At A Glance
Banks and other old-fashioned money transfer businesses sometimes charge high fees and have hidden expenses. Low cost international money transfers are becoming increasingly important as people seek better value and transparency. Most of the time, wire costs are between $30 and $50 per transaction. In many circumstances, FX markups can considerably increase the total cost. For example, the real conversion rate is 1 USD = 74 INR, but some firms only provide 1 USD = 72 INR, which means they keep the difference.
Also, the transfer process is usually slow, and it can take the recipient several working days to get the money. It can be frustrating for the sender and the recipient to send money abroad. It is because of this delay and the extra taxes.
As the globe gets more connected, people and businesses need faster, cheaper, and more open ways to move money across borders. There is a clear need for a cheaper and better way to help family members in need or pay workers in other countries. Beem meets that demand by making international transfers cheap, fast, and precise, with no hidden fees or complex fine print.
Beem’s mission is simple: to make transmitting money worldwide as easy as possible by breaking down financial barriers. Beem makes sending money anywhere in the world easy and cheap by offering transparent, flat-fee Pricing and competitive FX rates.
How Beem Offers Low Cost International Transfers
Flat, Upfront Fee Structure—No Tipping or Fine Print
Unlike traditional services, Beem uses a flat-fee model, ensuring the sender knows precisely what they will pay from the start. There’s no percentage-based fee, extra “rush” charges, or hidden costs. The fee is clearly stated upfront, and you see exactly what you pay. This simplicity allows users to send money confidently, knowing exactly how much their transaction will cost and how much the recipient will receive.
FX Rates Close to Mid-Market, Not Inflated
A considerable part of traditional transfer services’ hidden costs lies in their FX markups. Beem eliminates this issue by offering exchange rates close to the mid-market rates—the rate you see in the news or on currency conversion apps. This transparency means that users get the best possible value for their money, ensuring the recipient receives more.
Intelligent Routing for Optimal Speed and Cost Efficiency
Beem uses innovative routing technology, ensuring your money travels through the fastest and most cost-effective routes. This means that you don’t have to choose between speed and affordability. Beem balances both, delivering funds quickly and affordably, often in 24 hours or less.
Also Read: Gift Cards vs. Bank Transfers: Which Is the Cheapest Option for Sending Money?
Real Savings Compared to Banks and Fintech Rivals
Beem vs. Banks: $30–$50+ Wire Fees Avoided
If you’ve ever used a bank to send money abroad, you know the high wire fees can quickly add up. These fees can range from $30 to $50 per transfer, making what should be an affordable transaction suddenly expensive. Beem cuts out these high fees, allowing you to send money for a fraction of the cost—without sacrificing speed or security.
Beem vs. Wise, Xoom, Western Union: Better Rates + No Backend Charges
While services like Wise, Xoom, and Western Union may offer competitive rates, they often charge backend fees, such as receiving fees or hidden FX markups. Beem provides more competitive upfront rates, with no backend deductions, ensuring the recipient gets more.
| Provider | Transfer Fee | FX Rate | Total Received | Transfer Time |
| Bank | $40 | 1 USD = 72 INR | ₹36,000 | 3–5 business days |
| Wise | $8 | 1 USD = 74 INR | ₹37,000 | 1–2 business days |
| Xoom | $15 | 1 USD = 73 INR | ₹36,500 | 1–2 business days |
| Western Union | $20 | 1 USD = 71 INR | ₹35,500 | 2–3 business days |
| Beem | $10 | 1 USD = 74.5 INR | ₹37,250 | Same day/24 hours |
As you can see, Beem’s rates are better, and the recipient receives more money in hand, often within 24 hours or less.
Fast Delivery with No Waiting for Business Hours
Transfers Process on Weekends and Holidays
Unlike banks or other providers that only process transfers during regular business hours, Beem works 24/7, ensuring that your transfer is processed on weekends and holidays. This round-the-clock availability eliminates delays and allows you to send money anytime, ensuring the recipient gets the funds without waiting for business days.
Real-Time Updates with Full Tracking
To ensure a smooth experience, Beem offers real-time updates for all transactions, allowing senders and recipients to track the progress of their money. You’ll know when the funds are sent, when they’re processed, and when the recipient receives the money—giving you complete visibility at every stage.
Digital Gift Cards for Instant Value Delivery Overseas
Beem’s digital gift cards are a game-changer for recipients who may not have access to a bank account or cash pickup locations. These gift cards can be sent instantly, and their value remains intact in local stores or brands, avoiding FX charges. They provide immediate value, making them an excellent solution for international transfers in remote or underbanked regions.
