Has anyone in Zelle seen their customer reviews? Not good! Zelle has the right idea but their product and customer service is lacking. There are hundreds of thousands of people who think that they can send money internationally with Zelle. This is not possible. There are good and inexpensive alternatives to Zelle for international money transfer.
Background: Zelle offers money transfers within the USA. Customers need to have a U.S. bank account configured within the Zelle Pay app to begin transferring money. You contact details you register with allows people to send you money. The ZellePay app reads your phones contacts and matches to existing Zelle customers. This allows you to send money to people through Zelle.
Problem #1: If the person you are sending money to through Zelle is not an existing ZellePay customer, they are sent a link to sign up to Zelle to receive their money transfer. If they don't, their money cannot be retrieved and the sender cannot get their money back!!
Problem #2: Zelle doesn't work when you want to transfer money to friends and family overseas. So many people are searching for Zelle alternatives for international money transfers. This is how iCompareFX can help!
Solution: Below you can find the best international money transfer services for sending money overseas from the USA. If you are outside the USA, you really should check the iCompareFX money transfer comparison engine to find the best international money transfer companies that support your country.
FAQs
7 best ways to send money
- Zelle.
- Venmo.
- Cash App.
- PayPal.
- Apple Cash.
- Google Pay.
- Samsung Pay Cash.
- Considerations for using peer-to-peer payment methods.
8 Best International Money Transfer Apps in 2024
- Wise.
- Revolut.
- OFX.
- Western Union.
- Xoom (a PayPal Service)
- Remitly.
- Xe Money Transfer.
- WorldRemit.
Can I send money through Zelle internationally? Zelle is only available for customers with a US bank account and US registered mobile number. That means it's not an option for sending international payments to friends and family overseas.
What's the best international money transfer service? ›
Our Top Picks for the Best Ways to Send Money Internationally
- Wise — Best for Low Fees.
- PayPal — Best for Peer-to-peer Money Transfers.
- Western Union — Best for Availability.
- MoneyGram — Best for Cash Transfers.
- OFX — Best for Large Amounts of Money.
- WorldRemit — Best Mobile Option.
- XE — Best for Business Transfers.
OFX. OFX does not charge any fees, and the exchange rate is less than 1%, but all transfers must occur within bank accounts, and it typically takes two to four days for your recipient to get the money. The company can transfer money to over 170 countries or 50-plus currencies.
Who is Zelle's competitor? ›
Top Competitors and Alternatives of Zelle
The top three of Zelle's competitors in the Payments Processing category are Shopify Pay with 58.01%, Klarna with 7.14%, Amazon Payments with 6.48% market share.
Which is the best payment method for international transfer? ›
International Payment Methods: Simple Guide (2024)
- SWIFT (Society for Worldwide Interbank Financial Telecommunication) payments are bank-to-bank transfers. ...
- Debit cards are plastic or digital cards linked to a customer's bank account. ...
- Credit cards are often used for international transactions.
Bank transfers are usually the cheapest option when it comes to funding your international money transfer with Wise. Bank transfers can be slower than debit or credit cards, but they usually give you the best value for your money.
What cash app works internationally? ›
Using the Cash Card: While Cash App itself isn't available internationally, the Cash Card (debit card) can be used for transactions in most countries except for a specific list of sanctioned countries. You can find this list on Cash App's website under "Travel and International Transactions".
How do I send money to someone in another country? ›
Bank draft, wire transfer, money order or online remittance – for the occasional transfer, you might not be fussy with how you send your money. There are many options but you should prioritise what's important to you. Some methods are easier but take longer. Some are more expensive but get there quicker.
No, Venmo does not work internationally. Its functionalities are strictly limited to the United States. Here is why: Geographic Restriction: Venmo is only available for users residing within the U.S. and requires them to have U.S. bank accounts linked to their accounts.
Can I use PayPal to transfer money internationally? ›
With PayPal, your international transfers can reach numerous destinations like the Philippines, Canada, China, United Kingdom and more quickly when you send to another PayPal account. With Xoom, the time to receive money varies if you choose to send via another delivery method.
What is the most secure online money transfer? ›
The Best Apps to Transfer Money for 2024
- Paypal: Best overall.
- Venmo: Best for sending money.
- Cash App: Best if you like options.
- Google Pay: Best for Google suite users.
- Apple Pay: Best for Apple users.
- Zelle: Best for sending money directly.
- Western Union: Best for traditional domestic transfers.
Funding your money transfer with a bank transfer is usually the cheapest way to send money abroad.
What do I need to transfer money internationally? ›
Their Bank Identifier Code (BIC), SWIFT code or national bank code. Their bank account number or International Bank Account Number (IBAN). Their full name. Their bank's full address.
Can I send money to someone without Zelle? ›
What if the person I'm sending money to hasn't enrolled with Zelle®? If the person you're sending money to hasn't enrolled yet, they'll receive an email or text notification letting them know you've sent them money. They'll be guided through a few simple steps to get enrolled.
How do I send money besides Zelle? ›
Venmo, Cash App, Google Pay, Zelle, PayPal, and wire transfer are some of the safest way to send money digitally. Money transfer apps are inexpensive and convenient options for paying family and friends. Wire transfers at a bank are ideal for securely sending large amounts domestically or internationally.
Is Venmo more safe than Zelle? ›
Both of the payment services are decently safe, have user-friendly interfaces, and allow you to conveniently send money when you need it. Zelle stands out from Venmo with its absence of instant transfer fees, but it also cannot be used as a wallet. So, if you need a wallet function, you should go for Venmo .
What is downside of using Zelle? ›
Unlike many money transfer apps, Zelle does not charge a fee for instant transfers. Zelle transfers are generally secure, but the app does carry risks, including the risk of glitches at banks that can affect money transfers.
