What’s the Cheapest Way to Send Money to the Philippines?

You already found an excellent Virtual Assistant in the Philippines, Everything is almost set up, but something is missing.

Yeah, you almost forgot, you need to set up a payment gateway for compensation.

But then you wonder how?

You thought about bank transfer but WAIT. Exchange rates are way too high and might cut-cost with your labor fee. Aside from it, you are hesitant about its credibility.

What can be an alternative option to decrease these charges and ensure it is secure?

Suppose you are having a hard time looking for the easiest way to send money over the Philippines. This will be your walkthrough guide.

Wise

​Wise - an online cash transfer, which lets you move cash multiple times more inexpensively than with a bank.

It avoids expensive global installments by utilizing two nearby exchanges rather than international exchanges.

For example, to send cash in GBP to The Philippines, you pay a level charge of around 0.59 GBP + 0.48% of the sum changed over time. Furthermore, handling may take about 1-2 business days.

Payoneer

Commonly used Payoneer is an online installment supplier that permits you to send and get installments to and from commercial centers and businesses in different nations around the globe.

Opening an account is free, and if you are a small business owner planning to pay your Filipino staff at a competitive rate, this can be your go-getter.

Payoneer fees when making a payment;

• Credit Card : 3%

They also charge the workers $3.00 per payment received and 2% to withdraw to their bank account.

Paypal

It is not the cheapest transfer option, but Paypal is considered one of the most secure and easiest ways to send money over the Philippines.       

PayPal clients can immediately move cash to them with only a tick of the mouse. Set aside time and cash over expensive Western Union-style moves while getting money to where you wish to send it quicker than at any other time.

It is highly notified with top secure features, ensuring that your money transfer will not be a subject of exploitation throughout the web.

Using PayPal is free, but fees are included, which can take around 2.5% - 4% depending on what method you use within 3- 5 business days of remittance.

VirtualStaff.ph - The all-in-one solution for finding, hiring, managing, and paying virtual staff in the Philippines!

Unlike the other companies listed above, VirtualStaff.ph is a remote team-building platform built to be an all-in-one solution for businesses to find, hire, manage, and pay their employees on one simple to use dashboard.

VirtualStaff.ph partners with Stripe, one of the largest payment processing companies in the world, to allow businesses and employers to pay virtual assistants and remote workers in the Philippines through the VirtualStaff.ph platform. 

It is absolutely free for employers to pay their staff using VirtualStaff.ph. You don't have to pay any payment processing fee or give us any kind of commission for sending salaries to your staff!