TransferGo is a fast-growing money transfer service in the UK and Eastern Europe. The company started out with only 50 employees in 2015, but it’s now expected to have more than 200 by 2021. The company has five offices in the UK and Europe. It offers international and domestic money transfers, and is regulated by the Financial Conduct Authority. You can use a Visa or Mastercard to make your transfers. There are also rewards programs for using the TransferGo service.
TransferGo is regulated by the UK Financial Conduct Authority
While the regulator has taken a cautious approach to transfer payments to Russia, the OFSI has found several breaches at TransferGo. It took more than three years to investigate the issue, which required a significant drain on management time. The OFSI’s investigation into the company’s alleged breaches of financial sanctions also highlighted that the firm failed to properly understand the financial sanctions regime. This could have been avoided if the company had taken a proactive approach to managing sanctions risk.
While other online money transfer services rely on traditional methods, TransferGo is a pure-play digital service governed by the UK Financial Conduct Authority. The service offers easy international money transfers to over 160 destinations, and is approved by over 30 banks worldwide. The company adds new destinations to its global network every month, and its users can send and receive money in over 160 countries. With its extensive network of partner banks and payment services, TransferGo has become one of the fastest growing fintech companies in the world.
As a UK-based company, TransferGo has been under HM Revenue & Customs’ (HMRC) Money Laundering Regulations for the last five years. It is also registered with the Information Commissioner’s Office (ICO), and the UK Financial Conduct Authority. In addition, TransferGo is required to hold client funds in segregated accounts in order to ensure the safety of client funds. The company’s latest acquisition of Currencycloud enables it to expand its presence in international markets.
The company accepts Visa, Mastercard, and American Express. The maximum amount of money that can be transferred using a credit or debit card is GBP 10,000. In addition, credit card and debit card transactions may be subject to additional credit card processing fees. Furthermore, if your debit or credit card is declined by TransferGo, you can still send money to the recipient through this service. You can monitor the progress of your transfer on the TransferGo website.
The FCA oversees most UK financial companies and is the single source of information on financial services. The regulator works to protect consumers from fraudulent companies and ensure that UK financial services are safe. FCA approval also gives foreign companies confidence in the UK’s financial markets, and allows the UK economy to grow. Financial services accounted for 8.6% of the UK economy in 2020. Therefore, if you are using a financial transfer service, you need to choose a provider that is regulated by the FCA.
It charges no fees for using Visa or Mastercard
TransferGo is a service that allows you to transfer money to more than 60 countries. The only exception is Brazil. While there are many ways to transfer money from Europe, Brazilian transfers can only be made using a Visa or Mastercard. TransferGo provides many different payment options, with varying fees and transfer timeframes. Using Visa or Mastercard will cost you nothing, and you can send and receive money within 30 minutes of placing the order.
With TransferGo, you can pay with any credit or debit card. The first two transfers are free, and you may be required to pay a small processing fee for the credit card. However, you can also choose a payment option that has the lowest fees. Another advantage of using a bank account is that the company does not charge you a fee for using a credit or debit card. You simply enter the details of your bank account in the payment section of the website and select the method you want to use.
TransferGo uses secure socket layer (SSL) encryption to protect the information sent from your device to the recipient’s. The FCA regulated the company, so you can rest assured that your funds are safe. The company also has an app available for iOs and Android devices. Over 17,000 users have rated the app on Google Play and 32 on the App Store. The overall rating of TransferGo is 4.5. The customer support team is available via email or telephone.
TransferGo is an award-winning money transfer service. It was founded in 2012 as a solution for Western European immigrants to transfer money abroad. Since then, it has grown to become a leading international money transfer service. Its rapid expansion into Russia and Eastern Europe has demonstrated its ability to serve a growing customer base. Its speed and security have helped it double its volume of transactions in two months.
Using Visa or Mastercard with TransferGo is free, and there are no hidden fees. TransferGo uses SSL technology to protect the security of your funds. The service also claims to have great security, and uses multiple security protocols to keep your funds safe. With millions of users worldwide, you can rest easy knowing that you’re using a safe and secure money transfer service. The company is regulated by the Financial Conduct Authority and the country’s customs and revenue authorities.
It delivers funds to a local bank account
TransferGo is a company that provides payment services and digital money transfers. Its customers are located around the world and can receive funds from any local bank account or debit card. The company uses Level39 technology, which is one of the world’s most connected platforms. To join the service, customers need to sign up with Facebook or email. To register, users need to provide basic information such as name, address, date of birth, nationality, and bank account details. For verification, the customer must also provide proof of funds and address.
TransferGo also offers a flat exchange rate, which means the recipient will receive the exact amount of money they’ve requested. The company claims that its exchange rate is fixed and transparent, though it does admit to having a margin of up to 3.3% for transferring money. Users can rest assured that their beneficiary will receive the exact amount they entered in their transfer order, as all fees and charges are included in the quote.
To avoid paying high fees, TransferGo offers free first two transfers. You can also choose the delivery method that requires the lowest fees. TransferGo does not accept credit cards, which is helpful if you’re sending money to a non-Trustpaying recipient. Many credit card companies consider money transfers as a cash advance and charge very high fees. Instead, the company accepts bank accounts and delivers funds directly to the recipient’s account.
Unlike other payment services, TransferGo is fully licensed and follows strict rules set by government regulators. It is regulated by the Financial Conduct Authority (FCA), and has an Authorised Payment Institution license. The company is also regulated by Her Majesty’s Revenue and Customs (HMRC), which ensures the safety of customer funds. This UK-based company offers local bank account transfers for both UK and EU residents.
To fund your transfer with TransferGo, you need to provide the recipient’s local bank account details. You can choose between debit and credit card payments. Using the latter will allow you to receive funds faster, but the amount of the funds you transfer is limited. There is also a GBP 10,000 limit for transfers. If your credit card or debit card is declined, you can also get helpful tips from TransferGo’s customer support team.
It has a rewards program
In addition to the free TransferGo app, you can also earn money by referring new customers. TransferGo is accepting affiliates from all over the world, and offers real-time tracking, deep linking, and optimisation tools. To apply for their affiliate program, visit the Transfergo website or download the app. It features easy registration with Facebook and email, and a few other simple details. Users must provide their name, email address, phone number, nationality, and date of birth. After you register, you need to verify your identity with documents proving your address and funds.
TransferGo accepts payment from most debit and credit cards, including American Express. You can also use your local bank account to pay for your transfers. The only drawback is that your bank may not allow you to use your debit card for smaller transfers, like PS250 or less. You must be at least 18 years old to join the rewards program, which offers a 10% discount for your first transfer. Once you have signed up, you’ll be sent an invitation to join TransferGo’s rewards program. You’ll be able to receive a gift card every time you make a purchase.
When you make transfers with TransferGo, you can choose from a debit or credit card. To send money to a debit card, you must first provide the recipient’s full name and the recipient’s card information, including the 16-digit number and expiration date. TransferGo does not have a daily limit, but may have limits set by your bank. Fees are calculated according to how fast you want the money to arrive in your recipient’s bank account.
To make transfers with TransferGo more secure, they implement multiple security protocols. Customers can be assured that their money is safe with TransferGo as it is regulated by the Financial Conduct Authority and the HMRC. As a member of both the UK and US financial institutions, TransferGo is compliant with strict regulations. In addition, it is registered as a payment service provider and has a license to perform international money transfers.