When choosing a provider, consider:
Cost factors:
Total cost, not just advertised fees
Exchange rate markup vs. mid-market rate
Payment method fees
Hidden charges
Speed:
Typical delivery time for your corridor
Instant vs. standard options
Consistency and reliability
Convenience:
Mobile app quality
Ease of use
Repeat transfer features
Recipient management
Limits:
Maximum/minimum transfer amounts
Daily/monthly sending limits
Account level progression
Security and trust:
Regulatory licensing
Company reputation
Customer reviews
Years in business
Customer service:
Support availability (24/7 vs. business hours)
Contact methods (phone, chat, email)
Response time
Resolution effectiveness
Special features:
Multi-currency accounts
Debit cards
Business features
Rate lock options
PayinGlobal provides data on all these factors for each provider.
