Circle Wins Most Outstanding Product

And Two More Awards

Circle takes trophies in 2 categories and is christened Outstanding Product of the Money Transfer Awards. Formerly a bitcoin wallet, they’re used to challenging the way we handle currency. Perhaps this is the reason, they’ve made sending US Dollars to the UK and the Eurozone free and simple earning them Best Rates and Most Trustworthy, as well.

Because the Money Transfer Awards is an effort to bring transparency to the international money transfer industry, we, of course, did not assume it was free and tested it ourselves to make sure we were giving you the correct information.
How we confirmed Circle was fee free
In addition, we tested Circle against the 12 other final providers after scouring the market for the most relevant products and collecting 1,575 data points on 35 providers. We used these 13 remaining services to send live transfers to France and Mexico, generated quotes for 2,430 transactions, partnered with to collect another 273 data points from 39 independent participants and tested provider sites to confirm that advertised information was accurate. We also referenced Trustpilot ratings, one of the world’s largest online review communities.

We went through this arduous process, because we know how important it is for consumers to get their hard-earned money to their loved ones. But this can be risky. While researching providers we invited fraud on our bank accounts and had our funds taken only to be told that our transfers failed! We hope these awards will bring transparency to the industry and consumers can learn from our investigative and comprehensive research.

To make it to the finish line at the top of the heap is difficult, to say the least, when competing in the Money Transfer Awards. See how Circle managed to take home Outstanding Product, Best Transfer Rates, and Most Trustworthy.

Circle is changing the game by offering completely free money transfers between the US, UK, and Eurozone. Bad news for competitors, but certainly a big win for consumers.

–Fred Schebesta, CEO

Most Trustworthy Award logo

Most Outstanding Product

Charging no fees on a transfer rate is unheard of until now — this alone sets Circle apart in the remittance market. Fortunately Circle scored big points in trust and rates, not to mention scoring well in other categories like speed and user experience with lots of functions to keep users in the loop. With innovative pricing like this, Circle is an obvious winner.

Circle Most Outstanding Product Transfer Award

MetricCalculationCircleAverage Score
Best User ExperienceCategory Score / Total Score * 10067.270.6
Most ConvenientCategory Score / Total Score * 10059.7
Fastest TransferCategory Score / Total Score * 10071.068.2
Best Transfer RatesCategory Score / Total Score * 10086.062.4
Most TrustworthyCategory Score / Total Score * 10077.453.0
TOTAL (Winners scored more that 344 points)344.5299.5
Outstanding Product Award logo

Best Transfer Rates

Circle scored off the charts with a total remittance fee percentage of 0% — equaling a total of absolutely no fees for the user. That means that Circle’s rates and the mid-market rate are one in the same. Pair that with exchange rates that are constantly being updated and it’s a no-brainer. They lost some points due to their country, territory, and state availability, but if you’re in a state Circle operates in and need to send funds to the UK or EUR, they certainly give the best transfer rates.

Circle Best Transfer Rates Award

MetricScaleCircleAverage Score
Total remittance fee (average fee displayed as a % calculated by Hidden Exchange Rate Fee + upfront transfer fees / (divided by) Transfer Send Amount)0.0 – 20.0 (5.0% or more) 20.0 (<0.25%) 0.25% decrements20.07.1
Average hidden exchange rate fee- (the difference between provider’s given exchange rate and the midmarket exchange rate)0.0 – 20.0 (5.0% or more) 20.0 (<0.25%) 0.25% decrements10.05.2
Live transfer success rate0.0 – 20.0 (5.0% or more) 20.0 (<0.25%) 0.25% decrements2.5
Does’t require sending money to provider (where likely to incur bank fees)0.0 – 20.0 (5.0% or more) 20.0 (<0.25%) 0.25% decrements1.00.6
Frequency exchange rates are updated0.0 – 20.0 (5.0% or more) 20.0 (<0.25%) 0.25% decrements3.01.8
Maximum transfer per transaction online per 24 hours0.0 – 20.0 (5.0% or more) 20.0 (<0.25%) 0.25% decrements1.01.8
Minimum transfer per transaction0.0 – 20.0 (5.0% or more) 20.0 (<0.25%) 0.25% decrements3.02.2
Country and territory coverage0.0 – 20.0 (5.0% or more) 20.0 (<0.25%) 0.25% decrements1.01.2
Available in all 50 US States0.0 – 20.0 (5.0% or more) 20.0 (<0.25%) 0.25% decrements0.01.6
TOTAL (Winners scored more than 43 points)43.024
Most Trustworthy Award logo

Most Trustworthy

Nothing to hide when it comes to rates and fees (because there are none) is the leading factor in Circle’s trustworthiness. Good Trustpilot ratings and successful transfers offer transparency into a relationship worth taking to the next level.

Circle Most Trustworthy Award

MetricScaleCircleAverage Score
No fee hidden in exchange rate0.0 (No) 10.0 (Yes)10.01.5
Understand information on the site0.0 (No) 10.0 (Yes)3.04.0
Trustpilot rating0.0 (No) 10.0 (Yes)4.03.5
Estimated delivery time accurate0.0 (No) 10.0 (Yes)0.01.8
Initial quote is complete and accurate0.0 (inaccurate quote) 1.0 (no quote given) 2.0 (quote is accurate)1.01.6
Live transfer success rate0.0 (0%) 2.0 (50%) 4.0 (100%)4.03.1
Frequency exchange rates are updated0.0 (Daily) 1.0 (More than once a day)1.00.8
Can send with recipient’s email address0.0 (No) 1.0 (Yes)1.00.2
TOTAL (Winners scored more than 24 points)24.016.4
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