How Do Lycaremit Transfers Work?

In less than a decade, Lycaremit has managed to establish a loyal customer base by providing reasonable exchange rates and 24/7 support to be of assistance every step of the way. In addition to a full transparency policy, Lycaremit customers pay ultra-competitive fees while being able to send money to over +80 countries.

If you’ve decided to join our community, read on to see how you can make your first Lyca money transfer.

1. Sign Up

Like other top players in the remittance market, Lycaremit offers a multi-platform service, meaning you can transfer funds via your PC, laptop, smartphone, or tablet. First, you need to sign up.

Unlike many other remittance providers, Lycaremit’s sign-up process is hassle-free. All you need to do is to enter your email address and phone number. After that, you’ll receive a verification code (OTP) on your email and smartphone. Simply enter the code and login.

2. Login

You can make a Lyca money transfer on the website or the Lycaremit  Android or iOS app. First, let’s address the website.

The Website

After you log in to your profile, you can see your last month’s transaction history, showing you the number of transactions, their overall value, and the number of recipients. You can observe all the details on the recipients, transactions, ID documents, and your balance on the left panel.

To make your first Lyca money transfer, you need to hit “send money” on the right side of the screen. Next, you can choose to send the money to a beneficiary or do an air top-up to mobile.

Next, you can easily put in the transfer amount, select the currency, and see the transaction details. Here, you get a detailed breakdown of the fees and rates, showing you how much will be delivered to the destination.

Once you put in the amount, you need to enter your recipient’s information. After a careful review, you can make the transfer.

The App

Once you log in via the Lycaremit app, you simply enter the transaction amount and choose from more than 50 countries worldwide. The beauty of Lycaremit is that you can send money to the less-mainstream countries like Benin, Uganda, Nepal, and Vietnam, in addition to popular destinations.

As stated before, there is no complex system that hides the actual fees, rates, etc. You’ll see how much you have to pay on fees and how much will arrive on the other side. Thanks to the super-secure RSA 256-bit encryption, all of your transactions are well protected.

To continuously monitor every step of the entire process, you can use the “Track Transfer” button on the main page. Plus, if you need to set up a repetitive payment pattern, the “Quick Resend” button on the main page can help you. And simple as that, you’ve made your first Lyca money transfer.

Bottom Line

Every remittance provider has its unique benefits and drawbacks. Some providers claim to make same-day transfers but charge exorbitant fees and support a limited number of countries. Others allow transfers to a large number of countries but take about a week to deliver the funds.

It’s wiser to look for a solution that can give you the best of both worlds. A provider that charges minimum, transparent rates, supports +80 countries and doesn’t take forever to deliver the money. Fortunately, you don’t need to look far. Lycaremit fits this description precisely. So, register and make your first transfer.

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