To send money to Nigeria, you need to consider a number of criteria, including the exchange rate, the speed, the amount you’re transferring, and the currency you are exchanging. You can sign up with most money transfer services through their websites or download their apps, which give you quick and easy access from any smart device. Check out our top five choices if you’re looking for an online remittance service provider.
Remitly
Remitly accepts both credit and debit cards, and money may be sent in minutes with their Express option. Remitly doesn’t have a minimum transaction limit, making it helpful in sending little sums to relatives or friends in other countries.
When it comes to fees, Remitly doesn’t offer much transparency. More than one-third of their costs are hidden in the exchange rate markups. Additionally, Remitly’s outdated website structure makes the sign-up a bit challenging.
Azimo
By offering secure money transfer services to a range of destinations, Azimo has risen to the top in recent years. Its users have access to a variety of payment and collection methods, as well as more than 300,000 collection points.
The downside is that Azimo doesn’t cover a large number of countries. There is also no 24/7 customer service, another major shortcoming for an online remittance service provider.
WorldRemit
WorldRemit is a company that focuses on remittances and small transactions. Their prices are frequently better than those offered by local banks, and they have more delivery alternatives than PayPal, Western Union, or MoneyGram.
It is not possible to get a free quote if you are not a registered user. There is also a maximum transfer limit, making the service less than optimal for businesses looking to send money to Nigeria.
TransferGo
The TransferGo sign-up procedure is simple and free of any stumbling blocks. Customers may send money to more than 40 countries using TransferGo’s services, available in nine languages. Your money will usually arrive in Nigeria within three business days.
TransferGo has some exciting features but is limited to a few currencies, transfer methods, and volume limits. Many people and businesses complain that the exchange rate changes after their transfer exceed a certain threshold.
Lycaremit
Lycaremit is the only company on the list that has an established client base in Nigeria. Lycaremit’s ultra-low costs and clear margins have made it a popular choice for customers.
Clients of Lycaremit may send money to Nigeria and have it delivered in as little as 48 hours. Another key advantage of Lycaremit is that clients have access to customer service 24 hours a day, seven days a week, helping them deal with any potential delays. All Lycaremit transactions are encrypted and secure.
Bottom Line
Traditional and online remittance providers each have their own set of advantages and disadvantages. Some appear to be inexpensive, but they take a long time to transfer funds. Others promise faster turnaround times in exchange for high fees.
Lycaremit offers all of the above features and more, making it a convenient and hassle-free option for small and large transfers. Please register now if you’re looking for a cost-effective and straightforward way to send money to Nigeria.
