Eversend.co Review

After careful evaluation of eversend.co, We give it a Trust Score of 2.1 out of 5 stars.

This platform presents itself as a multi-currency app designed to handle various financial needs, from currency exchange and sending/receiving money to creating virtual USD cards.

The homepage emphasizes low transaction fees, multi-currency wallets, robust customer service via in-app messaging, and high-level security, boasting over 1,000,000 “happy customers.” Eversend positions itself as a “financial super app” aiming to reduce payment costs significantly, especially for cross-border transactions within Africa, claiming to be “10X cheaper and faster than your bank.” They highlight their virtual debit cards as a way for users in Africa to save on hidden foreign exchange fees when making online payments.

The process for getting started is outlined in three simple steps: download the app, complete KYC verification, and start transacting.

Overall Review Summary:

• Service Offered: Multi-currency digital wallet for sending, receiving, exchanging money, and virtual USD cards.
• Target Audience: Primarily individuals and businesses in Africa for cross-border payments.
• Claims: Low transaction fees, fast transfers, high security, 1M+ users, 10X cheaper/faster than traditional banks.
• Key Missing Information:
  • Regulatory Compliance: While claiming to be a financial super app, there’s no clear, readily accessible information on the homepage regarding their specific financial licenses, regulatory bodies, or compliance with anti-money laundering AML and know-your-customer KYC regulations beyond a general mention of completing KYC. For a platform handling significant financial transactions across multiple countries, this is a critical omission. Transparency here builds user trust.
  • Fee Structure Details: While “low transaction fees” are emphasized, specific rates, conversion spreads, or any hidden charges are not detailed on the main page. Users need clear, precise information about what they will pay.
  • Jurisdiction-Specific Terms: Given that Eversend operates in multiple African countries, specific terms of service, privacy policies, and regulatory disclosures relevant to each country are not immediately apparent from the homepage.
  • Physical Address/Corporate Information: The homepage lacks a clear physical business address or detailed corporate information, which is standard for legitimate financial service providers. While the WHOIS data shows “Domains By Proxy, LLC” in Arizona, this is a privacy service and doesn’t reveal the actual company behind Eversend.
  • Customer Support Channels: While an “in-app messaging platform” is mentioned, there’s no direct email, phone number, or dedicated support portal listed on the homepage for general inquiries or issues before a user downloads the app. The WHOIS data provides a GoDaddy abuse contact, but that’s not for customer support.
  • Dispute Resolution Process: Information on how disputes are handled, or a clear complaint mechanism, is not present.
  • Data Privacy Policy Link: While “privacy verified by physical security” is stated, a direct, prominent link to a comprehensive privacy policy outlining how user data is collected, stored, and used is missing from the main page.
• Ethical Considerations Islamic Perspective: The core service of currency exchange and money transfer, when conducted without interest-based mechanisms Riba, can be permissible. However, the mention of “working capital” for business owners, without further clarification, raises a red flag. If “working capital” involves interest-based loans or financing models, it would be impermissible in Islam. Similarly, while virtual debit cards are a tool, their usage must align with halal principles – for legitimate, permissible transactions only. The lack of detailed regulatory and operational transparency, particularly regarding interest, makes it difficult to ascertain full compliance with Islamic financial ethics. The absence of specific disclosures on how they handle currency exchange to avoid Riba, or if any implicit interest is charged through their “rates,” is a concern.

The positive testimonials are reassuring, but they do not substitute for the fundamental transparency and regulatory clarity expected from a financial institution.

The reliance on a mobile app for all transactions and KYC is common in fintech, but the missing web-based transparency is a significant drawback.

The WHOIS information showing “Domains By Proxy, LLC” for privacy, while not inherently suspicious, further obscures the direct corporate identity of Eversend.

For a service dealing with people’s money, direct company transparency is paramount.

Given the critical nature of financial services, the lack of explicit regulatory licenses, detailed fee structures on the homepage, and a clear corporate identity or physical address are significant red flags.

While the concept of a multi-currency wallet is beneficial, the current presentation does not meet the high standards of transparency required for a service entrusted with personal finances, especially from an Islamic ethical standpoint where clarity on financial dealings is crucial to avoid prohibited elements like Riba.

