Pangea Money Transfer is a leading international money transfer service provider that offers fast, reliable, and affordable services to individuals and businesses. The company’s mission is to provide a simple, secure, and transparent way to send money to loved ones and business partners around the world.
Pangea Money Transfer was founded in 2012 by Nishu Thukral and is headquartered in Chicago, Illinois. The company has since grown to become one of the most reliable and trusted money transfer service providers in the world. Pangea Money Transfer operates in over 40 countries worldwide, with a focus on providing services to immigrants and their families who need to send money back home.
Pros and Cons of using Pangea
| Pros | Cons |
|---|---|
| Competitive exchange rates: Pangea offers competitive exchange rates, which can help you save money compared to other money transfer services. | Limited transfer destinations: Pangea’s services are currently limited to 15 countries in Latin America and Asia, which may not be ideal for those who need to send money to other parts of the world. |
| Fast transfers: Pangea allows for fast transfers, with most transactions completed within minutes. This is especially helpful if you need to send money quickly. | Transfer limits: Pangea has daily and monthly transfer limits, which may not be sufficient for those who need to send larger sums of money. |
| Convenient payment methods: Pangea accepts various payment methods, including debit cards and bank transfers. They also allow cash payments at select retail locations. | Fees: While Pangea offers competitive exchange rates, they do charge fees for their services. These fees can add up, especially for frequent users. |
| User-friendly interface: Pangea has a user-friendly interface that is easy to navigate, even for those who are not tech-savvy | Customer service: Pangea’s customer service can be hit or miss, with some users reporting difficulty in getting their issues resolved in a timely manner. |
What is Pangea?
Pangea Money Transfer is a fast, convenient and reliable money transfer service that enables individuals to send money to their loved ones across the globe. With a focus on providing a seamless user experience, Pangea offers low fees, competitive exchange rates, and fast transaction times.
The company is committed to making money transfers accessible to everyone, regardless of their location or financial situation, and has built a robust platform that is easy to use and accessible through desktop and mobile devices. Whether you need to send money to family and friends, pay bills, or cover unexpected expenses, Pangea Money Transfer is a trusted solution that can help you get your money where it needs to go.
Pangea is available on both iOS and Android devices, and users can send money directly from their bank account or with a debit or credit card.
Why Choose Pangea Money Transfer?
There are many reasons why you should consider using Pangea Money Transfer for your international money transfer needs. Here are just a few:
1. Fast and Reliable Services
Pangea Money Transfer offers fast and reliable services that enable you to send money to your loved ones or business partners quickly and securely. With Pangea Money Transfer, you can expect your money to be delivered within minutes or hours, depending on the destination.
2. Affordable Rates and Fees
Pangea Money Transfer offers some of the most competitive rates and fees in the market. The company’s goal is to help you save money on your international money transfers, and they achieve this by charging low fees and offering excellent exchange rates.
3. Easy to Use
Pangea Money Transfer’s user-friendly platform makes it easy for you to send money to your loved ones or business partners. All you need to do is create an account, select the recipient, enter the amount you want to send, and pay. The entire process can be completed in just a few minutes, and you will receive a confirmation as soon as the money is sent.
4. Safe and Secure
Pangea Money Transfer takes security seriously and has implemented several measures to ensure the safety of your money and personal information. The company uses the latest encryption technology to protect your data, and all transactions are monitored 24/7 to detect and prevent fraud.
5. Excellent Customer Service
Pangea Money Transfer has a dedicated customer support team that is available 7 days a week to help you with any questions or issues you may have. You can contact the team via phone, email, or chat, and they will be happy to assist you.
See also, Wise Money Transfer Review 2023: Pros, Cons, Fees, and Features
How to Use Pangea Money Transfer
Using Pangea Money Transfer is easy and straightforward. Here are the steps you need to follow to send money:
1. Create an Account
The first step is to create an account on Pangea Money Transfer’s website or mobile app. You will need to provide some basic information, such as your name, address, and email address, and create a password.
2. Verify Your Identity
To comply with anti-money laundering regulations, Pangea Money Transfer requires you to verify your identity. You will need to provide a government-issued ID, such as a passport or driver’s license, and a proof of address, such as a utility bill or bank statement.
3. Select the Recipient
Once your account is verified, you can select the recipient you want to send money to. You will need to provide their name, address, and phone number.
