Paysend Libre has five great advantages:
1. You don’t need to know the recipient’s card or account details to send them money. Advance knowledge of this information is less likely if the recipient has moved overseas, so this advantage reduces friction.
2. The recipient doesn’t need their own card or account to receive the payment. This is helpful for sending to countries with lower financial inclusion, or if the recipient moved recently and has not set up their account.
3. No lengthy checks before payment is received. Paysend will already have made appropriate checks on the sender already, so the recipient can receive money without waiting for the outcome of extra checks.
4. Reduction in payment failures. Transfers to countries with less well-established payment networks can see high failure rates. With Paysend Libre, Paysend manages the whole payment journey, so it is much more reliable.
5. The payment is available immediately. Because Paysend manages the whole payment journey, there is no reliance on moving funds through traditional payment networks. Money is available for recipients immediately.