Tag: money and banking issues

PaySend Invite code: 0d8425

Do you look for PaySend Invite code? Ok, you got it!

Your PaySend Invite code is 0d8425.

PaySend Invite code 2022

You can use this Invite code in 2022, 2022 or later.

How to use a PaySend Invite code?

Dear customer, if you received a Invite code, you can use it to make a free-of-charge international transfer in Paysend. To do please, use the following instruction:

  • Log in to your account via paysend.com or through a mobile application;
  • Enter the destination and either amount "to send" or amount "to receive";
  • Tick the "Have a code?" box and select "Invite code";
  • Enter the Invite code in the field that appears at the bottom and click the "Add" button;
  • Your transfer fee is now reset to zero;
  • Follow the instructions of the application to complete the transfer;
  • You can track the use of your Invite code in your transaction history;
  • In case the transaction was unsuccessful you can re-use your Invite code later

*Invite code only applies to international transfers

PaySend user review

I wanted to advertise Wise (TransferWise), but I could not make a transfer…

TransferWise renamed Wise

You may not have heard the name Wise when it comes to cheap international money transfers, as TransferWise recently changed its name to Wise and even changed its website address.

Wise is not a new company, it is a well-established English company with the cheapest international transfers.

I have been using PaySend for a long time and with pleasure for cheap international transfers, for example, see one of the latest articles “International PaySend transfers - real customer feedback (2.5 years of experience, dozens of transactions)”.

I do not have any attachment to this or that company for international transfers, the most important thing is reliability and minimal commissions, so I also considered Wise (TransferWise), I did a comparison of the cost of a transfer and it turned out that Wise is even slightly more profitable than PaySend, for at least the first free payment, see “TransferWise overview: international transfers and multi-currency debit card”.

And although Wise is more profitable, I have not made a single international payment through this company. Nevertheless, I received my £50 bonus and successfully withdrawn it to my Thai account (by the way, £50 is only THB 2,228.15).

How to use Wise (TransferWise) to receive and send money transfers

In order to withdraw the bonus, I had to:

  • scan both sides of my Thai driver's license
  • take my photo with a driver's license in hand
  • inform my mailing address

Let me remind you that to send international payments via PaySend, you just need to know the recipient's card number – and that's all you need (or the recipient's bank and account number, if you are sending to bank details). You do not need to report anything about yourself – as such, there is just no “verification”.

In Wise, you don't just need to be verified – you need to send your ID with every (!) transfer. I don't understand what is the point – after all, everyone will still send the same file, once photographed or scanned document. But this is the European Union – it should be so there…

Well, since I still passed the verification, I decided to write instructions on how to make money transfers through Wise.

And… I failed – I could not make the transfer…

It was like this – I filled out all the forms, re-sent the Thai driver's license scanned from both sides and received a reply - “Verification problem - Sorry, we can't accept the document you sent us”.

Once again, the same document, the same file, scanned (and not photographed) by which I have already withdrawn money – they cannot accept… How so?

I wrote to the support service with this question – they answered me, more on that below.

In parallel with this, I canceled the transfer and started a new one (you never know what a glitch). At this stage, it turned out that now I no longer have a discount on the first transfer, and taking into account the commissions, the international money transfer has become more expensive than through PaySend…

The support service answered me a day later:

Sorry, we couldn't read the details on your ID.

To verify you, we need to read what's printed on your ID.

When you take a photo of your ID, please make sure we can see:

  • The whole document — everything on it should be readable.
  • Both sides of the document, if you're sending us a driver's license or a national ID card.

You can upload a new photo by clicking the button below.

They cannot read my document. Here is my document, I closed the numbers, but I sent them without erasures. For the first time, this same document, this same file, they were able to read…

In general, I failed with Wise…

And I'm clearly not alone. For comparison, I decided to calculate how many transfers were made according to my recommendations in PaySend and in Wise (TransferWise).

