PaySend Plc

PaySend Plc Logo
TheBanks.eu Rating
Excellent  (4.24)
international money transfers

PaySend Plc (United Kingdom) is an electronic money institution authorized and regulated by the Financial Conduct Authority. PaySend is focused on international money transfers. The company offers transfers to bank accounts, transfers to card accounts, money requests, personal e-wallets, business IBAN accounts, payment cards, card acceptance to natural persons, companies. In 2023 PaySend Plc had total assets of 52.91 mln GBP, and generated net income of 1.45 mln GBP. During 2023 the company had 6 employees in average.


Company Profile Content


Products

personal e-wallets
business IBAN accounts
payment cards
card acceptance

Services

transfers to bank accounts
transfers to card accounts
money requests

Clients

natural persons
companies

Card Providers

  • MasterCard

Key Benefits

International money transfers

Transfer money to over 170 countries

Transfer fee and receivable amount are displayed beforehand

Money transfers are sent within seconds to your recipient’s bank

Global 24/7 support

Deliver money to 170 countries worldwide

(*)as stated by the company itself

TheBanks.eu Review

  13 August 2024, by Anna Mileiko

TheBanks.eu has developed a proprietary methodology to assign ratings to payment institutions based on their operating environment, company background, business model, market niche, product range, transparency, customer support and customer sentiment. According to the methodology, PaySend Plc is assigned the overall rating 4.24 (excellent) which is explained in details below.

Operating EnvironmentVery Friendly (4.81)
Product RangeBroad (3.81)
Market NicheAverage (2.86)
Company BackgroundStrong (4.16)
Customer SupportAverage (2.67)
Customer SentimentExcellent (4.47)
TransparencyVery High (4.42)
Overall RatingExcellent (4.24)

TheBanks.eu has also identified the following pros and cons of the company:

Pros

 Excellent customer sentiment
 Very high transparency
 Strong company background
 Broad product range

Cons

n/a

Global Account

Hold, send and spend your money in one simple app

Global Account
Currency
EUR, GBP
Payment Cards
physical
virtual
Customer Type
personal
Account Access
web application
mobile application

Currency

Global Account is a multi-currency account, allowing the account holder to have funds in the following currencies:

EUEUR (Euro)
GBGBP (Pound sterling)

Payment Cards

MasterCard cards can be ordered together with Global Account. Only plastic cards can be ordered, virtual cards are not available.

Corporate Account

Corporate Account
Currency
GBP, EUR, USD and 4 more
Payment Cards
physical
virtual
Dedicated IBAN
available (GB IBAN)
UK Account Number
not available
Customer Groups
all countries
Pricing Plans
single for all customers
Account Access
web application
mobile application

Currency

Corporate Account is a multi-currency account, allowing the account holder to have funds in the following currencies:

GBGBP (Pound sterling)
EUEUR (Euro)
USUSD (US dollar)
CNCNY (Renminbi (Chinese) yuan)
CZCZK (Czech koruna)
RURUB (Russian ruble)
CHCHF (Swiss franc)

Payment Cards

A payment card can be ordered together with Corporate Account. Virtual cards are not available.

International Transfers

  • SWIFT Transfers
  • SEPA Credit Transfers
  • SEPA Instant Transfers
  • SEPA Direct Debits

IBAN Countries

Dedicated IBANs assigned to Corporate Account belong to the United Kingdom.

Customer Groups

Corporate Account is offered to all countries.

Pricing Plans

Corporate Account is offered with a single pricing plan for all customers.

  • Corporate
  • Application Fee 0.00 EUR
  • Initial Fee 150.00 EUR
  • Monthly Fee 5.00 EUR
  • SEPA Out 0.50 EUR
  • SEPA In 0.00 EUR
  • SWIFT Out 30.00 EUR

Alternatives to PaySend Corporate Account

See Also

Money Transfers

PaySend offers money transfers between more than 70 countries in more than 20 currencies. Money can be sent from debit cards, credit cards and received to bank accounts, debit cards. Transfers made with PaySend are usually completed within 0-3 days.

paysend Money Transfers
Speed
0-3 days
Amount Range
n/a
Countries
70+ countries
Currencies
20+ currencies
Sending From
  • debit cards
  • credit cards
Receiving To
  • bank accounts
  • debit cards

Alternatives to PaySend Transfers

Compare PaySend Money Transfers

See Also

PaySend Crypto Assets Support

PaySend is neither registered with the Financial Conduct Authority (FCA) as a crypro asset firm, nor offers any crypto assets services. PaySend Plc does not conducts any crypto-related activities.

FCA Registration

No

From January 2020, firms carrying out specific cryptoasset activities in the United Kingdom need to comply with the amended Money Laundering, Terrorist Financing and Transfer of Funds Regulations 2017 (MLRs) and to register with the FCA.

PaySend Plc is not registered with the FCA as a crypro asset firm.

Crypto Assets Services

No

PaySend do not offer crypto assets services.