Best Alternatives for Ethical Financial Management General:

1. Wise formerly TransferWise:
   • Key Features: International money transfers, multi-currency accounts 50+ currencies, debit cards for spending, transparent exchange rates, low fees.
   • Price: Variable fees based on currency, amount, and transfer speed. often among the lowest in the market.
   • Pros: Highly transparent fee structure, excellent exchange rates mid-market rate, regulated in multiple jurisdictions globally, user-friendly app and web interface.
   • Cons: Not a traditional bank, some features like cash deposits may not be available in all regions.
2. Revolut:
   • Key Features: Multi-currency accounts, international money transfers, budgeting tools, virtual and physical debit cards, stock trading avoid if interest-based, cryptocurrency exchange avoid for ethical reasons.
   • Price: Free standard plan, premium plans with monthly fees for additional features.
   • Pros: Innovative features, wide range of currencies, good for frequent travelers, strong app experience.
   • Cons: Some premium features involve subscriptions, some services like crypto/stocks may not align with Islamic finance principles.
3. PayPal:
   • Key Features: Online payments, sending/receiving money, international transfers via Xoom, business payment solutions.
   • Price: Transaction fees for certain types of payments and international transfers.
   • Pros: Widely accepted, easy to send money globally, robust buyer/seller protection.
   • Cons: Exchange rates can have higher markups than dedicated currency exchange services, not a true multi-currency account in the same way as Wise or Revolut.
4. Remitly:
   • Key Features: Specializes in international money transfers, various delivery options bank deposit, cash pickup, mobile money, competitive exchange rates.
   • Price: Fees vary by destination, amount, and delivery method. often offers promotional rates.
   • Pros: Strong focus on remittances, good for sending money to developing countries, clear fee structure.
   • Cons: Primarily for sending money, not a comprehensive multi-currency wallet.
5. Xoom A PayPal Service:
   • Key Features: Fast international money transfers for cash pickup, bank deposits, and mobile wallet top-ups.
   • Price: Fees vary by amount, country, and delivery method.
   • Pros: Reliability due to PayPal backing, wide network for cash pickups, quick transfers.
   • Cons: Exchange rates may not always be the best, primarily for one-off transfers rather than managing multiple currencies.
6. OFX:
   • Key Features: International money transfers for individuals and businesses, no transfer fees though a margin on exchange rate, dedicated account managers for larger transfers.
   • Price: No transfer fees, but a margin is applied to the exchange rate.
   • Pros: Good for larger transfers, 24/7 customer support, competitive exchange rates compared to banks.
   • Cons: Not ideal for very small transfers, less focus on multi-currency wallets for daily use.
7. Azimo now part of WorldRemit:
   • Key Features: Mobile-first international money transfers, multiple payout options including cash pickup and mobile wallet.
   • Price: Fees vary by destination and amount.
   • Pros: User-friendly app, good coverage in emerging markets, often competitive rates.
   • Cons: Similar to Remitly, focused purely on transfers, not a multi-currency account.

Find detailed reviews on Trustpilot, Reddit, and BBB.org, for software products you can also check Producthunt.

IMPORTANT: We have not personally tested this company’s services. This review is based solely on our research and information provided by the company. For independent, verified user experiences, please refer to trusted sources such as Trustpilot, Reddit, and BBB.org.

Eversend.co Review & First Look: Unpacking the “Financial Super App” Claims

When a platform bills itself as a “multi-currency app for all your money needs” and a “financial super app,” it immediately sets high expectations.

Eversend.co aims to be just that, promising seamless currency exchange, money sending and receiving, and virtual USD cards, particularly for users in Africa.

The allure of “low transaction fees” and being “10X cheaper and faster than your bank” is a powerful draw in a region where traditional banking services can be costly and slow for cross-border transactions.

They proudly state over a million “happy customers,” which, if true, suggests a significant user base.

However, a critical first look reveals several areas where Eversend.co falls short in transparency, which is paramount for any financial service provider. Canvasonsale.com Review

While the concept is appealing and addresses a genuine need, the devil is in the details, and many crucial details are conspicuously absent from their homepage.

For instance, the exact mechanism through which they achieve “low transaction fees” or their specific exchange rate margins are not laid out.

Similarly, the claim of “high level security” is generic, lacking specifics about their encryption protocols, fraud prevention measures, or regulatory oversight.

A vital aspect for any user, particularly from an ethical perspective, is understanding the underlying financial models.

