If you've ever tried to transfer money online, you probably noticed how many alternatives there are. It might be tough to determine which option is ideal for transferring money abroad. That’s why we are here for you. In this article, you will find out why we think PayDo is the best way to send your money internationally. Stay with us and keep reading for more information about this secure platform for sending money abroad.
What is PayDo
If you want to learn how to transfer money in the best possible way in 2023, you have landed on the right page. We are sure you are asking yourself whether PayDo is a safe option or whether PayDo is legit. We are here to answer these questions for you.
So, let’s start with the basics. What is PayDo? In short, PayDo is one of the best ways to send your funds online. This platform allows you to send and receive various currencies on your e-wallet.
If you are looking for an easy way to send your money, with low fee rates and a secure system, we think PayDo is for you!
It doesn’t matter if you need a personal or business account. With PayDo, you can transfer your money without going to a bank, wherever you are.
Did we mention that the platform offers a trusty customer care system that works 24/7 for its clients? Yes, you heard us. You have insight into your transactions and your funds on available balances at every moment, so there’s no reason to worry.
Use 35+ multicurrency balances to pay online for purchases. In your account, you can open suitable balances in your local currencies for payment on checkout without exchange.
The first step you need to make is to create a personal or business account on PayDo. After you have been verified, you will get your PayDo account with multicurrency wallets and global and local bank details for incoming and outgoing transfers.
How does PayDo work?
We are sure that you have already opened your account on PayDo. After doing so, you need to wait to be verified.
You will get a virtual IBAN with your European details. The digital IBAN is most beneficial if you sell things online to buyers in other countries. It is more helpful and allows you to operate your business more efficiently. You may make payments from your online account and transfer money using IBAN.
A few steps to get all the benefits. No minimum costs, no lock-in contracts, and no hidden fees.
- Open a PayDo account for free and without any maintenance fees.
- Secure your account by adding two-factor authentication (2FA).
- Choose the verification type that suits you and complete it for a few minutes.
- Get individual local (GB) and international bank details instantly after account verification and open a European bank account online.
- Top up your balance conveniently with a card, bank transfer or 350+ alternative payment methods.
Money transfers types
PayDo is ideal for customers looking for a fast, efficient, and secure way to send payouts anywhere in the world, on any day of the week, and at any time.
Send money to yourself, relatives and friends to most countries with low and transparent transfer fees in any suitable way:
Bank transfers
Send and receive local and international multicurrency bank transfers. PayDo can settle funds via local bank transfers: SWIFT, SEPA, SEPA instant, FPS, CHAPS, and BACS. More than 6 currencies are supported, including USD, EUR, GBP, AUD, and CAD.
Unique banking solution for UK and oversea customers
We will provide you with a local UK bank account number with a sort code. You will be able to receive money for free and hold over 6 currencies in your account at any one time.
Receive payments, and set up a direct debit to/ from uber, eBay, Etsy, Amazon and other UK companies by holding a local UK bank account.
With British IBAN, you can accept payments easily even if you aren't based in the United Kingdom. All UK schemes are reachable.
Incoming payments via Bank Details
You can get funds to your PayDo account from 3rd-parties or from your own account at another bank. To do this, on the Bank Details page, select the country of the sender bank and indicate the desired transfer currency. The system will determine the most appropriate details for creating a payment.
PayDo can settle funds via international and local bank transfers: SWIFT, SEPA, SEPA instant, FPS, CHAPS, and BACS.
Card transfers
Withdraw funds to own or third-party cards. Transfer funds anywhere that Visa and Mastercard are supported. Card transfers are accrued from 30 minutes.
Transfers to other PayDo users
Money transfers within the bank. Easier withdrawal creation with the lowest fees. Large network of users.
Is PayDo safe, as reviews are saying?
The simple answer is YES! so you don't need to worry. But, if you want a more detailed answer, here is our explanation.
Funds are safeguarded within leading UK and European banks
We follow strict FCA regulations related to your funds and keep them separate from our own company funds in accounts of the safest UK and EU banks.
Your money is not subject to the FSCS scheme; however, 100% of your funds are secured in separate accounts compared to banks.
PCI DSS & GDPR Protected
We are PCI DSS Level 1 and GDPR compliant. As a service provider, we are responsible for the security of the cardholder data that we possess or otherwise store, process and transmit on behalf of the customer.
PSD2
The Revised Payment Services Directive (PSD2) is a European regulation that creates a more open, competitive, and secure payment landscape across Europe. It means your account and funds are protected when you pay online.
3D Secure
3DS is the card payment authentication solution that creates better shopper experiences while reducing fraud. You get a simple step in the payment process to allow the issuer bank to check and protect your payment.
2FA
We use two-factor authentication to protect your account, even at checkout, and as an extra step for withdrawals. Be sure that the funds on your balances are safe.
As you can see, PayDo is a reliable and trustworthy platform for sending money online worldwide. With PayDo, you can do whatever you want. If you need to, you can send money to the UK, for instance, or you can receive money for your company or personal use while always ensuring that your funds are safe.
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