Pangea money transfer review [2024]

Pangea®¹ is an international money transfer service, which allows customers to send money with the Pangea app, for collection in cash or for bank deposit. Pangea isn’t available in every US state, so do check the availability where you are. The full list of states where Pangea is available is covered below.

This guide walks through some of the pros and cons of using Pangea, and also offers a comparison with an alternative payment service — Wise. Here’s everything you need to know, to decide if Pangea is the international payment provider for you.

What is Pangea money transfer?

Pangea offers international payments to select countries in Europe, Latin America and Asia. You can arrange your payment via their mobile app, and pay using your linked bank account or debit card.

You’ll need to pay a transfer fee which can vary according to where you’re sending money to, and how you choose to fund the payment.

Pros and cons of Pangea money transfer

To decide whether Pangea is the right provider for your international transfer, it’s a good idea to review the pros and cons of the service.

You can then compare it to other international payment providers before deciding which suits you. Here are a few things to consider.

Pangea transfer fees and exchange rates

Finding an international transfer service to make your payment won’t be tricky, but working out which service is the best value for you can be a lot harder.

You’ll need to evaluate both the fees charged for your transfer, and the exchange rate that’ll be used. Here are the upfront fees Pangea charge for some of their most popular destination countries:

It’s also important to note that as well as the transfer fee, you’ll usually pay an additional charge in the form of an exchange rate markup.

That’s a charge added into the rate used to convert your dollars to the currency you need to be delivered to your recipient.

To understand the total cost, you need to compare the rate offered to you with the mid-market rate or other providers rates.

Everywhere money. Meet Wise: the world's most international account

If you’re not living in the US — or if you simply want a more flexible account you can open from anywhere — check out Wise.

Wise isn’t a bank, but a money service business (MSB) that offers an account which allows you to hold, send and receive money. As well as getting an attached debit card — plus you’ll get some extra perks which suit anyone living an international lifestyle.

You’ll be able to hold 40+ currencies, and get local account details for up to 9 currencies including USD, to get paid easily by wire or ACH.

Wise offers linked debit cards for spending and withdrawals around the world, and all currency conversion uses the mid-market exchange rate.

That means that whenever you send a payment or spend in a foreign currency your dollars are converted with the mid-market rate with low conversion fees from 0.41%². Easy.

This way to easy
international payments

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

Where can I send money to and from with Pangea?

Pangea allows customers to send money to select countries - mainly in Latin America and Asia, but also with some coverage for Europe.

There are some restrictions on where in the US you can send money from. Pangea covers the states listed below at present, but also invites residents of other states to join a mailing list to discover when the service reaches them.

Pangea money transfer speed

Sending money for cash collection with Pangea can mean that your recipient gets their money in minutes, if you’re paying for the transaction using a card.

Choosing to pay using a bank transfer will take a little longer as the funds need to clear before being paid out.

If you choose to have your money deposited directly into your recipient’s bank account, the amount of time it takes will depend both on your own bank, and your recipient’s bank policies.

Direct deposits like this typically take a few working days, and the likely delivery time will be confirmed when you model your payment.

Ways to transfer your money

Depending on where in the US you are, and where you’re sending money to, you’ll have a few different options to consider.

Pangea customer support

Pangea has a customer support phone line, which is open for calls between 8 AM and 10 PM CST³ - or you can email the team out of hours if you have a question.

There’s a comprehensive FAQ section on the Pangea website, which might also give you what you’re looking for - it’s quite comfortable to navigate.

To read more real customer reviews, and get a feel for the service offered by Pangea, have a look at Trustpilot⁴. Trustpilot collates customer testimonials, and currently rates Pangea as a 4.5 out of 5 star, Excellent rating for their service.

How do you make a transfer with Pangea?

To arrange a transfer online you’ll need to do the following:

Step 1. Register a Pangea account online

Step 2. Model the payment by entering how much you want to send. You can check the rates and fees at this step.

Step 3. Confirm the recipient’s details - either their bank account information for a direct deposit, their card details to transfer money on it or their personal details, if they will collect the money in local cash in the destination country

Step 4. Make the payment - it could go through very quickly for a cash collection, or for a direct deposit you can expect to wait a few days.

There you have it. All you need to know about Pangea - how the service works, what it costs, and how to work out if it’s right for you.

Don’t forget to look at the upfront costs, and also the fees rolled into the exchange rates on offer from international payment providers, to find the right service for you.

And if Pangea doesn’t meet your needs, why not try Wise for low cost international transfers using the mid-market exchange rate.