At Paymentearth, sending payments across the globe is quick, secure, affordable, and all with exceptional customer service!
How quickly is my FX transfer made?
Payments are delivered via SWIFT or Local networks. As a continually evolving network, SWIFT advancements allow for both Same Day and Next Day delivery.
Typically, funds are released overnight to the SWIFT network, with final credit based on individual bank efficiency (i.e. a human being must still credit the wire to the appropriate account).
How do I know sending money with Paymentearth is secure?
Paymentearth is a licensed and bonded Money Transmitter, able to service customers in all 50 United States. We are regulated by the Financial Crimes Enforcement Network (FinCEN) – registration number: 31000126701006
Paymentearth is also bound by all tenets of the BSA (Bank Secrecy Act), and we follow the industry’s KYC (Know Your Client) rules and regulations, along with the requirements of OFAC (Office of Foreign Asset Control). In short, we have zero incentive to do anything other than offer a fair, transparent business model that serves our clients.
Paymentearth is governed by the same regulations as larger banking brands but offers personal customer service, a much beloved transparent pricing model, and a state-of-the-art online portal, which includes some basic accounting functions too.
What does it cost to send money to Europe?
In short, the cost for sending money to Europe with Paymentearth is simply our fixed margin above the interbank rate, plus a wire fee for payments less than $5,000 USD worth of currency. For payments over $5K, Paymentearth charges NO fee for Local payments and only $8 for SWIFT payments.
Paymentearth can deliver funds to Europe through SEPA (Single Euro Payments Area), or SWIFT (Society for Worldwide Interbank Financial Telecommunication) networks.
What determines which wire fee I pay?
Sending a payment locally (via the SEPA network) avoids the common banking practice of intermediary banks taking small fees from your delivered funds, and local payments usually credit within 24 hours of your delivery date.
For expedited delivery, or the added surety of SWIFT receipts and/or MT103 reports, clients can send wires via SWIFT, for $8.
To send USD to Europe, it’s a flat $30 fee. No percentages, just 30 bucks.
What if I need to talk to a human being?
Not a problem at Paymentearth! Think of us as a resource! We’re experts in this industry and have decades of experience to offer in navigating the finer points of international payments. While many other “FinTech” companies are opting for automated ‘bots’, or overseas “customer care” centers, Paymentearth remains Made in the USA, with real human beings ready to answer your questions.
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Our clients are thrilled!
We used to use three FX companies in order to keep the rate reasonable. With Paymentearth, they walked us through how to calculate the exact spread we get on every deal! A big time saver and a great way to do business!
Almost any bank can help get a wire out, if that’s all you need. Paymentearth goes above and beyond for us though, and for a small business like ours, it makes a big difference to get such expert service. Of course, the rates are good too!
Paymentearth makes uploading an excel file of all my monthly payments very easy! I upload it on their site and I’m able to print a confirmation in minutes! When we combine this with transparency and knowing our exact spread, it is a no brainer!
It’s not often that we need foreign cash, but it’s very convenient to order what we need from Paymentearth, and have one less thing to worry about before the trip.
There is a big move toward transparency in FX, but then it can be impossible to actually talk to a real person. With Paymentearth, they analyzed my business, gave me a fixed rate, and I can call them anytime. Frankly, they’re just straight-up, and I appreciate that.
In my experience, banks are only willing to bend over backward if you’re a giant company. I’ve never felt that with Paymentearth. These guys are upfront, they’re knowledgeable, and they genuinely seem to value my business. It’s actually a pretty good feeling.
My guy at Paymentearth took the time to explain how Forward Contracts work, and how they can help my business. My bank never gave me half the attention of Paymentearth.