In today’s world, sending money across borders is more important than ever. Profee, a part of Sibilla Solutions LTD, offers a simple way to send and receive money worldwide. It’s a regulated service in Cyprus and the UK, meeting global standards.
This review explores Profee’s services. It lets you send money using cards and supports over 65 countries. You can even send money to big places like Switzerland and the UK.
Profee has low fees and great exchange rates. It’s perfect for anyone who wants to send money fast and reliably. Whether you’re sending a little or a lot, Profee makes it easy.
Next, we’ll look at Profee’s services, costs, and what users say. This will give you a full picture of what Profee offers.
Overview of Profee and Its Services
Profee makes sending money easy, focusing on card-to-card transfers. Signing up takes about ten minutes. It offers different accounts to meet various needs:
- Basic account: Transfer limit of €1,000
- Plus account: Annual transfer limit of €15,000
- Premium account: A substantial annual limit of €100,000
Profee’s interface is easy to use, making it a great choice for customers. You can send money without needing the recipient to sign up. It supports over 50 countries and 41 currencies, using Visa, Mastercard, Maestro, Apple Pay, and Google Pay.
Profee charges a max of 1 USD, 1 EUR, or 1 GBP per transaction. There are extra fees of up to 4.5% for non-network transfers. Currency exchanges have a 0.5% markup. Payments are usually processed in minutes, with good exchange rates, like no fees for the Philippines.
The platform uses 3D Secure technology for better security. It meets PCI DSS standards. Customers are happy, with a 4.6-star Trustpilot rating and 86% 5-star reviews. If you’re looking for a fast and affordable money transfer, compare Profee with others. For more info, check out different money transfer providers.
Cost Comparison with Other Transfer Providers
The cost of sending money abroad can change a lot based on who you use. Profee charges a fee that’s less than 1% of what you’re sending. This is good for sending smaller amounts. For money sent between different currencies, a fixed fee is charged, usually around EUR 1, USD 1, or GBP 1.
But, these small fees can add up for bigger transfers. This is because Profee makes a bit more money on the exchange rates.
Looking at other options, Wise and Currencies Direct are worth a look. Wise starts its fees at just 0.43% of the amount you send. This means you can get your money sent at a better rate than Profee, saving you money, mainly for bigger transfers. Wise supports 10 currencies and makes sending money easy to 70+ countries and 160 receiving nations.
Currencies Direct also stands out, with no transfer fees and good exchange rates. They’re known for their clear and fair service, making them a top choice for many.
The table below shows how different providers compare in cost:
| Provider | Transaction Fee | Currency Conversion | Supported Currencies | Maximum Transfer Limit (per 24 hours) |
|---|---|---|---|---|
| Profee | Up to 1% | Markup | Multiple | Not specified |
| Wise | Starting from 0.43% | Mid-market rate | 10 | $50,000 using debit, $2,000 using cards |
| Currencies Direct | No transfer fees | Competitive | Various | Varies based on service |
In short, while Profee is good for small transfers, Wise and Currencies Direct are better for those looking to save money. They offer lower fees and better exchange rates, which is key for bigger transfers.
User Experience and Customer Support
Profee aims to make international transfers easy for its users. The platform is designed to be simple to use. This simplicity has earned praise from 88% of users.
Profee offers support through chat, phone, and email. Support is available from 9:00 AM to 9:00 PM on weekdays. While 65% are happy with support, some users wish for more help.
81% of users gave Profee a 5-star rating. 91% are overall satisfied. Everyone found the exchange rates good.
| Rating | Percentage of Reviewers |
|---|---|
| 5-Star | 81% |
| 4-Star | 6% |
| 3-Star | 2% |
| 2-Star | 2% |
| 1-Star | 9% |
77% of users like how fast transfers are. 71% would recommend Profee. New users get a 0% fee for their first transfer.
Profee is secure, thanks to PCI DSS Level 1 Service Provider certification. This makes users confident when sending money abroad.
Profee supports transfers to over 70 countries. Recipients don’t need to be Profee users. The app also has useful features like saving transfer details.
For more info on money transfer services, check out this comprehensive guide.
Final Thoughts on International Money Transfers
Profee is a great choice for sending money abroad, with fast and simple service. It’s perfect for those sending money to Nigeria from Europe and the UK, with no fees. But, the fees might be higher than what Wise or Currencies Direct charge.
Profee has a good reputation, with 81% of reviews giving it 5 stars. Yet, big transactions can cost more, which might not be worth it. This is something to think about when choosing Profee.
Profee has a 1000€ limit and a yearly cap of 30,000€ after you verify your identity. This might be too small for those who need to send a lot of money. Wise, on the other hand, has no hidden fees and competitive rates.
Wise is a great option to consider. They offer no hidden fees and competitive rates. Plus, you can get referral bonuses, which is a nice perk. But, it’s important to weigh this against the overall cost compared to other services.
The foreign exchange market is huge, with $7.5 trillion traded daily in April 2022. Choosing the right transfer provider is more important than ever. For those looking for affordable and reliable transfers, checking out Profee and Wise is a good idea.
It’s key to look at all the details, including fees and services, when making a choice. For a detailed look at the best international bank wire options, check out this guide.
