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Paysend Receives 4.7 Out of 5 Rating on Trustpilot

Paysend Receives 4.7 Out of 5 Rating on Trustpilot

Paysend, the next-generation payment platform enabling customers and businesses all around the world to pay, hold and send money online anywhere, anyhow and in any currency, has received a 4.7-star rating out of 5 on Trustpilot, demonstrating its brand’s exceptional trust among users.

“According to the United Nations, there are 270 migrants worldwide, sending home a staggering $689 billion”

A digital platform to help foster trust between businesses and consumers, Trustpilot allows consumers to shop with confidence while delivering valuable insights that help businesses improve the experiences they offer. With more than 26,000 reviews, an overwhelming majority of users rate Paysend as excellent, emphasizing the company’s outstanding customer experience and reliability.

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Based on recent reviews, Canadians are specifically citing Paysend’s ease of use, fast transfers and low exchange rates as significant benefits. According to one user who recently transferred money from Canada, funds were received abroad in just five minutes. Another user cited that Paysend was the best option for sending money, noting that it was quick and easy with low fees.

“According to the United Nations, there are 270 migrants worldwide, sending home a staggering $689 billion,” said Ronald Millar, CEO, Paysend. “These transactions are often life changing, making it imperative that the process of sending money is simple, quick and at a minimal cost. Through our recent expansion, we aim to help Canadians connect with and support those back home, but it requires trust and confidence from our users. We’re pleased with such an exceptional rating and remain committed to delivering the best experience.”

Paysend is changing the way people manage their money on a global scale. This year, the company obtained $125 million in a Series B funding round, furthering Paysend’s global expansion. With a successful beta phase and launch in Canada, Paysend’s solutions enable Canadians to receive more funds in their bank accounts, working with over 250 participating financial institutions with the ability to receive up to $10,000 CAD to a bank account in Canada. After completing the seamless onboarding process, users have access to fast transfers, competitive exchange rates and a low fixed fee of $3.

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Timur Shomansurov, Manager of Paysend Canada, said, “Canada continues to be a safe and welcoming destination for immigrants, with a growth rate far surpassing all other G7 nations. Looking ahead, Canada plans to further increase its immigrant population by 1.2 million by the end of 2023, bringing enormous value to our prosperity and way of life. But many of these individuals need better and more efficient ways to send money home to their families and friends. Paysend is making that possible.”

“We attribute our success and rapid growth to the trust our customers have in us. That trust is not taken lightly – it is essential to our operations and a driving factor for our team. Our rating on Trustpilot underscores the strong relationship we have with our users as we continue to help Canadians connect with and support their friends and family,” added Mr. Shomansurov.

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