Also Read: Beem’s Speed: How Fast Can You Send Money?
Ideal for Families, Freelancers, and Remote Support
Send Money to Family Abroad Instantly Without Fees Eating into Support
Whether sending money to support a loved one in another country or paying emergency expenses, Beem ensures that your family members get the intended amount, without paying hefty fees. Families can support loved ones abroad with the knowledge that more of their hard-earned money is making it to the recipient.
Freelancers Pay Offshore Teams or Receive Payment Seamlessly
Freelancers working internationally need a reliable, affordable, and fast way to send and receive payments. Beem’s low-cost transfers make it easier for freelancers to receive payments from clients or pay overseas contractors without losing a significant portion to fees or hidden charges.
Emergencies? Get Money to Loved Ones When It’s Needed Most
Emergencies can happen at any time, and when they do, fast and affordable money transfers are crucial. Beem’s quick processing times ensure that funds can be delivered when your loved ones need them most.
Beem’s International Reach and Supported Corridors
Popular Countries Supported (e.g., Mexico, Philippines, India, Nigeria, etc.)
Beem supports over 100 countries, including popular destinations like Mexico, the Philippines, India, Nigeria, etc. This extensive reach makes Beem a top choice for users looking to send money to family, friends, or clients in various regions.
Gift Card Payouts for Regions Where Banking is Limited
In countries with limited banking infrastructure, Beem’s digital gift cards effectively send funds. These cards can be used in local stores, providing recipients with immediate access to the full amount of the transfer.
Plans for Expansion and Multi-Currency Support
Beem is continuously expanding, with plans to add more countries and support for additional currencies. Whether you’re sending funds in USD, EUR, or local currencies, Beem aims to become a global leader in low-cost international transfers.
Transparent Pricing = Trust and Repeat Use
Why Transparency Matters in International Payments
Transparency is at the heart of Beem’s service. Unlike traditional providers, Beem ensures that every fee is communicated upfront, with no surprise deductions at the end of the transaction. This honest approach builds trust, making Beem the top choice for personal and business transactions.
No Surprise Deductions on the Recipient’s End
With Beem, recipients always get the intended amount—no hidden backend charges or unexpected deductions from intermediaries. This transparency ensures that senders and recipients can use Beem without worrying about surprise costs.
Trust-Building for Personal and Business Remittance Users
As Beem’s user base grows, repeat business and customer loyalty directly result from its trustworthy, transparent approach. Both personal remitters and business users turn to Beem for their international money transfer needs, knowing they can count on reliable, low-cost services.
Built-In Features That Add Extra Value
Transaction Tracking, Payment Receipts, and Exportable Reports
Beem goes beyond just transferring money—it offers tools like transaction tracking, exportable payment receipts, and reports, which are especially useful for business users or individuals who want a record of their transfers.
Emergency Backup (Everdraft™) If You’re Low on Funds Before a Send
Beem’s Everdraft™ feature ensures that users can still send money even if they don’t have enough funds in their linked account at the moment of transfer. This backup feature gives you the flexibility to send money on your terms.
Beem Wallet for Managing Recurring Transfers or Multi-Party Payouts
Beem’s wallet system allows users to set up recurring transfers or manage payouts to multiple recipients at once—perfect for businesses or freelancers who need to manage multiple payments across different countries.
How to Get Started Sending Money Internationally with Beem
Getting started with Beem is easy. Here’s a step-by-step guide:
- Sign up for a Beem account
- Add your bank details or link a debit/credit card
- Choose your destination country
- Select payout method (bank transfer, gift card, or Beem-to-Beem wallet transfer)
- Send your payment and monitor progress in real-time via the app
Beem’s app makes managing international transfers simple, so you can easily send money.
Conclusion – Beem Is Best for Low Cost International Money Transfers
Beem offers an innovative, affordable, and transparent way to send money internationally. With its low fees, competitive FX rates, and fast delivery times, Beem is the best option for anyone who needs to send money across borders quickly and affordably. Whether you’re supporting family abroad, paying freelancers, or managing business expenses, Beem makes global transfers easy and cost-effective.
Try Beem today and experience a more innovative way to send money abroad.
FAQs – International Transfers via Beem
Is Beem available in all countries?
Beem is available in over 100 countries and is continuously expanding.
What’s the transfer speed to major countries?
Transfers are often processed within 24 hours or less, even on weekends.
How are exchange rates determined?
Beem offers competitive exchange rates close to the mid-market rate.
Are there limits for international transfers?
Yes, transfer limits depend on your country of residence and the destination country.
Is recipient registration required?
Recipients don’t need to register to receive money but must choose a payout method.
