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Looking to transfer money abroad? Here's what Paysera has to offer

Money transfer abroad is quick, affordable, and simple with Paysera
In today's globalised world, it's common to move between countries for work or personal reasons, and with that comes the need to transfer money abroad. Whether you're a student studying abroad, a professional working overseas, or just someone wanting to send money to loved ones, Paysera has got you covered. Read on and let's find the best way for you to transfer money overseas.

Transfers in Europe: SEPA (Single Euro Payments Area)

With a Paysera account, you can make standard SEPA (non-urgent) transfers to banks in the European Economic Area (EEA). Or, put simply, you can send money across European borders with ease, without worrying about high fees or slow processing times. 

Who can use the feature and how long does it take?

All private and business Paysera users who are based in SEPA countries, and a few additional countries. The transfer typically takes 1-2 business days to reach the recipient. 

Does it cost anything?

Usually, they’re free of charge, with some exceptions, based on the sender’s country and whether they’re sending money abroad as a private person or a business client. Make sure you check all the details regarding the SEPA transfer fees before you make a transfer.

Also, please note that payment transfers overseas may cost more if the recipient’s bank account is not connected to the SEPA system.

Which should I use – the Paysera app or online banking and how do I do it?

You can make standard SEPA transfers via both the Paysera app and online banking! Also, no additional actions are needed – simply make a regular bank transfer, and it’s automatically a SEPA transaction. If the recipient’s bank has enabled the SEPA scheme – you’re good to go. 

Faster transfers in Europe: SEPA Instant transfers

You thought standard SEPA transfers sound great? Here’s an even better option – SEPA Instant transfers! 

SEPA Instant transfers are an excellent choice for anyone looking for a faster way to transfer money within the European Economic Area (EEA). 

As the name suggests, SEPA Instant transfers provide the recipient with the funds within seconds of the transaction. This is a significant improvement over traditional standard SEPA transfers, which take 1-2 business days.

Something to keep in mind:

The transfer limit is 100,000 EUR

Who can use the feature and how long does it take?

All Paysera users based in SEPA countries and the recipient’s bank must be a member of the SEPA Instant system. The transfer takes literally seconds.

Does it cost anything?

SEPA Instant transfers are usually free when it comes to international payment online and transfers in euros.

Which should I use – the Paysera app or online banking and how do I do it?

The service is enabled for both. Just like with the standard SEPA transfer, no additional actions are required, as SEPA Instant is automatically applied to any transfer you make. Just ensure that the recipient’s bank is in the EEA and a member of the SEPA Instant scheme. 

Make an international money transfer in seconds with Paysera

Transfers outside the EEA

We've talked about transfers within Europe. But what if you need to send money to your loved ones or for business purposes outside the EEA? 

Don’t worry, Paysera’s got your back.

Ever heard of TARGET2? 

Long story short, TARGET2 is a payment system used by banks in the EU and EEA to transfer funds between each other, and it can also facilitate transfers outside the EEA through correspondent banking relationships.

As a member of TARGET2, Paysera makes it possible for its clients to do just that – send money outside the EEA with ease!

Something to keep in mind:

  • Transfers outside the EEA can be made in euros only. 
  • The recipient’s bank must be included in the list of the TARGET2 system.
  • Correspondent banks may charge additional fees from the transferred amount.
     

Who can use the feature and how long does it take?

All Paysera clients can use the feature, however, while we enable transfers to 180+ countries, transfers to some countries are not available. The transfer may take up to 3 business days for the recipient's bank account to receive the funds.

Does it cost anything?

It will cost 7 EUR or more, depending on your circumstances. Read more about it here

Which should I use – the Paysera app or online banking and how do I do it?

It's available for both!

Transfers outside the EEA via the Paysera app:

Transfers outside the EEA via online banking: 

Paysera supports its clients in making international money transfers outside EEA Paysera

Transfers in other currencies

If you’re conducting business on a global scale or ordering products and services from overseas for personal use, you know what's it like when it comes to dealing with all the fees and hassle of different currencies. Here’s where Paysera comes in.

We understand the importance of flexibility, which is why we offer our clients access to more than 30 different currencies. 

Our international transfers are also much more affordable than those of traditional banks due to our multiple bank accounts in different countries. This allows us to offer competitive transfer prices by performing the transfer locally.

And the best part? 

