Should I use PagoFX for money transfers?
Is PagoFX Safe to Use?
Services Offered by PagoFX
Our Top Rated PagoFX Alternatives
On Money Transfer Comparison, we have reviewed 80+ money transfer services, 40+ of which could be considered direct PagoFX competitors. View our best rated PagoFX money transfer alternatives which have received higher ratings below:
- Min Transfer: £/€/$ 100
- Currencies Supported: 39
- Offices : UK, EU, USA, India, South Africa.
- Our Rating : 97.8%
- Most Global Offices and Reach
No Fees from Anywhere and Competitive Rates
96% Client Satisfaction
- Min Transfer: £/€ 100
- Currencies Supported: 40
- Offices : UK, EU, Singapore, and Australia.
- Our Rating : 93.4%
- High Quality Bespoke Service
MoneyFact's Best Provider Award
Over 100 Years of FX Experience Across Its Trading Desk
- Min Transfer: £/€/$ 50
- Currencies Supported: 120
- Offices : UK, EU, Australia, USA, HK, UAE, and South America.
- Our Rating : 92.8%
- Business Oriented, Many High Profile Business Customers
Industry Veteran since 1979
Diverse Hedging Options and Excellent Guidance
This PagoFX review will look into the Santander-backed international money transfer service and everything it has to offer. We’ll break down the PagoFX fees, the PagoFX rates and the quality of the PagoFX app. We’ll also look at the overall level of service provided, including what existing clients have had to say in their PagoFX reviews. Read our dedicated PagoFX Money Transfer review to learn more.
Despite its recent 2020 launch, Pagofx money transfer doesn’t appear to be disrupting the international payment industry with anything groundbreaking. The Pagofx app appears to be smooth and Pagofx fees are fair, particularly when you consider it’s been launched by Santander. The transparency in Pagofx rates is also nice to see from a bank-backed provider. Ultimately though, the online-only offering is similar to that of the already dominant Transferwise but is more expensive and has lower payment limits. At this stage, it also has significantly less functionality than many of the money transfer providers on the market today (including even online-only remittance providers).
Pagofx’s niche is for clients who are reluctant to move to challenger fintechs and would prefer the security of a service supported by a big bank. We’re sure there will be a segment of the market who this appeals to but providing you are choosing a money transfer provider that is processing significant volumes and has a long and credible history, we don’t think there’s a need to push for more security than this. For example, the sydney stock exchange listed OFX, or industry veteran Moneycorp we deem to be just as credible.