The mention of “working capital” for businesses, without elaboration, could potentially involve interest-based lending, which is impermissible in Islam. Trip.com Review

The absence of clear disclaimers or alternative halal financing options immediately raises a flag.

Furthermore, while the virtual USD cards sound convenient for online payments, users must ensure their usage adheres to ethical transaction principles, avoiding transactions related to forbidden goods or services.

The initial impression is one of promise, but this promise is undermined by a significant lack of detailed, verifiable information that would typically be expected from a legitimate and ethically sound financial entity.

Missing Regulatory Compliance Details

Every legitimate financial institution is subject to strict regulatory oversight.

• Absence of Licensing Information: There is no prominent display of financial licenses or regulatory body affiliations on the eversend.co homepage. This is a critical piece of information that builds trust and assures users of legal compliance.
• Jurisdictional Clarity: Given its focus on Africa and international transfers, specific licenses for operating in various countries e.g., Central Bank approvals, money transmitter licenses are essential but not detailed.
• Anti-Money Laundering AML Compliance: While KYC is mentioned, the specific AML framework and how they combat financial crime are not outlined. Transparency on this front is crucial for a reputable financial service.
• Consumer Protection: Information about deposit insurance schemes, consumer dispute resolution mechanisms, or how user funds are safeguarded e.g., segregated accounts is not available.
• Audit and Oversight: There is no mention of independent audits or external oversight bodies that verify their financial health and operational integrity, which are standard for financial platforms.

Vague Fee Structure and Exchange Rates

Transparency in pricing is non-negotiable for financial services. 88vape.com Review

• General Claims vs. Specifics: The website broadly claims “low transaction fees” and “fair and transparent exchange rates” without providing actual figures or a fee schedule. Users need to know exactly what they are paying.
• Hidden Markups: Without clear exchange rate transparency, there’s a risk of hidden markups or spreads being applied to currency conversions, which can significantly impact the actual cost to the user.
• Comparison Data: While claiming to be “10X cheaper,” this comparison lacks specific data points or benchmarks against which users can verify the claim. Reputable services often provide real-time comparisons.
• In-App Only Disclosure: The implication that detailed pricing information is only available within the app after download and KYC is a barrier to transparency for prospective users.
• Withdrawal and Deposit Fees: There’s no information on potential fees associated with depositing funds into the multi-currency wallet or withdrawing them to external accounts, which are common charges in such services.

Lack of Comprehensive Corporate Information

Knowing who is behind a financial service is fundamental for trust.

• Obscured Ownership: The WHOIS data showing “Domains By Proxy, LLC” is a privacy service. While common, for a financial company, it raises questions about direct corporate transparency.
• Missing Physical Address: There is no physical headquarters address or registered office details on the homepage, which is a standard requirement for most financial entities.
• Corporate Hierarchy/Leadership: Information about the company’s founders, executive team, or board of directors is absent, preventing users from assessing the experience and credibility of the leadership.
• Direct Contact Information: Beyond an in-app chat, no direct email address for general inquiries, media relations, or a dedicated phone number is provided on the website. This limits pre-signup support and accessibility.
• Legal Entity Name: The precise legal name of the entity operating Eversend is not clearly stated, making it difficult to research their registration or standing in various jurisdictions.

Insufficient Customer Support Channels

While in-app messaging is convenient, it shouldn’t be the only option.

• Pre-Signup Support: Prospective users cannot easily contact Eversend with questions before committing to downloading the app and completing KYC. A public email or phone number is expected.
• Emergency Contact: In situations of fraud or urgent issues, users need immediate and diverse contact options beyond an in-app chat that might require logging in.
• Support Hours and Languages: Information regarding the availability of customer service e.g., 24/7, specific hours and supported languages is not provided.
• Knowledge Base/FAQs: While some information is presented, a comprehensive, searchable knowledge base or detailed public FAQ section on the website itself would empower users to find answers independently.
• Social Media Support: While social media handles are present, a formal commitment to customer support via these channels, or clear response times, is missing.

Absence of Detailed Privacy Policy and Terms of Service

Users must understand how their data is handled and the terms of engagement.

