Azimo money transfer review & guide
Exchange rates, payment options, step-by-step guide, transfer fees, and all you need to know about .
Everything you need to know
Azimo review
Azimo Money Transfer is one of the many options for sending money online. You may be looking at sending money abroad to family or friends. If so, you’re probably curious as to if Azimo Money Transfer is right for you. You’ll want to know its services, speed, price, and if you get a good exchange rate with Azimo.
First off, what does the company do? Azimo’s main service is a digital option for sending international money transfers. It has a sleek website as well as apps on Android and iOS. Using Azimo you can send money from anywhere.
Transfers can be funded with a local bank transfer or a debit or credit card. Azimo also offers online payment with services like SOFORT in some locations.
Payment Methods Available with Azimo
Azimo, now part of Papaya Global, offers several payment methods for sending money from Canada
How long does a transfer usually take with Azimo?
Bank transfers usually take between 1 to 3 business days, depending on the recipient's bank and local banking systems. Cash pickup services are often completed within 24 hours, depending on the availability of pickup points.
Pros and Cons of using Azimo
Large network of over 190 countries
Many types of payout options for receivers
Services is available in 10 different languages
Fast speed of the transfers
Cons
Available only for senders in European countries. Not available for Canadian and USA customers.
Customer service has been reported to be slow
Fees are rarely the cheapest compared to competitors
Customers have reported issues with payouts to receivers
How it works
How does Azimo make money?
Azimo, a digital money transfer service founded in 2012, primarily generates revenue by charging fees on international remittance transactions. These fees typically range from 1% to 2% of the transaction amount, depending on factors such as the sending and receiving countries, payment methods, and delivery options .
The company also applies a markup to the exchange rate, which contributes to its revenue. This markup varies based on the currency pair involved in the transaction .
Azimo exchange rates
Best rates with RemitBee
Transfers are secure, with top-level encryption protecting your data and funds. Whether you're sending money to family or handling business transactions, RemitBee ensures a smooth, reliable experience every time.
Safety and security
Is Azimo money transfer secure?
Azimo prioritizes the safety and security of its users through a range of robust measures. The platform operates under the oversight of top-tier financial regulatory authorities, including the Financial Conduct Authority (FCA) in the UK, ensuring compliance with strict legal standards. Azimo uses advanced encryption protocols to protect users' personal and financial data during transmission and storage.
Azimo is PCI DSS compliant, adhering to global standards for secure card payment processing. These comprehensive security measures demonstrate Azimo’s commitment to providing a safe and reliable money transfer service for its users.
Security features
Have questions? We have answers!
- Azimo Review