WorldFirst Logo

WorldFirst

As with several other Western Union alternatives, WorldFirst started out small. It began operations from a basement in South London, in 2004. It now has offices in Australia, Hong Kong and Singapore. Depending on where you live, you can use its dedicated websites for the UK, France, Australia, Japan, China, Hong Kong and Singapore. However, the website you choose has a bearing on the services you can access. For example, the Japanese and Chinese websites are only for online resellers. Depending on the website you choose, you might be able to access it in a local language. Read the complete WorldFirst review.

Pros

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Provides services to individuals, businesses and online sellers
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Creates unique offers for individuals and businesses periodically
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UK-based, with offices also in the Netherlands, Singapore, Hong Kong and Japan
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Multilingual website
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Local phone assistance provided in some countries
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You pay a transparent margin that is over existing interbank/real exchange rates
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Allows scheduling of transfers
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Choose from spot orders and forward contracts
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Use the “WorldFirst” account to receive and make payments in different currencies while avoiding currency conversion fees
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Connect Xero and the World Account in minutes

Cons

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You cannot register as a customer from the U.S.
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No cash pick up centers
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Sending limits depend on where you reside and the payment method

OFX Logo

OFX

Until 2015, OFX operated as OzForex. This Australia-based money transfer company began operations in 1998. However, at that point it functioned as an information-only website. Now, this Western Union alternative also has offices in New Zealand, the UK, the U.S., Canada and Hong Kong. OFX operates dedicated websites for different markets. Read the detailed OFX review.

Pros

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Lets you sign up as an individual or a business
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Australia-based, with offices also in the U.S., the UK, New Zealand and Hong Kong
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Local phone assistance provided in some countries
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Tries to offer similar or better rates when compared to its competitors
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Transfer over preset threshold limits and pay no fees
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Initiate your transfer online or over the phone
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Scheduling transfers is possible
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Choice between spot orders, market orders and forward contracts
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Online sellers get free bank account details in multiple currencies through the Global Currency Account

Cons

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Website available only in English
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No cash pick up centers
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Some currencies can be traded only over the phone

TransferWise Logo

TransferWise

Developed in Estonia, this Western Union competitor has its headquarters in the UK. TransferWise also has offices in Estonia and the U.S. While this specialist money transfer company offers a single website, you can access it in multiple languages. These include English, French, Italian, Spanish, Dutch and Portuguese. This is another company that accepts payments via credit cards. Start reading the complete TransferWise review.

Pros

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Register as an individual or a business
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Sign up using your Facebook or Google account
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UK-based, with offices also in Estonia, the U.S., Hungary, Ukraine, Australia, Japan and Singapore
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Multilingual website
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No minimum transfer limit
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Send and receive funds using no more than email addresses with the “send money” and “receive money” options
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Payment methods, depending on where you live, can include debit cards, credit cards, bank transfers, direct debits, POLI and SOFORT
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The TransferWise Borderless account gives businesses the ability to save in fees when dealing in more than 15 currencies

Cons

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No peer-to-peer transfers available in all countries
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Does not allow scheduling of transfers
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No limit orders and forward contracts
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No cash pick up centers
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Cost of a transfer depends on the destination country, mode of payment and transfer method

WorldRemit Logo

WorldRemit

If you are looking for a Western Union competitor that provides website access in English, French or Spanish, WorldRemit is worth reviewing. This company has been around since 2010. It has its headquarters in the UK, with offices also in North America and Australasia. You can pay for your transfer through this company using different methods, credit cards included. Continue reading about WorldRemit.

Pros

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Cash transfer pickup
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Foreign bill payments and foreign mobile credit top up
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UK-based, with offices also in U.S., Canada, Australia and New Zealand
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Multilingual website
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Transfer as little as £1

Cons

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Does not serve businesses
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Transfer limits can vary depending on your country of residence and the desired transfer method
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Cost of a transfer depends on the currencies being traded, the transfer amount and the transfer method
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Scheduling transfers is not possible
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Unavailability of market orders and forward contracts

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