Broxel Pay: 2024 review

Broxel Pay®¹ is described as a pioneering financial service provider for the hispanic community, serving people in the US and Mexico.

With Broxel Pay’s app you can open an account to hold USD and MXN, and manage them both seamlessly with just your phone. Order a Broxel Pay card for spending and withdrawals, send and receive payments and more.

This guide walks through the key Broxel Pay features and fees - and also touches on Wise for multi-currency accounts to hold, send, spend and receive USD and 40+ other currencies, with low fees and the mid-market rate.

Broxel Pay: key features

Broxel Pay focuses on international accounts to hold and send USD and MXN, as well as debit cards for local and overseas spending.

You can open an account in either Mexico or the US, making this an attractive option for anyone who travels or transfers money between the 2 countries regularly.

So, what can you do with Broxel Pay?

Ease of use

You can get Broxel Pay on Apple® and Android® phones, to access your account and manage your spending, transfers and card. On the Apple App store, the app doesn't have a huge number of ratings - coming in at a 2.9 star out of 5, from just over 100 reviews at the time of writing.

Over on Google Play, Broxel Pay has been downloaded more than a million times already, and gets a 2.8 star out of 5, from close to 13,000 reviews.

Check out the latest customer ratings and reviews on either App Store or Google Play, depending on your device type, to see if you think Broxel Pay will be the right choice for you.

Customer service

Get in touch with Broxel Pay support staff 24/7 by phone or email⁴:

Broxel Pay fees

Let’s take a look at the main fees you’ll need to know about when using Broxel Pay and the Broxel Pay card⁵:

When you send a payment to Mexico or the US, and currency conversion is required, Broxel Pay will show you the exchange rate that applies⁶.

That rate may include a markup - a fee which is added to the mid-market exchange rate. You’ll need to check the Broxel Pay exchange rate against the mid-market rate which you can get from Google, to see if there has been a markup used. If there has, this may push up the overall cost of your transfer.

Make low cost international transfers with Wise

A smart option if you’re sending money overseas: meet Wise.

Register a Wise account online or in the Wise app, and send money to 70+ countries, with the mid-market exchange rate and low, transparent fees.

Wise always shows you the amount you’re paying and how much your recipient will get — and you can even compare against other providers on the Wise app or desktop site.

If another service is cheaper for your particular payment, you’ll be shown — so you can’t lose.

Get started with Wise

Please see Terms of Use for your region or visit Wise Fees & Pricing for the most up to date pricing and fee information

Is Broxel Pay a secure payment service?

Broxel Pay is regulated in both the US and Mexico, and is safe to use with usual common sense precautions. Broxel Pay uses anti-fraud measures and has security built into the app, to keep customers and their money safe.

Broxel Pay pros and cons

What are the benefits of Broxel Pay?

Broxel Pay is helpful if you need to hold both USD and MXN, and want easy ways to send payments in both currencies to other Broxel Pay customers.

You can also send ACH transfers in the US, and get a linked debit card to spend from your account. It’s possible to top up your account with cash or electronically from your bank, to make spending, sending and withdrawing money simple.

What are the disadvantages of Broxel Pay?

Broxel Pay is only available to residents in the US and Mexico, and the services are aimed at people looking to hold pesos and dollars only.

You can send money to Mexico from the US, but only to other Broxel Pay account holders - so if you want to use it to send money to loved ones in MXN you’ll need to ask them to register a Broxel Pay account first.

Ongoing fees apply if you order a debit card, and there are transaction charges if you’re making an ATM withdrawal or sending a payment to someone else.

Conclusion: is Broxel Pay the best choice for you?

Broxel Pay can be helpful if you need a digital account to hold MXN and USD, and to send payments to banks in the US or Broxel Pay account holders in the US and Mexico.

There’s also a linked card available for spending and withdrawals, but ongoing fees apply here.

If you’re looking for something more flexible, which lets you send and receive a broader selection of currencies it’s worth checking out Wise.

You’ll be able to apply for a Wise account from the US, Mexico and more or less anywhere else in the world, to hold 40+ currencies and send money to 160+ countries with the mid-market exchange rate.

There are no ongoing fees and no minimum balance requirements, making it a cheap and simple way to manage your money from the US, Mexico and globally.