Xendpay vs. TransferGo
Choosing the right payment processing platform can be a hassle, especially with so many options currently available. In today's comparison, we are pitting Xendpay against TransferGo to help you decide which platform best suits your needs.
Money Transfer Fees
When it comes to money transfer fees, we cannot ignore TransferGo's edge against Xendpay. With TransferGo, sending money abroad comes with a 0.99% markup on the mid-market exchange rate. Xendpay, on the other hand, does not charge any mandatory fees, but it does give users the option to pay what they want as a "voluntary fee." While this may seem like a good option at first, it is important to note that Xendpay does not have a fixed rate, which can lead to confusion and uncertainty when trying to calculate the exact cost of sending money.
User-friendliness
Both Xendpay and TransferGo have user-friendly interfaces, but TransferGo is more intuitive with its interface than Xendpay. TransferGo has a mobile app that makes it incredibly easy to send money on-the-go, whereas Xendpay does not. TransferGo also lets users easily track their transactions and provides them with live updates on exchange rates. Xendpay does have some perks in this category though, since it lets customers pay using a debit or credit card, whereas TransferGo only accepts bank transfers.
Transfer Times
Speed is an essential factor when it comes to money transfer. Xendpay claims to provide fast transfers, with some taking as little as 24 hours. However, TransferGo is a clear winner in this category. TransferGo provides instant transfer times, which means that you only have to wait a few minutes for your transfer to complete. In addition, TransferGo also offers express transfers for an additional fee.
Customer Support
Both Xendpay and TransferGo offer customer support via phone, email, and live chat. However, TransferGo's customer support has a better reputation for being prompt and efficient.
Conclusion
In conclusion, TransferGo seems to be the better option. It charges lower fees, provides a mobile app, has a more trustworthy fixed rate, and offers instant transfer times. However, if Xendpay's voluntary fee structure appeals to you, go for it.