What We Love About CurrencyFair Money Transfer Services

CurrencyFair takes the expense out of wire transfer services and helps everyone find better money solutions. It’s disrupting the money transfer market by lowering fees, improving rates, and offering new alternatives. Plus, the company is doing it without making it only available to those with perfect credit. CurrencyFair services are available to anyone with a bank account, or even anyone who knows someone with a bank account.

What Could CurrencyFair Money Transfer Services Do Better?

The biggest drawback to this platform is that it can send money to the U.S., but it cannot receive business from U.S. residents. Thus, it’s only available to residents of other countries looking to send money to the United States. The platform has done impressive business for the UK market, Ireland, and Australia. It has done some business in the U.S. with non-residents, but opening the market to U.S. residents would certainly change the game for the better.

CurrencyFair Money Transfer Services Backstory

CurrencyFair was founded in 2009 when four business colleagues saw a better opportunity for P2P funding and money transfer solutions. By using the P2P concept, they created a system of currency exchange that allows them to offer lower fees since money often never leaves the country. CurrencyFair is licensed and regulated by the Central Bank of Ireland.

Although it is not yet available to all users in all countries, CurrencyFair has saved customers more than 200 million euros to date and continues to offer low fees and fast transfers for people who need an alternative to wire transfer services.

The Verdict

CurrencyFair offers a service that many people can use, and they do it in a way that’s revolutionizing the wire transfer industry. It’s definitely worth a look for those who need an alternative to traditional money transfer services. All you need is access to a bank account, after all.