• Prominent Link Missing: While “privacy verified by physical security” is mentioned, a direct and easily findable link to a comprehensive privacy policy and terms of service is not evident on the main page.
• Data Collection and Usage: Users need to know precisely what data is collected, why it’s collected, how it’s stored, and whether it’s shared with third parties. This is crucial for data protection.
• User Rights: Information on users’ rights regarding their data e.g., right to access, rectify, or erase data as per regulations like GDPR or local data protection laws is critical.
• Dispute Resolution Terms: The terms of service should clearly outline the process for dispute resolution, liability limitations, and governing law, none of which are readily available.
• Cookie Policy: A transparent cookie policy explaining the use of cookies and tracking technologies is standard for modern websites but appears to be missing or not easily accessible.

Is Eversend.co Legit? An Examination of Trust Signals

Determining the legitimacy of an online financial service requires a thorough examination of its trust signals. Eversend.co presents a mixed bag.

On one hand, the claims of “1,000,000+ happy customers” and being “featured in” various publications though specific publication names are not listed on the homepage, only logos attempt to convey credibility. Youtube.com Review

The inclusion of testimonials from real Twitter users, complete with their handles, adds a layer of authenticity to their user base claims.

The existence of mobile apps on both the App Store and Play Store, which typically have their own review processes, also lends some weight to its operational status.

However, the significant omissions highlighted earlier—especially the lack of transparent regulatory compliance information, detailed corporate identity, and comprehensive fee structures—severely undermine these positive signals.

In the financial sector, opacity is a major red flag.

Without knowing which specific financial authorities regulate Eversend, users cannot ascertain the level of protection they receive or the recourse available in case of issues. Mitchcactus.co Review

The use of a privacy service for WHOIS data, while not illegal, adds to the lack of direct corporate transparency that financial institutions usually strive for.

Therefore, while Eversend.co appears to be an operational service with a user base, its legitimacy in terms of full transparency and verifiable regulatory backing remains questionable based solely on its public-facing website.

Users should exercise caution and seek more in-depth information before fully committing their funds.

The Problem with Hidden Information for Users

The lack of transparent information creates significant risks for users.

• Informed Consent Issues: Users cannot provide truly informed consent if critical details about fees, data handling, and regulatory oversight are not readily available before signing up.
• Difficulty in Comparison: Without clear pricing and service details, users cannot effectively compare Eversend.co with competitors to make the best financial decisions for their needs.
• Vulnerability to Unforeseen Charges: The absence of a detailed fee schedule means users might incur unexpected charges, eroding trust and potentially leading to financial losses.
• Lack of Recourse: If a problem arises, the lack of clearly stated regulatory bodies or dispute resolution processes leaves users unsure about their avenues for seeking resolution or protection.
• Trust Deficit: Opacity inherently erodes trust. In a sector as sensitive as finance, transparency is the bedrock of a strong, lasting relationship with customers.

Analyzing Eversend.co’s Public Facing Information

A into what is actually presented on the homepage. Yourgreenpal.com Review

• Marketing-Heavy Content: The homepage is predominantly marketing-oriented, focusing on benefits “low fees,” “fast,” “save up to 13%” rather than concrete, verifiable service details.
• Generic Security Claims: Phrases like “secure servers and privacy verified by physical security” are broad and lack specific technical or auditing details e.g., PCI DSS compliance, ISO 27001 certification.
• Ambiguous “As Featured In”: While logos of major publications or entities might be displayed, the absence of direct links or specific articles where Eversend was featured makes these claims difficult to verify.
• User Testimonials from Twitter: While genuine, these testimonials are user-generated content and do not serve as official endorsements or regulatory assurances. They speak to user experience but not institutional credibility.
• Focus on App Download: The entire user journey presented on the homepage funnels users directly to downloading the app, suggesting that critical information is held back until that step. This can be seen as a gatekeeping approach rather than transparent information sharing.

Red Flags in Financial Service Transparency

Certain omissions are universally recognized as warning signs.

• No Regulatory Licenses: The absence of clear financial licenses from recognized authorities e.g., FCA, Central Bank, FinCEN equivalent in their operating countries is a primary red flag.
• Anonymous Ownership/Contact: Services that obscure their corporate identity, physical address, or primary contact information often raise suspicion.
• Unclear Fee Structures: Any financial platform that isn’t upfront and precise about its fees and exchange rate markups should be approached with caution.
• Lack of Legal Disclaimers: Comprehensive terms of service, privacy policies, and other legal disclaimers should be easily accessible and cover all aspects of the service.
• Overly Aggressive Marketing Claims: Exaggerated claims of being “10X better” without substantiating data or easily verifiable comparisons can be a warning sign of overpromising.