4. Enter the Amount and Pay
Enter the amount you want to send and choose the payment method. Pangea Money Transfer accepts debit cards, credit cards, and bank transfers. You will be shown the exchange rate and fees before you confirm the transaction.
5. Track Your Transaction
You can track your transaction on the Pangea Money Transfer website or mobile app. You will receive a confirmation as soon as the money is sent to a recipient’s bank account.
6. Receive Confirmation
Once the recipient receives the money, you will receive a confirmation from Pangea Money Transfer. You can also track the status of the transaction on the platform.
How much does Pangea Cost?
The fee you’ll pay with Pangea depends on where you’re sending the money and whether you’re paying with cash or debit. Currently, Illinois is the only state that allows cash payments.
| Country | Pay with a bank account | Pay with debit |
|---|---|---|
| Mexico | $0* – $4.95 | $4.95 |
| India | $3.95 – $20.95 | $0*** – $3.95 |
| Philippines | $0* – $3.95 | $3.95 |
| Bangladesh | $0* – $4.95 | $4.95 |
| Colombia | $0* – $4.95 | $4.95 |
| Dominican Republic | $0* – $4.95 | $4.95 |
| El Salvador | $6.95 | $6.95 – $24.95 |
| Guatemala | $0* – $4.95 | $4.95 |
| Honduras | $6.95 | $6.95 – $24.95 |
| Indonesia | $0* – $4.99 | $4.99 |
| Malaysia | $0* – $5.99 | $5.99 |
| Singapore | $0* – $5.99 | $5.99 |
| Thailand | $0* – $5.99 | $5.99 |
| Vietnam | $0* – $4.95 | $4.95 |
What types of transfers does Pangea support?
There are certain limitations on Pangea when it comes to funding your transfer and receiving funds from your recipients.
Sending Money
- Debit card. You will be required to use your debit card for most transactions.
- Bank transfer. Only bank-to-bank transfers are available when sending money to Mexico.
- Cash. In Illinois, you can pay for your transfer with cash at 7-Eleven.
Receiving Money
- Bank transfer. Transfers from bank to bank are only available to Mexicans.
- Direct deposit to debit card. There are only a few countries where direct deposits can be made to a debit card.
- Cash pickup. Pangea offers cash pickup which is available in most countries at 12,000 locations.
How much you can transfer money with Pangea?
If you choose to use a debit card with Pangea, you can transfer any amount between $20 and $2,999 in a single day, with a monthly limit of $6,000. However, if you’re in Illinois and prefer to pay with cash, the daily transfer limit is between $20 and $300, with a monthly limit of $2,000.
It’s important to keep these transfer limits in mind while making a transaction with Pangea to ensure that you stay within the allowed limits.
Benefits of Using Pangea Money Transfer
Using Pangea Money Transfer to send money overseas offers several benefits, including:
- Affordable Rates and Fees: Pangea Money Transfer charges some of the lowest fees in the market, making it an affordable option for sending money overseas. The company also offers competitive exchange rates, which means that you get more value for your money.
- Fast and Reliable Services: Pangea Money Transfer’s fast and reliable services ensure that your money reaches its destination quickly and securely. The company has partnerships with several banks and financial institutions around the world, which allows them to transfer funds quickly.
- Wide Coverage: Pangea Money Transfer operates in over 40 countries worldwide, which means that you can send money to almost any part of the world. The company is continuously expanding its coverage to reach more people and businesses.
- Safe and Secure: Pangea Money Transfer takes security seriously and has implemented several measures to protect your money and personal information. The company uses the latest encryption technology to protect your data and monitors all transactions 24/7 to detect and prevent fraud.
- Excellent Customer Service: Pangea Money Transfer has a dedicated customer support team that is available 7 days a week to help you with any questions or issues you may have. You can contact the team via phone, email, or chat, and they will be happy to assist you.
Conclusion
Pangea Money Transfer is an excellent option for individuals and businesses looking for a reliable and affordable way to send money overseas. The company’s fast and reliable services, affordable rates and fees, easy-to-use platform, and excellent customer service make it one of the most trusted money transfer service providers in the market.
Whether you need to send money to your loved ones or business partners, Pangea Money Transfer is a reliable and convenient option.
