How to send money to Panama with Sendity?
Would you like to find the best exchange rate when sending money to Panama? We have great news for you! With Sendity you don't lose money with the exchange rate and the recipient receives more money than with other providers. If you want to join Sendity follow these simple steps and send more money (USD) from Europe to Panama:
1. Create your account for free or sign in.
Start sending money to Panama with the best exchange rate by joining Sendity. To create a Sendity account you only need 5 minutes, a phone number and an email to validate your account. Easy, secure, and without leaving home! Register now by clicking on the "Register" button.
2. Verify your identity.
As you know, current regulations require us to verify the identity of the person making international transfers. This step is very important as it helps us to keep each client's money safe and to be able to detect any problem. In addition, it is only necessary to do it once when registering your account. When you start this process, you will need to create a 4-digit security PIN that will protect your transfers every time you send money.
Later, to verify your identity, we will ask you to take a selfie in which your face can be clearly seen and also a photo of your residence document. Remember that to send money to Panama it will be essential that you have residence in one of the States of the European Union.
3. Select Panama as the destination country and enter the amount you want to send.
When you enter the amount you want to send, you will be shown the fee you have to pay for the service. With Sendity there are no surprises or hidden fees. We convert the source currency (EUR) to dollars (USD) with the real exchange rate of the market and we always inform the commissions in advance.
When sending money to Panama you pay a small fixed commission of 2.50 EUR and a variable commission of 1.5% on the amount to be sent.
4. Enter the recipient's details.
Enter the full name and information of the beneficiary and the rest of their information. Tip from our team: Save this beneficiary as a “favorite” on your profile so you can speed up your future remittances in case they are a recipient you send money to on a recurring basis.
5. Pay your transfer to Panama.
Check and confirm all the details of your transfer. Please note that the name of the person whose phone number you have chosen must match the name of the recipient. If everything is correct and you want to continue, have your credit or debit card ready to complete the payment in euros and click on "Make Payment". If you have a discount code, don't forget to enter it before paying!
Your money is on the way!
As soon as we have confirmed your transfer, you will be able to track it in your transaction dashboard or using the unique code that we will issue for you. Your money (USD) will reach the beneficiary in less than 24 hours.
At Sendity we always work to give you the best service and to take care of every detail. We have the lowest money transfer rate along with fair and honest commissions. When sending euros, Sendity's exchange rate is undoubtedly the best. Essentially, Sendity will always offer you the lowest rate compared to other companies such as Moneygram, Wise or Ria.
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Five reasons why Sendity is the best choice for sending money to Panama:
- We operate in 20 countries with the best exchange rate.
Sending money to Panama through Sendity, from Europe, is very easy. And you will always find the best exchange rate in the market and fair transfer rates. We reach 19 countries in Latin America, including Panama, with a much more competitive service rate than other online providers and offering a close service to attend all of your doubts and questions.
- Accurate and transparent information.
At Sendity we believe it's fair that before you pay for your transfer, you’re aware of all the costs of sending your money. Therefore, there are no hidden commissions on the price of your remittance. We like to be clear and honest with you, which is why we always offer the actual market exchange rate. Also, we always outline our service fees openly.
- It's easy.
Send money to your loved ones from Spain (or elsewhere in Europe) by making an immediate and secure payment in EUR as if it were a domestic transfer. We offer a transparent and agile digital service, where you don't have to worry about whether your money will be safe. Sending money to loved ones is already a common occurrence, and we love doing it. All you need to transfer money is your credit or debit card.
- Money transfers in less than 24 hours.
If money transfers are made during business hours, they will usually arrive at the destination in 30 minutes, or up to a maximum of 72 hours if they are made during the weekend. This is very important, because when making an online transfer we look for a low rate but also a fast service, right?
- Trust and security.
We are an authorized Electronic Money Institution, so your funds are 100% safeguarded. Whether sending money to Panama, Venezuela, Cuba or any of the countries in which Sendity is present, your money is completely safe. We are also legally required to protect your money by keeping it in a low-risk financial institution, so you can rest assured that your money is in safe hands.
