Send Money With Sendwave
1 USD = 1.290 INR
- Unrestrained and portable active stereo speaker
- Free from the confines of wires and chords
- 20 hours of portable capabilities
- Double-ended Coil Cord with 3.5mm Stereo Plugs Included
- 3/4″ Dome Tweeters: 2X and 4″ Woofer: 1X
Sendwave Review 2025: The Ultimate Guide to Quick and Affordable International Money Transfers
Updated: January 2025
Welcome to our detailed guide on Sendwave, a leading solution for international money transfers. Whether you’re a frequent user or new to the platform, this guide covers everything from features and costs to security measures and frequently asked questions. Let’s dive in!
What Is Sendwave?
Sendwave is a mobile-first money transfer service that simplifies sending funds to select African and Asian countries. With fast transfers and low fees, it’s ideal for users seeking efficiency and affordability. The app-only platform focuses on minimizing costs by exclusively using debit cards, offering a secure and straightforward experience.
Key Features of Sendwave
Why Choose Sendwave?
- Mobile-Friendly Transfers: Manage your transactions conveniently through the app anytime, anywhere.
- Quick and Simple Signup: Register using just your name, email, and phone number.
- Low Minimum Transfers: Send as little as $1, perfect for small transactions.
- Fast Delivery: Transfers are typically processed within seconds.
- Transparent Costs: No hidden fees; only a small exchange rate markup applies.
Drawbacks to Consider
- Limited Destinations: Supports transfers to approximately 20 countries.
- Debit Cards Only: No support for credit cards or PayPal payments.
- No Web Interface: Transfers must be made through the mobile app.
How Sendwave Works
Sendwave is designed to be intuitive and user-friendly:
- Download the App: Available for iOS and Android devices.
- Sign Up: Create an account with your basic details.
- Add Payment Method: Link a debit card to your account.
- Enter Recipient Information: Include the recipient’s name, phone number, and payment method.
- Send Money: Confirm the amount and process the transaction.
The app allows you to track transfers in real-time and provides instant updates on the status of your transaction.
Sendwave’s Exchange Rates and Fees
Sendwave does not charge traditional transfer fees. Instead, it earns revenue through exchange rate markups, which are generally low compared to competitors.
| Currency | Mid-Market Rate | Sendwave Rate | Markup |
|---|---|---|---|
| Bangladesh (BDT) | 107.16 | 113.76 | 1.44% |
| Ghana (GHG) | 12.43 | 11.92 | 4.10% |
| Kenya (KES) | 130.08 | 128.07 | 1.54% |
| Philippines (PHP) | 54.68 | 53.81 | 1.59% |
Example Calculation
If you send $100 to Kenya:
- Your $100 equals 13,008 KES at the mid-market rate.
- With Sendwave’s rate, your recipient gets 12,807 KES.
- The difference (201 KES) represents Sendwave’s profit, equivalent to $1.54.
Transfer Limits and Verification
Default Limits
- Daily: $999
- Monthly: $2,999
Verified Limits
Submit a government-issued ID to increase your limits:
- Daily: $2,999
- Monthly: $12,000
Verification is simple and can be completed directly through the app.
Supported Destinations and Payment Methods
Supported Countries
Sendwave supports transfers from the US to these countries:
- Bangladesh (BDT)
- Ghana (GHG)
- Kenya (KES)
- Nigeria (NGN)
- Senegal (XOF)
- Tanzania (TSH)
- Uganda (UGX)
Payment Options
Sendwave exclusively accepts debit cards. This approach helps minimize processing costs, allowing the platform to maintain competitive rates.
How Secure Is Sendwave?
Sendwave prioritizes security:
- Encryption: All transactions are encrypted using 128-bit technology.
- No Data Storage: Personal and financial details are not stored in Sendwave’s databases.
- Regulated Service: Licensed as a money transmitter in all operating countries.
Tracking Transfers
Stay informed about your transaction status:
- In-App Notifications: Check your transfer status in the app’s transaction tab.
- Email Alerts: Receive email confirmations when funds are delivered.
If issues arise, Sendwave’s support team will promptly address them.
Comparing Sendwave to Other Services
| Provider | Transfer Speed | Fees | Best For |
| Sendwave | Seconds | No fees | Small transfers to specific countries |
| Wise | Minutes | From 0.41% | Transparent fees, mid-market rates |
| MoneyGram | Minutes | From $0 | Cash pickups worldwide |
| Instarem | 24 hours | From 0% | Rewards and zero-fee promotions |
Frequently Asked Questions (FAQs)
1. Can I Cancel a Sendwave Transaction?
Yes, as long as the funds haven’t been delivered. Cancel directly in the app by selecting the transaction and tapping “Cancel.”
2. How Do I Contact Customer Support?
Customer support is accessible through the app. You can call or text the support team as needed.
3. Why Doesn’t Sendwave Accept Credit Cards or PayPal?
To keep costs low, Sendwave only supports debit cards, avoiding high processing fees associated with credit cards and PayPal.
4. What Happens If My Transfer Fails?
In case of failure, Sendwave notifies you immediately and provides assistance to resolve the issue.
5. How Fast Are Transfers?
Most transfers are completed within 30 seconds. Cash pickups or bank deposits may take slightly longer, depending on the destination.
Final Thoughts
Sendwave stands out as a convenient, cost-effective option for transferring money to select African and Asian countries. Its app-only model, combined with low fees and fast transfers, makes it an excellent choice for users seeking simplicity and transparency.
Need Assistance?
Visit the Sendwave App or contact customer support directly through the app for any queries or issues. Start sending money today and experience seamless international transfers with Sendwave!
