Editorial verdict
Paysend is an appealing option for card and UPI transfers, combining a modest percentage fee with a tight exchange rate margin.
TransferGauge Score breakdown
A deterministic score across seven weighted dimensions, calculated on a $1,000 USD benchmark. How we score
Excellent overall
Strengths & limitations
Key strengths
- Fee of about 0.47% from the US, shown upfront and deducted from the send amount
- Direct transfer to Indian RuPay/Visa/Mastercard debit cards
- Supports UPI transfers to Indian VPAs
- Clean, modern mobile app with simple 2-step checkout
Potential limitations
- Exchange rates include a small currency margin (about 0.27% from the US)
- Does not support physical cash pickup in India
- Lower maximum send limits compared to currency brokers like OFX
Fees & exchange rates
Paysend charges a fee of about 0.47% of the amount sent from the US ($4.72 on $1,000), deducted before conversion, plus a small exchange rate margin (about 0.27%).
| You send | Upfront fee | FX margin | Est. total cost | Recipient gets |
|---|---|---|---|---|
| $500 USD | $2.36 | +0.27% | $3.71 | ₹47,258Scaled estimate |
| $1,000 USD | $4.72 | +0.27% | $7.42 | ₹94,516 |
| $2,000 USD | $9.44 | +0.27% | $14.84 | ₹189,031Scaled estimate |
| $5,000 USD | $23.60 | +0.27% | $37.10 | ₹472,578Scaled estimate |
| $10,000 USD | Outside Paysend's published send limits on this route | |||
Speed & payout methods
UPI and card-to-card transfers typically arrive in under 15 minutes. Bank deposits deliver in 1 business day.
Safety, safeguarding & regulation
Authorized and regulated by the Financial Conduct Authority (FCA) in the UK as an Authorized Payment Institution and registered with FinCEN in the US.
Audit & testing notice: TransferGauge conducts desk-based audits of publicly disclosed fee schedules, regulatory filings, and representative quote benchmarks. We have not independently executed real-money test transactions with this provider. All comparisons are indicative. Always verify final quotes directly with the provider before sending money.
Compare Paysend with alternatives
Head-to-head comparisons with providers that serve the same routes.