The Role of Regulatory Bodies in Financial Services

Regulation ensures consumer protection and market integrity.

• Safeguarding Consumer Funds: Regulatory bodies mandate how consumer funds are held e.g., in segregated accounts, providing a layer of protection in case of insolvency.
• Preventing Financial Crime: Regulators impose AML and KYC requirements to prevent money laundering, terrorist financing, and other illicit financial activities.
• Ensuring Fair Practices: They monitor financial institutions to ensure fair pricing, transparent dealings, and ethical conduct, protecting consumers from predatory practices.
• Dispute Resolution: Regulatory bodies often provide avenues for consumers to lodge complaints and seek redress if they have issues with a regulated financial service.
• Maintaining Market Stability: By overseeing financial institutions, regulators contribute to the overall stability and integrity of the financial system, reducing systemic risks.

Why Transparency is Crucial for Trust

Transparency is not just a nice-to-have. it’s fundamental.

• Building Confidence: When a company is open about its operations, fees, and compliance, it builds trust and confidence with its users.
• Enabling Informed Decisions: Transparency allows users to make educated decisions about whether a service meets their needs, financial goals, and ethical considerations.
• Accountability: Clear disclosure holds the company accountable for its promises and allows external parties regulators, consumer watchdogs to scrutinize its operations.
• Risk Mitigation: Understanding the terms and conditions, as well as the company’s regulatory standing, helps users assess and mitigate their own financial risks.
• Ethical Alignment: For users adhering to specific ethical frameworks like Islamic finance, transparency is essential to verify that the service’s operations align with their principles, avoiding prohibited elements like Riba.

Eversend.co Countries: Geographical Reach and Regional Focus

Eversend.co clearly positions itself with a strong focus on Africa, stating, “Eversend is one of the biggest currency exchange platforms in Africa by volume.” The testimonials on their homepage explicitly mention transfers to Nigeria and Ghana, and the general narrative suggests that their primary market and operational strength lie within the African continent.

This regional specialization allows them to tailor services to the unique needs and challenges of cross-border payments in African countries, often providing more competitive rates and faster transfers compared to traditional banks that may have a broader, less focused global reach. Uphold.com Review

However, while the regional focus is evident, the website doesn’t provide an exhaustive list of all the specific countries within Africa where Eversend is fully operational for all its services sending, receiving, virtual cards. This lack of detail can be frustrating for potential users who need to confirm if their specific country of origin or destination is fully supported. Furthermore, it’s unclear if Eversend intends to expand significantly beyond Africa or if there are any restrictions or different service offerings for users attempting to send money into Africa from non-African countries versus within Africa itself. A comprehensive list of supported “eversend countries” would greatly enhance clarity and user experience.

Operational Footprint in Africa

Eversend’s primary operational focus is clearly on the African continent.

• Key Markets Highlighted: Testimonials explicitly mention Nigeria and Ghana, indicating strong presence in West Africa.
• Regional Specialization: The platform seems designed to address the specific pain points of intra-African and Africa-to-rest-of-world remittances, such as high costs and slow speeds of traditional banking.
• Currency Support: While they claim to be “constantly adding new currencies,” a precise list of currently supported African currencies for holding and exchange is not immediately available.
• Local Partnerships: Success in these regions often depends on strong local partnerships for cash pickup or mobile money integrations, but details about these are absent.
• Market Share Claims: The assertion of being “one of the biggest currency exchange platforms in Africa by volume” suggests significant market penetration, though verifiable data to support this claim is not provided.

Limitations and Exclusions for Specific Countries

Not all countries, even within their focus region, may be fully supported.

• Vague Country List: The website lacks a comprehensive list of all supported “eversend countries,” leaving users to discover this potentially only within the app.
• Service Variations by Country: It’s common for services to offer different functionalities e.g., only sending, no receiving, or no virtual cards based on local regulations and infrastructure, but this is not clarified.
• KYC Requirements by Country: The specific KYC requirements might vary significantly from one country to another, impacting user onboarding experience depending on their location.
• Expansion Plans: While they may aim to expand, concrete information on new countries being added or a roadmap for international reach beyond Africa is not available.

