Pangea money transfers review December 2018 | finder.com

Review: Pangea international money transfers – December 2018

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An easy-to-use transfer service for sending money to Latin America and Asia

Pangea offers a streamlined and an easy-to-use online and mobile app money transfer service for those who need to send funds to South America and Asia. You’ll see the current exchange rate for your transfer as well as your flat transfer fee before you send money with Pangea, and most funds are sent within 24 hours.

Product NamePangea Money Transfer
Min. Transfer AmountUSD 20
Max. Transfer AmountUSD 2,999
Transfer Methods
Online, Cash Transfer
Transfer Options
Transfer Speed
Minimum transfer time
Same day
Customer Service
Phone, Chat, Email
Available CurrenciesBDT, CNY, COP, DOP, GTQ, HNL, IDR, INR, MXN, MYR, PHP, SGD, SVC, THB, USD, VND
Online Transfer FeeUSD 4.95
Exchange Rate UpdatesDaily

Simple transfers on the go

Sending money to Asia and Latin America is easy with Pangea’s mobile app. Complete a transfer in less than 30 seconds and pay with any US debit card.

Send your first transfer for free with code NOFEEFINDER

Our experience transferring money with Pangea

Here’s what we found when we sent a live transfer to Mexico through Pangea:

  • Pangea’s transparent fee structure meant that we paid a flat fee of $4.95, and our competitive exchange rate was within 2.5% of the mid-market rate, with rates updated multiple times a day.
  • Pangea’s easy-to-use website allowed us to sign up and initiate a transfer in about 4 minutes.
  • While the estimated delivery was 24 hours, our funds were deposited into our recipient’s Mexican bank account immediately.

money transfer awards logo-mobile

We recognize Pangea as a winner of two categories in the finder.com Money Transfer Awards 2017: Best User Experience and Fastest Transfer.

How much does Pangea Cost?

The fee you’ll pay to transfer funds with Pangea depends on where you’re sending the money and whether you are paying with cash or by debit. The option to pay with cash is only available in Illinois.

Country Pay with debit Pay with cash
Mexico $4.95 $5.99
China $8.00 $5.99
India $3.95 $5.99
Philippines $4.95 $5.99
Bangladesh $4.95 $5.99
Colombia $4.95 $5.99
Dominican Republic $4.95 $5.99
El Salvador $6.95 $5.99
Guatemala $4.95 $5.99
Honduras $6.95 $5.99
Indonesia $4.99 $5.99
Malaysia $5.99 $5.99
Singapore $5.99 $5.99
Thailand $5.99 $5.99
Vietnam $4.95 $5.99

Exchange rates

Pangea updates its exchange rates online every day. It skews the exchange rate for a profit, so if the mid-market exchange rate is 1 USD = 18.91 MXN, Pangea might offer a rate of 1 USD = 18.55 MXN.

What types of transfers does Pangea support?

Pangea limits the ways in which you can fund your transfer and how your recipients can receive money.

Sending money

  • Debit card. Most transactions will require you to pay with your debit card.
  • Bank transfer. Bank-to-bank transfer options are available when sending money to Mexico only.
  • Cash. If you live in Illinois, you can pay for your transfer with cash at 7-Elevens.

Receiving money

  • Bank transfer. Bank-to-bank transfers are available to recipients in Mexico only.
  • Direct deposit to debit card. Direct deposits to a debit card are only available to recipients in select countries.
  • Cash pickup. Cash pickup is available in most countries at one of Pangea’s 12,000 locations.

Pangea does not offer the flexibility of rate locks, forward contracts or recurring transfers. You can only send one-off transfers.

Pangea is not available in all states

If your state of residence is not listed here, you can’t send money with Pangea.

Here are the states where Pangea is NOT available:

  • Colorado
  • Connecticut
  • Iowa
  • Kentucky
  • Lousiana
  • Maryland
  • Massachusetts
  • Minnesota
  • Nevada
  • New York
  • North Dakota
  • Ohio
  • Oklahoma
  • Pennsylvania
  • Virginia
  • West Virginia
  • Wyoming

Here are the states where Pangea is available:

  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Delaware
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Kansas
  • Maine
  • Michigan
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • New Hampshire
  • New Jersey
  • New Mexico
  • North Carolina
  • Oregon
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Washington
  • Wisconsin

Pros and cons of using Pangea

Pros

  • Quick and easy transfers. Whether using your computer or an app, Pangea’s online transfer process is simple and straightforward.
  • 12,000 pickup locations. Your recipients can easily pick up their funds at one of Pangea’s many agents worldwide.
  • Referral promo. Earn $20 off a future transfer by referring friends.

Cons

  • Limited services. If you’re not a resident of one of the 14 states Pangea services, you’ll need to find another provider.
  • For individuals only. If you’re a business looking to schedule payments, you’ll need to look at other services.

How do I send money through Pangea?

Sending money through Pangea is quick and easy online or on the mobile app. To initiate your first transfer:

  1. Create a free account with your mobile number, full name and address.
  2. Enter the amount of money you want to send and to which country.
  3. Review the current exchange rate and your transfer fee.
  4. Pay using a debit card, bank transfer or cash.
  5. Your recipient will receive a text message with a unique transfer code to use when picking up cash at one of Pangea’s 12,000 locations.

Next steps

Once you initiate your transfer, you’ll pay with a debit card, bank transfer or cash at a 7-Eleven location in Illinois.

When your transfer is complete, your recipient will get a text message with a transfer code to pick up the cash at one of Pangea’s many locations.

Bottom line

Pangea is a great option if you want to send money to Latin America or Asia, although there are limitations on how you can fund your transfer and how your recipients can receive the funds.

You may be able to find a more competitive exchange rate, depending on your transfer options. It’s not a bad idea to compare your options before making a final decision.

See how other money transfer services compare to Pangea

I want to send

to

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
USD 0 3 - 5 days USD 0.00 0.877 EUR 4,384 Transfer up to $500,000 with no minimums and no fees. Go to site Show details
USD 1,000 1 day USD 0.00 0.876 EUR 4,382 No maximum limit, no fees and competitive exchange rates for 100+ currencies. Go to site Show details
USD 1 1 - 2 days USD 7.00 0.877 EUR
4,380
Enjoy high maximum transfers into more than 20 currencies while saving up to 90% over local banks. Go to site Show details
USD 1 Within an hour USD 3.99 0.875 EUR 4,374 Use promo code FINDER to send your first transfer with no fee.
Send to 110+ countries for bank-to-bank deposit, cash pickup or mobile top-up.
Go to site Show details
1 - 2 days USD 0.00 0.875 EUR 4,373 Get live quotes on exchange rates and take advantage of no transaction fees with no limits on transfers. Go to site Show details
1 - 2 days - - RemitMoney specializes in transfers to India, offering 24/7 customer support and easy tracking. Show details

Compare up to 4 providers

Frequently asked questions

Kelly Waggoner

Kelly Waggoner is a senior editor with finder.com. She's worked with publishers, magazines and nonprofits throughout New York City, including ghostwriting a how-to on copyediting for the Dummies series. Between projects, she toys with words, flips through style guides and fantasizes about the serial comma's world domination.

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