In PaySend, I can calculate the number of transfers according to my recommendation only approximately, the fact is that I receive my bonus only for the second transfer. If someone made one transfer, then I will never know about it – such statistics are not shown by the user. So, the second or subsequent (up to the twelfth and only within one year) transfers according to my recommendation in PaySend were made 787. Also, I do not receive bonuses for internal (within one country) transfers and they are not displayed in my statistics in any way. In reality (according to the very minimum estimates), more than a thousand international PaySend transfers were made on my recommendation (in reality, most likely, the figure is in the region of 2-3 thousand). I myself have made dozens of international transfers in PaySend.

Moving on to the Wise statistics (TransferWise) – I already said that I received a bonus, so it is not zero.

Here is a list, it is a little incomplete (there are below users who registered, but did not make any transfer). So, on my recommendation, six international transfers were made to Wise (TransferWise) (four of which qualify for a bonus).

In general, the difference is two or three orders of magnitude… And this despite the fact that Wise has a lower commission (at least for the first international money transfer).

In general, it is not always a matter of price. In terms of complex indicators of quality (value for money, convenience), PaySend outperforms Wise in international money transfers.

PaySend promo code for the first transfer without commission: 0d8425

Wise (TransferWise) promo code

I didn't do well with Wise (TransferWise), but you might be better, so if you want to make an international money transfer without commission, then use this link: https://wise.com/invite/u/alexeym193 - it contains Wise (TransferWise) promo code. You can send a commission-free transfer to Wise in the amount of up to 500 GBP (British pounds – the rate is slightly more expensive than the US dollar).

By the way, if in Wise (TransferWise) you send money to yourself, then verification for these transfers is not required – if you transfer your own funds from one country to another, then in Wise there are not such strict rules for such transfers.

TransferWise overview: international transfers and multi-currency debit card

Perhaps you, like me, have heard something about TransferWise and the multi-currency card and want to understand these issues. I hope my little note will help you with this.

At first glance, TransferWise seemed like a very interesting topic:

  • cheap international transfers
  • multicurrency debit card

local details in a number of countries (in another country, money can be credited to your account as if a person were making a transfer to local details)

TransferWise is a service for making international money transfers. Why another service if you have WesternUnion, PayPal and others?

The key features of TransferWise are:

  • good currency conversion rate
  • low commission for transfers

Indeed, bank international transfer, as well as transfers through WesternUnion (due to hidden fees in the currency conversion rate) and PayPal (for international transfers, the commission is very high) is very expensive.

Comparison of Western Union and PaySend commissions showed that PaySend is much better than Western Union, that is, when sending the same amount, more will be credited via PaySend transfer.

But if you compare PaySend with TransferWise, it turns out that the latter is even better! For example, sending thousands of euros to Thai Baht with PaySend:

Sending the same amount via TransferWise:

And sending the same amount through TransferWise with a free commission (when registering using this link, the first transfer will be free):

That is, the most profitable international transfers can be done with TransferWise!

That is, it turns out that PaySend also lays a hidden commission in the currency conversion rate. And Western Union lays an even larger commission on the conversion rate.

Let me say about some disadvantages of TransferWise: when paying with a card, an additional fee is charged, transfers take a long time and they can only be sent to bank details (cannot be sent to a card, as in PaySend).

I prepared the following comparison table between PaySend and TransferWise:

  PaySend TransferWise
To register, you need an ID No Yes
The beneficiary's bank details are required No, the transfer is credited to the beneficiary's card Yes
Instant transfer credits Yes No
Number of supported countries Money can be sent from 49 countries to 70 countries Money can be sent from 24 currencies to 58 countries
Can I transfer money from a bank card Yes Yes, but only with an additional commission
The amount of the commission Fixed, about 1 US dollar (depending on the currency of sending) Depends on the method of sending (bank transfer or from a card), as well as on the amount of transfer
Currency conversion rate Better than WesternUnion, but worse than TransferWise Better than WesternUnion and better than PaySend
First free translation Yes (by promo code (0d8425) Yes, when registering at this link.