Cross-Border Transaction Capabilities

The core value proposition revolves around simplifying international money movement.

• Sending Money Abroad: The platform explicitly highlights its ability to “send money abroad” cheaply and quickly.
• Receiving Money: Users can also receive money from friends and family, implying both inbound and outbound cross-border capabilities.
• Currency Exchange: Seamless exchange between multiple currencies is a key feature, which is crucial for international transactions.
• Virtual Card Usage: Virtual USD cards are promoted for online payments, effectively enabling international spending without high local bank fees.
• Payment Rails: The underlying payment rails e.g., SWIFT, local bank transfers, mobile money networks used for these transactions are not specified, which could impact speed and reliability.

Impact of Local Regulations on Service Delivery

Regulatory environments dictate what services can be offered and how. Pie.org Review

• Varying Compliance: Each country has its own financial regulations, which Eversend must comply with, potentially leading to variations in service availability or features.
• Licensing Requirements: Obtaining and maintaining licenses in multiple jurisdictions can be a complex and costly process, influencing their operational footprint.
• Data Protection Laws: Different countries have varying data privacy laws, impacting how Eversend handles and stores user data across borders.
• Anti-Fraud Measures: Local regulations often impose specific anti-fraud and security measures that impact how transactions are processed and monitored.
• Consumer Protection Laws: The level of consumer protection and recourse for users can differ significantly based on the local regulatory framework of each “eversend country.”

Comparison with Traditional Banking in Africa

Eversend aims to disrupt the traditional banking model in Africa.

• Cost Efficiency: Eversend positions itself as significantly cheaper, claiming “10X cheaper” than banks for cross-border transfers.
• Speed of Transfers: They emphasize faster transfer times, addressing a common pain point with traditional bank wires.
• Accessibility: By being app-based and potentially integrating with mobile money, Eversend may offer greater accessibility to underserved populations compared to brick-and-mortar banks.
• User Experience: A digital-first approach often leads to a more streamlined and user-friendly experience than traditional banking interfaces.
• Virtual Card Innovation: The offering of virtual USD cards directly tackles issues of high foreign exchange fees charged by African banks on international online payments, offering a practical solution for users.

Eversend.co Pros & Cons: A Balanced Perspective

When evaluating a service like Eversend.co, it’s crucial to weigh its stated benefits against its apparent shortcomings.

On the “pros” side, Eversend promises significant advantages, particularly for users in Africa.

The commitment to “low transaction fees” and being “10X cheaper and faster than your bank” is a compelling value proposition, addressing long-standing issues in cross-border payments.

The convenience of a “multi-currency app” that allows holding and exchanging multiple currencies, along with the utility of “virtual USD cards” for online payments, offers practical solutions for modern financial needs. Comfrt.com Review

The testimonials from real users underscore a positive user experience, particularly concerning ease of use and speed of remittances.

The in-app customer service is also highlighted as a pro, implying quick resolution of issues.

The absence of clear regulatory licenses, detailed corporate information, and a comprehensive breakdown of fees on the homepage are significant red flags for any financial service.

This opacity makes it difficult for users to assess the true cost, security, and legitimacy of the platform.

From an Islamic ethical perspective, the lack of clarity on “working capital” and potential implicit interest in exchange rates is a major concern. Loxleycolour.com Review

The sole reliance on in-app information for crucial details forces users to commit to downloading and KYC before understanding the full terms, which is not ideal.

Advantages of Using Eversend.co Based on Claims

Focusing on the positive aspects Eversend highlights about itself.

• Cost Savings: Claims of “low transaction fees” and being “10X cheaper” than banks are highly attractive, especially for frequent international transfers.
• Speed of Transfers: The promise of faster cross-border payments addresses a significant pain point for individuals and businesses dealing with international remittances.
• Multi-Currency Convenience: The ability to hold and exchange multiple currencies within one app simplifies financial management for individuals and businesses operating internationally.
• Virtual USD Cards: This feature directly addresses the issue of high foreign exchange fees imposed by traditional banks on online payments, offering a cost-effective alternative.
• User Testimonials: The presence of positive testimonials from active Twitter users provides social proof and suggests a positive user experience, highlighting ease of use and reliability.

Disadvantages and Concerns with Eversend.co Based on Website Review

Addressing the critical areas where Eversend.co falls short in transparency and information.

