GlobalWebPay online money transfers review August 2018
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Review: GlobalWebPay money transfers – August 2018

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Fixed fees for international payments coupled with excellent exchange rates.

Did you know?

GlobalWebPay does not currently offer services in the United States. If you live in the US, compare your other options to find the right international money transfer service for you.

What is GlobalWebPay?

GlobalWebPay is an online money transfer specialist offering services only in the UK. It supports international transfers 24/7, charging a fixed fee of about $6 per transfer. Because your money never leaves the banking systems of the most established banks in the region, your funds are safe with GlobalWebPay.

New users are limited to transfers of 500 GBP (about $615), which could be an issue if you’re looking to make bigger payments.

Compare GlobalWebPay to other brands

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Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
$0 3 - 5 days USD 0.00 0.866 EUR 4,329 Transfer up to $500,000 with no minimums and no fees. Go to site Show details
USD 1,000 1 day USD 0.00 0.87 EUR 4,351 Exclusive offer: $0 transfer fee
No-limit transfers with competitive exchange rates for 100+ currencies.
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USD 1 Within an hour USD 3.99 0.868 EUR 4,339 Use promo code FINDER to send your first transfer at no fee to 110+ countries for bank-to-bank deposit, cash pickup or mobile top-up. Go to site Show details
$8 1 - 2 days USD 5.00 0.868 EUR 4,333 Exchange money on your terms. Go to site Show details
USD 1 3 - 5 days USD 50.00 0.876 EUR
4,338
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Details

Product nameGlobalWebPay
Maximum transfers500 GBP for new users; 10,000 GBP monthly or 2,500 GBP daily for “global users”
Minimum transfers15 GBP
Transfer methodsBank deposits
Scheduled paymentsNo
Delivery speedFrom 2 hours to 3 days
Banking partnerEnvoy Services Ltd.
Available currenciesAll major currencies exchanged to recipient’s local currency
Transfer feeFlat 4.75 GBP
Exchange rateCalculates rate before payment, with quote good for 3 days

How are GlobalWebPay’s exchange rates?

GlobalWebPay offers better exchange rates than banks for international transfers, and you’ll learn your exact rate before paying for your transfer.

GlobalWebPay first converts your money into your recipient’s local currency to avoid fees. Use its online cost calculator to find out how much you’re required to send.

How much will I pay to send with GlobalWebPay?

This one’s easy: You’ll pay a flat 4.75 GBP (about $6) on all transfers, with no commission and no hidden fees.

Which countries can I send money to with GlobalWebPay?

GlobalWebPay sends money to an astounding 205 countries, though you’ll want to first make sure that it supports transactions between your and your recipient’s specific currencies before initiating a transfer.

What type of transfer does GlobalWebPay support?

GlobalWebPay supports online bank-to-bank transfers only, and You can fund your transfer in two ways:

  • Debit card. Enter your debit card information for immediate payment processing.
  • Bank transfer. GlobalWebPay provides the details of local banks and a reference number to make your transfer.

How do I send money through GlobalWebPay?

Sending money with GlobalWebPay is quick and simple”

  1. Register your account. If you’re a first-time users, submit your full name, contact information, date of birth, phone number and email address. Create a password to log in to your account.
  2. Enter your recipient’s banking details. GlobalWebPay can store your recipient’s information for future transfers.
  3. Enter your transfer amount. Either specify how much you want to send in your own currency or the amount you want your recipient to get in their local currency.
  4. Pay for your transfer. Enter your debit card or bank account details.
  5. Track your transfer. Log in to your GlobalWebPay account to see the status of your transfer. You’ll also receive email updates at each stage.

What to look out for

GlobalWebPay accepts transfers to and from most major currencies — but not among all of them. Make sure the currency you need is covered.

In most cases, funds are available the next business day, but bank holidays can result in turnaround of up to three days.

Benefits

Like many online money transfer specialists, GlobalWebPay offers fast, reliable transfers with benefits you won’t find at your local bank:

  • Low flat rate. Pay 4.95 GBP for each transfer with no hidden fees.
  • Transparent rates. Learn exactly how much your recipient will get before initiating your transfer.
  • Secure system. GlobalWebPay works with established banks and is registered with the UK’s Financial Conduct Authority.

Drawbacks

If you live in the UK, GlobalWebPay is a solid service that processes same-day transfers as long as they’re initiated before noon GMT. That said, there’s only a few drawbacks:

  • No cash pickup. If your recipient doesn’t have a bank account, you’ll need to find another service that offers cash pickups.
  • ID required for large transfers. While smaller transfers don’t require ID, you’ll need to submit proof of government-issued ID to confirm your identity for transfers of $500 or more.

Next steps

  • Easily subsequent transfers. GlobalWebPay stores the details of your recipient for future transfers.
  • Track your transfer. Log in to your account to see the progress of your funds.

Bottom line

GlobalWebPay is a fast, secure and cheap way to send money to friends and family overseas.

But with services limited to residents of the UK, you’ll likely need to compare other services to find one that supports your currency or country.

Common questions about GlobalWebPay

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Important Information*
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