. The same way as the exchange rate applied will be displayed on the transfer confirmation page before you complete the transfer.

The amount displayed on the screen for each transfer as the funds that will be delivered to the recipient is indicative as we cannot guarantee any fluctuations on the exchange rates. At the same time, we do not know any fees that may be charged by the institution who issued the card.

Advantages of using Profee

  • No hidden fees. Commission applied, as well as the exchange rates applied are displayed on payment confirmation page.
  • Handy transfer calculator immediately shows the amount to be credited to the recipient’s card.
  • Favourable exchange rates.
  • Instant increase of the limit applied to the account once your identity has been verified.
  • Transfer in real time and directly from card to card.
  • Card issued by any European bank can be used to send funds, the same way as card issued by any Ukrainian bank can be used to receive funds.
  • Card data is stored safely in encrypted form in full compliance with the international PCI DSS standards.
  • Sender opens Profee e-wallet account that also allows to issue virtual and / or plastic cards that can be used for daily expenses.

Popular destinations of transfers