The payment gateways make accepting and processing credit and debit card payments online quick and straightforward. With the help of payment gateways, you can accept payments online and offline by credit card. The systems for payment gateways also provide in-store Point of Sale (POS) processing. Remitly is the most efficient and authentic way to transfer your money.
Remitly is a digital remittance service. It is one of the best payment gateways through which we can transfer payments with a few clicks. For example, a consumer with a Remitly account can send money to someone else in another country.
Remitly has brought a lot of ease to the money transfer process. Are you ready to go through the benefits of using the Remitly payment gateway? Let’s dive into how it has become a helpful tool in payment transferring systems globally.
The Benefits of Using Remitly
There are several payment gateways. Also, they all have distinct functions. Remitly provides you with ease in any aspect of transferring your payments securely and safely. Here are a few things to think about Remitly when selecting a payment gateway for your business.
Trusted and Secure
Remitly is one of the most trusted and secure remittance services. The mechanism used to secure the transaction is remarkable. It is used to authenticate and authorize the account activities of customers. It uses the two factors of authentication and authorization, which make it more secure and reliable.
- Authentication is the process of verifying a user’s identity.
- An authorization states which resources a user can and cannot access.
Less Transfer Fee
The price structures of different payment gateways vary. For example, many remittance services charge high transfer fees. However, Remitly gives access to its services for a meager transfer fee. It demands a $1.99 transfer fee, even when sent with a debit card.
Fast Deposit
Depending on where you send your payments, it may take a while for them to arrive. Remitly provides two delivery options, frequently referred to as “Economy” and “Express.” The express mode of delivery gives a fast deposit. Also, it guarantees on-time delivery.
Moreover, you can also go with the economy mode of payment. For that purpose, you must wait for three to five business days for your cash to arrive.
Limit on Transfer
Remitly can transfer $2,999 within 24 hours after signing up. It can raise to $6,000 if you offer more proof of identification or financial support. Furthermore, it can raise to $10,000 if you include details about how you used Remitly. However, your monthly transfer limit is $30,000 per month.
Remitly Customer Support
Remitly guarantees delivery with no hidden charges. You can avail of its customer service 24 hours a day, seven days a week. In addition, the rating of their customer service is at the level of 5 stars. Therefore, anyone can call them at any time to discuss issues related to their services.
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How Remitly App Works (And When It Doesn’t)
When selecting a trustworthy money transfer service, costs and actual client feedback are the main deciding elements. However, other considerations also come into play. These enable you to safely choose either Remitly or another provider depending on your unique requirements.
When Does Remitly Work?
Sometimes, Remitly has to limit transfers to people. For instance, if you reside in a sending nation, you may transfer money to a relative to pay for travel, medical, or other costs. You can also transfer money for utility bills and other home or personal expenses. Remitly’s service offering may be especially appealing if that describes you.
- The areas where they excel.
- Express Cash Pickup Service.
- On-Time Promise or they will reimburse your transfer charge (not the margin.)
Remitly supports 17 sender countries and more than 50 receiver countries at the moment. So, it can be an excellent alternative if you have just relocated for employment to a developed nation. Also, it is quite helpful if you want to help your family back home.
When Remitly Doesn’t Work
It is possible that you might not be the right match for Remitly if;
- You wish to send money between nations that accept senders. Therefore, you cannot transfer money between the following countries: the United Kingdom, the United States, Australia, Canada, Ireland, Germany, France, Italy, Spain, Austria, Belgium, Finland, the Netherlands, Norway, Denmark, Singapore, and Sweden.
- You need to pay company charges like paying an employee who works abroad or purchasing merchandise.
- You wish to give to charity or send monetary gifts.
- You need money to pay for things and activities like gambling, guns, and controlled drugs.
- Instead of exchanging the USD, GBP, AUD, etc., into local currency, you are sending them straight.
- You wish to send money abroad for less than USD 100 or its equivalent.
How to Sign Up and Send Money with the Remitly App
To sign up and start sending money, follow the instructions listed below:
- Visit the Remitly website or get their app. It is available for both iOS and Android.
- Next, look for new customer offers when you click those links because they may be highly substantial.
- Enter the password for your account and your email address.
- To prevent delays, confirm your identification before starting a transfer.
- Verify that the sender nation and the target currency pair are correct.
- Pick a strategy, whether it is Express or Economy.
- Pay for your transfer.
- Your recipient’s information should be entered and verified twice. Moreover, they don’t require a Remitly account to receive money.
- Finally, send it.
Remitly makes it quick and simple to send money. All you have to do is set up your transfer account. It handles the rest afterward. They even notify the intended receiver when the funds arrive in their bank account or are available for pickup at a cash-pickup facility.
Conclusion
If you work overseas (in a developed nation) and wish to send money home to assist your family, Remitly is an excellent money transfer service. They offer transfers to more than 50 countries globally and are available in 17 sender nations.
These include the UK, US, Australia, Ireland, Canada, Germany, France, Italy, Spain, Austria, Belgium, Finland, Netherlands, Norway, Denmark, Singapore, and Sweden. So, are you ready to remit your remittance in the fastest and most secure way? Visit Somquest to learn more about amazing apps and technologies.