See Also

Financial Highlights

PaySend Plc Total Assets
PaySend Plc Net Income
GBP20222023change (%)
Total Assets64,721,000.0052,914,000.00-18.24%
Turnover57,717,000.0029,073,000.00-49.63%
Gross Profit10,251,000.003,221,000.00-68.58%
Net Income2,939,000.001,454,000.00-50.53%

See Also

Market Share

PaySend Plc Competitors
PaySend Plc Market Share
RankNameMarket %Total Assets
45 (+15 ) Taptap Send UK Limited0.20 %78.71 mln USD   (+116.22%)
46 (-3 ) PaySend Plc0.20 %64.72 mln GBP   (+14.83%)
47 (+35 ) Euro Exchange Securities UK Ltd0.20 %64.23 mln GBP   (+353.27%)

See Also

Mobile Applications

Mobile Application: Paysend Online Money Transfers

 4.3, 359 Ratings
Paysend Online Money Transfers
Paysend Online Money Transfers
Paysend Online Money Transfers
Paysend Online Money Transfers
Paysend Online Money Transfers Supported Languages
GBEnglish

Company Details

Country of Registration
GBUnited Kingdom
Company Number
SC376020
BIC
PAEDGB21
Authorized By
Financial Conduct Authority
Authorization Type
E-Money Institution
Reference Number
900004
Authorization Granted
2 February 2018
Authorized Activities
issuance of electronic money
placing cash to a payment account
withdrawing cash from a payment account
execution of payment transactions on a payment account (not covered by a credit line)
execution of payment transactions on a payment account (using a credit line)
issuing payment instruments or acquiring payment transactions
money remittance
execution of payment transactions via telecoms, IT system or network operator
account information services
payment initiation services

PaySend Plc is authorized by the Financial Conduct Authority as a e-money institution (reference number 900004) for issuance of electronic money, placing cash to a payment account, withdrawing cash from a payment account, execution of payment transactions on a payment account (not covered by a credit line), execution of payment transactions on a payment account (using a credit line), issuing payment instruments or acquiring payment transactions, money remittance, execution of payment transactions via telecoms, IT system or network operator, account information services, payment initiation services; the authorization was granted on 2 February 2018.

Funds Safeguarding
Yes
Deposit Guarantee
No

PaySend Plc is not a bank, it can't collect deposits from public or loan out its clients’ money. Hence, it does not have to participate in deposit guarantee schemes. However, PaySend is required to safeguard its customers’ money.

EEA Passport
No

Since January 2021, PaySend Plc can not conduct its activities in EEA member states. PaySend Plc keeps providing its services to EEA-based customers via PAYSEND EU DESIGNATED ACTIVITY COMPANY (Ireland).

See Also

Membership

SWIFT
SEPA

PaySend Plc is a SWIFT member and a SEPA (SCT, SCT Inst, SDD, SDD B2B) scheme participant.

MasterCard

PaySend Plc is connected to MasterCard payment card scheme.

See Also

Contacts

addressJohn Smith Business Park Cluny Court, KY26QJ, Kirkcaldy, United Kingdom
phone07760889352
Website Languages
GBEnglish
ESSpanish
DEGerman
ITItalian
FRFrench
RURussian
PLPolish
CNChinese
UAUkranian
TRTurkish
RORomanian
CZCzech

Social Networks

PaySend has profiles on the following social networks:

Customer Support

FAQ / Help Center
E-Mail / Contact Form
Live Chat
Phone
Account Manager
Multi-Lingual

Transparency

About Us / Company
Owners / Shareholders
Pricing
Management Team

See Also

Similar Companies

Country
GBUnited Kingdom
Business Focus
providing multi-currency IBAN accounts
TheBanks.eu Rating
 (4.87)
Country
GBUnited Kingdom
Business Focus
payment acceptance and processing
TheBanks.eu Rating
internal entity
Country
GBUnited Kingdom
Business Focus
payment processing for e-commerce
TheBanks.eu Rating
 (3.03)
Country
GBUnited Kingdom
Business Focus
digital payment solutions for businesses
TheBanks.eu Rating
 (2.93)
Country
GBUnited Kingdom
Business Focus
providing payment accounts
TheBanks.eu Rating
 (3.63)
Country
GBUnited Kingdom
Business Focus
payment processing solutions
TheBanks.eu Rating
 (3.14)

See Also

TheBanks.eu Values Your Privacy

We use cookies to provide you with an excellent user experience. By clicking “Accept All”, you consent to our use of cookies.

Customize Cookies

We use cookies to ensure an excellent user experience and provide personalized information. Below you will find a detailed description of all the types of cookies we use.

Necessary Cookies

Required for essential site functions, such as secure system log-in or setting your preference parameters. Necessary cookies do not store any personal data.

Analytical Cookies

Required for site usage statistics, allow the analysis of indicators such as the number of visits, traffic sources, etc.

Advertising Cookies

Required to provide personalized advertising based on visited pages and analyze ad campaign efficiency.