You can convert your funds within the same account, making international transactions smoother than ever before. It’s all in one place. 

Something to keep in mind:

  • As a private client, if you exchange up to 500 EUR in a month or more than 5000 EUR at once, you'll automatically get the best possible rate. It's that simple!
  • For our business clients, we're excited to offer a better-than-normal rate when you exchange more than 5000 EUR at once. But if your business is trading with foreign countries, and you exchange larger sums on a monthly basis, we're ready to take your experience to the next level with a special offer tailored to your specific needs. Contact us today to see how we can help you make the most out of your international currency exchanges!

Who can use the feature and how long does it take?

Both private and business Paysera clients can use the online service! The duration of the transfers depends on the specific foreign currency, but should never take longer than 3 business days, and many transfers reach the recipient immediately.

Does it cost anything?

Currency exchange rates and fees vary depending on the currency, recipient country, and bank. You can check them on Paysera's currency exchange rate calculator.

Which should I use – the Paysera app or online banking and how do I do it?

You can transfer money in different currencies via both the Paysera app and online banking! It works the same way as a regular bank transfer. However, before you transfer money in different currencies, you’ll want to exchange it into the currency for your desired amount, and it’s very easy to do, just follow a few simple steps! 

Currency exchange via the Paysera app:

Currency exchange via online banking:

Sending money anywhere: Transfers between Paysera accounts

Imagine if you could send money to anyone, anywhere in the world. In seconds. 

Great news – you can! Both you and the other person simply need a Paysera account (which, by the way, is totally free of charge). 

Don’t miss out on the advantages of Paysera – sign up for free!

Who can use the feature and how long does it take?

Anyone with a Paysera account can use it and it takes only a few seconds.

Which should I use – the Paysera app or online banking and how do I do it?

The functionality is enabled for both – whichever one suits your needs best, just take your pick. Or do it via both – totally up to you!

Transfers between Paysera accounts via the app:

Transfers between Paysera accounts via online banking: 

Make international money transfers in seconds with Paysera

Cash pickup transfers

In today’s digital age, it’s easy to assume that all transactions are electronic, but let’s not forget the power of cash. We strive to cater to all our client’s needs, and that’s why we offer the option to make transfers that can be picked up in cash by the recipient.

The best part is that the recipient doesn’t even need a bank account or a debit card to receive the funds, and the transfer arrives in just minutes.

And the cherry on top? We currently have three options for cash pick-up transfers, each with its unique perks. 

The first two options, exclusively for Ukraine, are through Globus Bank and PrivatBank. 

The third option, powered by Ria Money Transfer, is available to clients looking to transfer funds to around 500,000 Ria locations globally.

Something to keep in mind:

  • The recipient's name and date of birth are enough to complete the transfer. 
  • Fees apply.

For your convenience, we've prepared a comparison of the three cash pickup options via Paysera, but here's a quick summary.

Who can use the feature and how long does it take?

Private Paysera clients. Before you move forward with the cash pickup transfers, however, be sure to double-check the sender and recipient countries. As for the duration, both Globus Bank and Ria Money Transfer take up to 10 minutes to reach the recipient, while PrivatBank can take 10–20 minutes.

Which should I use – the Paysera app or online banking and how do I do it?

As of writing this blog post, Ria Money Transfer services and Globus Bank transfers are available via Paysera’s online banking only and PrivatBank is not enabled yet, but coming soon.

Cash pickup transfers via online banking: 

To sum up

If you've made it this far, you must be serious about finding the best money transfer solution. As you now know, Paysera is here to save the day with its wide range of online international money transfer options that cater to all your international money transfer needs.

Are you sending money abroad within the EEA? No problem, Paysera has you covered with its options for international transfers: between Paysera accounts, SEPA, and SEPA Instant.

Do you need to make an international payment outside the EEA? You're in luck! Paysera is a member of TARGET2, making it easy for you to transfer your funds globally.

Are your loved ones in need of cash, as soon as possible? Don't sweat it! Paysera's cash pick-up transfers are exactly what you're looking for, available almost anywhere around the world.

And if that's not enough to convince you, Paysera also offers over 30 currencies and competitive exchange rates, making it easy for you to exchange and transfer your money internationally without breaking the bank.

So, what are you waiting for? Say goodbye to complicated money transfers and choose Paysera for your next transaction. Your wallet will thank you later!

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