• Lack of Regulatory Transparency: No clear display of financial licenses, regulatory bodies, or compliance frameworks on the homepage, which is crucial for trust in financial services.
• Vague Fee Structure: While “low fees” are claimed, specific transaction costs, exchange rate markups, or any potential hidden charges are not detailed on the website.
• Obscured Corporate Identity: The use of a privacy service for WHOIS data and the absence of a physical address or detailed corporate information raise questions about transparency.
• Limited Public Customer Support: The primary support channel mentioned is in-app chat, with no public email or phone number for general inquiries before signup.
• Missing Comprehensive Legal Information: No easily accessible and clearly linked terms of service, privacy policy, or dispute resolution process on the main website.

Ethical Considerations in Financial Services

Examining the service through the lens of Islamic financial ethics.

• Avoidance of Riba Interest: The primary concern is whether any aspect of Eversend’s operation involves interest, either explicitly e.g., in “working capital” loans or implicitly e.g., through hidden interest-bearing accounts or unfavorable exchange rate practices.
• Gharar Uncertainty: Transparency regarding fees, exchange rates, and terms of service is essential to avoid excessive uncertainty, which is prohibited in Islamic finance.
• Maysir Gambling: The service itself money transfer, currency exchange is not gambling, but ensuring its use is for permissible transactions is crucial.
• Halal Transactions Only: Users should ensure that the funds transferred or used via virtual cards are for legitimate, permissible goods and services, and not for prohibited activities.
• Ethical “Working Capital”: If Eversend offers “working capital” to businesses, it must be verified that these are based on Islamic financing principles e.g., Murabaha, Musharakah, Mudarabah and not conventional interest-based loans.

User Experience and Accessibility

How easy and convenient is the service for its target users? Tradewiththepros.com Review

• App-Centric Model: The entire service revolves around the mobile app, which can be convenient for smartphone users but may exclude those without consistent access or familiarity with app-based financial tools.
• KYC Process: The need to “Complete KYC verifications within the app” is standard, but the ease and speed of this process can significantly impact user onboarding.
• Ease of Use Claims: Testimonials suggest the app is easy to use for cross-border transactions, indicating a positive interface design.
• Availability on Major App Stores: Being available on App Store and Play Store ensures broad accessibility for both Android and iOS users.
• Digital-First Approach: This approach caters to a generation comfortable with managing finances digitally, potentially offering a smoother experience than traditional methods.

Future Outlook and Recommendations

What steps could Eversend take to improve its trustworthiness?

• Publish Regulatory Licenses: Clearly display all relevant financial licenses and regulatory oversight bodies on the website.
• Detailed Fee Schedules: Provide a transparent, easy-to-understand breakdown of all fees and exchange rate mechanisms on the website.
• Enhance Corporate Transparency: Publicly disclose the legal name of the operating entity, its registered address, and key leadership.
• Expand Public Customer Support: Offer alternative contact methods like a general email address or a dedicated support phone line.
• Comprehensive Legal Documentation: Ensure Terms of Service, Privacy Policy, and other legal documents are prominently linked and easily accessible from the homepage.
• Clarify “Working Capital”: Provide detailed explanations for business services like “working capital” to ensure they align with ethical financial principles, especially for the Muslim community.

Is Eversend.co a Scam? Unpacking the Deeper Questions

The question of whether Eversend.co is a scam is complex, and based purely on the information available on their homepage and public records, it’s not possible to definitively label it as such.

The domain records show it’s been active since 2015, with regular updates, indicating a long-standing operation.

The presence of mobile apps on both major app stores, coupled with seemingly genuine user testimonials referencing specific Twitter handles, suggests that a functional service with a real user base exists.

Furthermore, Eversend’s claimed focus on addressing a genuine market need in Africa – affordable and fast cross-border payments – points towards a legitimate business model. Vipcars.com Review

However, the significant lack of transparency, particularly concerning regulatory compliance, detailed fee structures, and the concrete corporate identity, prevents a full endorsement of its legitimacy.

A truly legitimate financial service, especially one handling large volumes of transactions and user funds, is expected to be upfront about its licensing, its legal entity, and all associated costs.

The opacity around “working capital” also raises ethical questions about potential interest-based dealings, which are impermissible in Islamic finance.

