Rest assured that the Federal remittance tax will not affect your Paysend transfers in any way.
What is remittance tax?
Federal remittance tax requires transfer services to collect 1% tax from money transfers made with cash or cash-like methods. This is part of the One, Big, Beautiful Bill Act, and it came into effect on January 1, 2026.
Paysend customers will not pay remittance tax
Since Paysend transfers are digital — i.e., not made with cash — you will not need to pay the tax when sending money through our service.
Your Paysend experience stays the same
We will keep on providing fast and secure transfers with transparent exchange rates and fees. Feel free to send online money transfers using Paysend as usual.