This review aims to describe the quality of service that XendPay offer as a money transfer provider. We focus on getting the company background as well as the costs and fees involved when initiating transfers. This review also includes significant information such as the exchange rates and fees as well as the additional costs to anticipate when using it. Should you need to determine which provider suits your needs, check for the complete list of money transfer companies.

About XendPay Money Transfer Service

XendPay was established by Indian migrant and noble entrepreneur Rajesh Agrawal. The purpose of the business is to lessen the expense of international money transfers for migrants who usually utilise the service.

What sets the company apart from the other is their “pay what you want” model. Each year, for the initial £2000 that you’ll send, the company allows you to choose what transfer fee to pay. When initiating your transfer, Xendpay will recommend a minimal transfer fee. But, you can either pay less or more and even take advantage of zero fees.

Moreover, with XendPay, you can transfer to more than 200 countries in over 50 different currencies. Your recipient can get the money on through their bank account and some on their mobile wallet. The payout option will depend on the country that you’re sending to. You can also fund your transfer using a debit card or credit card. The entire transfer process could take around 1 to 3 business days in total.

Regulatory compliance and Security

  • Acts as an agent to RationalFX, which is regulated by the UK Financial Conduct Authority (FCA).
  • Registered with Her Majesty’s Revenue and Customs (HMRC).
  • It utilises a secure web site protocol called SSL as a server.

Additionally, when you’re paying through your card, all your security code and password will not be visible as it would be encrypted. Also, RationalFX has also designated a Money Laundering Reporting Officer (MLRO). 

Exchange Rates and Fees

Transfer Fees

Xendpay has a bizarre feature for its users in its “Pay What You Want” offer. This works allowing you to transfer £2,000 per annum or its equivalent in other currencies with no fees at stake. Transferring more than that amount can incur a transfer fee which will depend on the currency pair and country you’ll send the funds to.

In most circumstances, the fee ranges from 0.45% to 1.40% of the total amount. For business transfers, clients can pay up to £4,000 annually and above such amount will incur a nominal fee which is imposed by the company.

Xendpay Exchange Rate

The exchange rate they offer is better as compared to banks. 

Additional Fees

If you’re sending money to any mobile wallet, you may have to pay for higher fees. This will include the delivery fees along with the transfer fees.

When the payment is through your credit card, you’ll have to pay approximately 1.7% if you’re in Europe and 2.6% if you’re in the other parts of the world. If paying through a debit card in Europe, you will not incur any fees. On the contrary paying through a debit card outside Europe will incur a 2.6% transfer fees.

Pros and Cons


  • Excellent exchange rates
  • No hidden charges
  • Allows you to pay what you want for your transfer fees
  • There’s no mobile app available
  • Pay What You Want model will only apply if you transfer up to the first £2000 sent
  • Only allows you to send through a bank account or mobile wallets

How XendPay Works

  1. Create an account by using your Facebook or Google account
  2. Enter how much you’re sending and where you’d like to send the money to.
  3. If you’ve sent money to them before, just pull up their details – XendPay has held onto them for you.
  4. Inspect what you’ll be saving by using XendPay, and pay a fee which you think is appropriate. If you’ve transferred over £2000 with XendPay, the transfer fee is no longer optional.
  5. Fund your transfer by making a local bank transfer to XendPay or by using your debit or credit card. If there are any other costs, you will know how much you’ll have to pay. They will also suggest a cheaper alternative where possible.

Pay In Options With XendPay:

  • Bank  
  • Credit Card  
  • Debit Card  
  • Mobile Money  

 Pay Out Options With XendPay

  •     Bank  
  •     Mobile Money  

Customers’ Feedback


  • Customers were extremely content with the transfer speed
  • Easy to use, not complicated
  • It’s a quick and easy way to send money
  • Customer service is friendly and helpful


  • Transfers taking too long
  • Customer service was occasionally too slow to respond

Money Transfer Service Providers To Compare

You can check more of the money transfer companies HERE.


TorFX - Competitor of Foreign Currency Direct for international money transfer ServicesTorFX allows you to register as in individual or business. It offers no fees for personal transfers and can provide scheduled transfers, stop-loss orders, forward contracts and limit orders. They are great to travel money solutions offered in the UK. They do not have cash pickups and multilingual website.



TransferWise - Competitor of Foreign Currency Direct for international money transfer Services

They serve individuals, businesses and online sellers. You can take advantage of their Borderless Account to hold funds in up to 27 currencies. The cost of a transfer depends on the currencies concerned, the transfer amount, and the payment mode.


CurrencyFair - Competitor of Foreign Currency Direct for international money transfer ServicesYou can register as an individual or a business. They allow scheduled transfers and offers a low transfer amount of €8. The transfer fee includes €3 plus 0.35% of the transfer amount



WorldRemit logo for Currencies Direct Money Transfer alternatives by iCompareFX
WorldRemit allows you to transfer money to the cash pickup location or bank accounts. Their website is available in several languages with a low minimum transfer amounting to £1.



FrontierPay - Competitor of Foreign Currency Direct for international money transfer Services

The company provides scheduled transfers, market orders, and forward contracts. Their personal transfers are free of charge with the minimum amount you can transfer is at £500.



XE - Competitor of Foreign Currency Direct for international money transfer Services

XE is one of the big brands in terms of money transfers. They do not impose charges on personal transfers and hedge funds using limit orders.

Frequently Asked Questions

Does XendPay have its own mobile apps?

Yes. Xendpay is providing an iOS mobile app which you can download.

What are the charges for sending money via XendPay?

XendPay has a ‘Pay What You Want’ feature that allows you to pay manageable amounts of fees. For a source, they do suggest a least transfer fee of £3.50 which you can adjust when performing a transfer. They then require fees for personal transfers over £2000 and £4000 for business transfers per annum. In most cases, XendPay requires a fee that befalls in within 0.45% to 1.40% of the entire amount you want to transfer. 

Is XendPay the cheapest way to send money?

For you to find out which is the cheapest way to send funds overseas, you can check our complete list of providers Here.

How can help? has a complete list of all money transfer service providers. We can also help you determine the best products and services for your need. To find more about us, you can check the website.