Multicurrency app and TransferWise card

TransferWise allows you to have accounts in dozens of currencies and convert your money from one currency to another (with commissions). There is also a function of obtaining local bank details for the British pound, US dollar, euro and a pair of other currencies. This means, for example, if you work as a freelancer and receive an order from the United States, then the customer can pay your work for your details in dollars, and for him it will be a local (made within the country) payment! For you, this money will go to a multi-currency application, where you can convert it to another currency and send it to any of your accounts. Or spend them by shopping with a debit card.

To my great regret, the list of countries where they deliver the map is very small. You can find the current list on this page. There are only Europe and the USA.


If you are a freelancer and work with customers all over the world, then the multi-currency TransferWise card ‘must have’ for you!

How to send money to another country cheaply

The modern world has changed a lot in recent years – now it is not unusual to have friends in other countries, even on the other side of the world. It is not unusual to fly to them for a weekend or for a week during your vacation. Or just go on a permanent journey with a backpack in which a laptop and a few essential things – to watch new places, meet new people and keep working – for those who work on the Internet, this can become a familiar life. Booking rooms in hotels in other countries has become something commonplace. Communicating with people on other continents for many is just a daily routine.

People from different countries have become closer to each other. Foreign countries themselves have become closer. Not in the physical sense, of course, and not even in the juridical sense – but in practice no one is surprised by a person who decided to just live in another country for a couple of months, or a couple of years…

Monetary relations are an integral part of the life of any of us. If we are going to visit friends in another city, we can ask them to look and book a room for us, for this purpose we send them the necessary money – within one state it is very simple. Inside the country, we can easily send money to a gift, return the debt. In case of an unforeseen situation, we can ask for a loan from parents or friends. Everything is pretty simple and ordinary – but only within one country.

If we want to send money for rent, send a gift or ask for help in case of a difficult situation in another country, then we face with difficulties.

You can remember about bank overseas transfers, as well as about Western Union. Bank transfers have a high commission (a minimum commission for an international transfer can be set, for example, at $100), you need to come to the bank, wait for a queue, fill out papers with a lot of incomprehensible details…

What about Western Union? If you come to the WU service center, then, in fact, such a transfer will differ little from a bank transfer — a queue, a high commission, and so on…

You can make an online transfer of Western Union, it seems to be like, with a lower commission, but if you take a calculator and calculate the currency conversion rate, you will get gray hair on your head. In Western Union for the money the recipient must come to the service center. Come on, Western Union, now the 21st century or what? In Western Union, you can still send money to a bank account, but they will come within 2-3 business days. Why?! Does a postman deliver the money by plane?!

Why do we tolerate it and use these services? Why we overpay a huge commission, look for service points, we crowd in queues? Yes, there is simply no alternative.

More precisely – it was not! That's exactly what I want to tell. An alternative of the 21st century has finally emerged – literally, this service was created quite recently. At the same time, he rises the service level of international money transfers. Against this background, one simply does not want to use such anachronisms as Western Union.

I want to talk about PaySend. Its features are:

  • fixed extremely low fee for transfers between countries, regardless of the amount sent. Only 1 pound from the United Kingdom of Great Britain, 1.50 euros from the European Union, 2 dollars from the USA, 3 dollars from Canada, 49 rubles from Russia. The first transfer via promo code 0d8425 can be done without any commission at all.
  • no hidden fees in currency rates. Currency rate is good for customers, close to the stock exchange rates
  • transfers are made from card to card, no need to go anywhere, wait in line. Payee also do not need to go anywhere and wait for the queue
  • transfers come in real time, that is, almost instantly. There are exceptions for some banks – due to the peculiarities of their policy.

Cheap international money transfers

Money can be sent from dozens of countries to more than 70 countries. There are all major destinations, except the USA and Japan. Earlier, the USA was also present and it was possible to send money from it, or receive money in it – but now it has disappeared from the list, was it afraid of competition for archaic Western Union and the like?

Useful links:

Cheap international transfers with PaySend

PaySend Promo code: 0d8425 (for the first free-of-charge international money transfer)

Link to send international transfers: https://paysend.com