Cross-border transactions are complex. They require effective coordination between buyers and suppliers in different countries, often in different time zones. Because various banking systems, currencies, and regulations are involved, choosing the right platform to facilitate these payments is essential.

There are many different money transfer apps available, but not all of them are created equal. In this blog post, we'll compare three of the best apps to send money internationally: PingPong, Revolut, and Wise.

1. PingPong

Let's start with the cream of the crop. PingPong is a payment processor that facilitates same-day payments to suppliers, including those in China. This is a huge time-saver for eCommerce companies needing to make frequent or large payments to China or other Asian countries.

Whether you source your products there and need to pay for a supplier or need to pay for remote employees, PingPongs makes it easy. The intuitive dashboard allows for same-day payments in nearly a dozen currencies. That is made possible due to their secure digital wallet, which eliminates the need for an offshore bank account.

In addition, PingPong offers a reconciliation service that can save you hours of work each month. With robust API integrations and VAT support, PingPong is the best choice for companies doing business overseas.

They're also the best choice for eCommerce companies looking to scale their business. Uncapped transaction limits and 24/7 customer support make it easy to do business on a global scale. Their low fees also help save you money on international transactions.

2. Revolut

Revolut is another great option for sending money internationally. They offer a mobile app and virtual debit card that you can use in over 150 countries. Their exchange rates are competitive, and they don't charge any fees for foreign transactions.

This app seems to be axed more toward individuals rather than businesses. It's great for people who travel frequently or have family overseas. With free ATM withdrawals in any currency and the ability to send money internationally to other Revolut users for free, it's a cost-effective way to manage your finances when you're abroad.

Overall, Revolut is a great choice for individuals or small businesses that don't have complex international payment needs. However, there are some downsides.

First, their customer service is not as robust as PingPong's. Additionally, there are no transaction limits in the US, but they are not unlimited in other countries. This could be a problem for businesses that need to send large payments internationally regularly.

3. Wise

Wise is another one of the best apps to send money internationally. You might have known it as TransferWise in the past. They've since rebranded and have become even better at what they do.

Wise offers a mobile app and borderless debit card that individuals and businesses can use in over 200 countries. Their rates are very competitive, enabling you to receive money like a local in 10 currencies. Not bad compared to PingPong's eleven, yet still no match.

One thing that sets Wise apart is its acceptance of cryptocurrencies. So, if you're dealing with Bitcoin, Ethereum, or another cryptocurrency, Wise is a great option for trading. They also offer a multi-currency account that can hold 53 different currencies.

Like Revolut, Wise is a good choice for individuals or small businesses with simple international payment needs. However, eCommerce companies often cannot afford to wait nearly a week for their supplier payments to go through. Wait times like these cause delays in the production chain and can ultimately lead to lost sales.

How to Choose The Right App For You

Now that you know a little more about the top three best apps to send money internationally, it's time to choose the right one for your needs. If you're an individual with simple payment needs, all three apps will work great for you.

However, if you're planning on transacting large sums frequently, especially in the Asian market, PingPong is the clear choice. With their local expertise, superior customer service, and fast payments, they'll help you save time and money while doing business overseas.

Since opening a PingPong account is free and easy, there's no reason not to try them out.

How to Get Started With PingPong

Now that you know PingPong is the best app for sending money internationally, it's time to get started. You can start using their services immediately by creating an account and linking your bank account. The entire process only takes a few minutes, and there's no commitment required.

Once you've linked your bank account, you can fund your virtual wallet and use it how you see fit. You can either hold the funds in your wallet or convert them to another currency. The choice is yours.

If you decide you want to start using PingPong to pay your suppliers, simply add them to your account and set up recurring payments. We'll ensure your payments are processed quickly and efficiently, so you can focus on running your business.

For more information, visit our resources section, where you'll find more blog posts, podcasts, case studies, and even webinars. Alternatively, you can contact us directly; our customer service representative will be pleased to assist you.