While it might not be a direct scam in the sense of stealing money outright, the absence of crucial information makes it challenging for users to perform adequate due diligence and exposes them to potential risks or hidden costs.

Indicators of Potential Legitimacy

Examining aspects that suggest a real, operating service. Laksarconsultancy.com Review

• Operational Longevity: The domain creation date of 2015 suggests a service that has been active for nearly a decade, which is longer than many fly-by-night operations.
• App Store Presence: Availability on official App Store and Google Play Store implies a degree of vetting by these platforms, though their checks are primarily for functionality and basic compliance, not deep financial regulatory adherence.
• User Testimonials: Real Twitter handles in testimonials lend credibility to the claims of a user base and positive experiences, suggesting that people are indeed using the service successfully.
• Clear Value Proposition: The service addresses a genuine market need for cheaper and faster money transfers, particularly in Africa, which is a basis for a legitimate business.
• Website Design and Content: The professional appearance of the website and structured content indicate a serious attempt at a legitimate business, rather than a hastily put-together scam site.

Missing Information as a Red Flag

Highlighting what raises concerns about full trustworthiness.

• Regulatory Void: The biggest red flag remains the complete absence of clear financial regulatory licenses. Any legitimate financial institution must be regulated.
• Corporate Anonymity: Obscuring the actual company name, registration details, and physical address through privacy services or simply omitting them on the website is highly suspicious for a financial service.
• Undisclosed Fee Details: While “low fees” are advertised, the lack of specific numbers or a comprehensive fee schedule creates an environment where hidden costs could exist.
• Absence of Legal Disclosures: Crucial documents like comprehensive Terms of Service and a Privacy Policy, which legally bind the service and protect users, are not readily available.
• Limited Public Contact: Relying solely on in-app chat for customer service, without a public email or phone number, makes it difficult to get support or information before committing to the app.

How to Verify a Financial Service’s Legitimacy

Steps users can take to ascertain trustworthiness.

• Check Regulatory Registers: Search the financial regulatory databases of the countries where the service claims to operate e.g., Central Banks, Financial Conduct Authorities, FinCEN.
• Look for Physical Address and Registration: A legitimate company will typically have a registered physical address and easily verifiable company registration details.
• Read Independent Reviews: Look for reviews on reputable third-party consumer review sites e.g., Trustpilot, though exercise caution as some reviews can be manipulated.
• Verify Licenses if found: If licenses are provided, verify them directly with the issuing regulatory body.
• Scrutinize Terms and Conditions: Before signing up, thoroughly read the Terms of Service and Privacy Policy for any clauses that seem unfair or disadvantageous.

Risks Associated with Unregulated Platforms

Understanding the dangers of dealing with services lacking oversight.

• No Consumer Protection: In the absence of regulation, there’s no governmental body to protect your funds if the company fails or engages in misconduct.
• Lack of Recourse: If a dispute arises or funds go missing, your avenues for seeking redress or compensation may be severely limited or non-existent.
• Data Security Risks: Unregulated platforms might not adhere to stringent data protection standards, potentially exposing your personal and financial information.
• Vulnerability to Fraud: Without proper oversight and compliance with AML/KYC, such platforms can be more susceptible to being used for fraudulent activities, indirectly impacting users.
• Sudden Closure: An unregulated entity could potentially cease operations without warning, leaving users with frozen or lost funds and no clear path to recovery.

The Ethical Imperative for Transparency in Finance

From an Islamic perspective, transparency is a core principle in financial dealings.

• Avoiding Gharar Excessive Uncertainty: Islamic finance emphasizes clarity and transparency to eliminate uncertainty in contracts and transactions, which directly applies to fees, rates, and terms.
• Prohibition of Riba Interest: Every financial service must be scrutinized to ensure no direct or indirect interest is involved, and transparency helps verify this.
• Fairness and Justice Adl: Transparent dealings promote fairness between parties, ensuring no one is exploited through hidden charges or obscure terms.
• Accountability: Companies are accountable to Allah and their users. Transparency is a means of demonstrating this accountability.
• Trust Building: In Islamic commerce, trust Amanah is fundamental. Transparency is the cornerstone of building and maintaining that trust in financial interactions.

How to Cancel Eversend.co Subscription / Account: Navigating the Exit Strategy

When a service doesn’t provide clear information on how to subscribe or the nature of its “subscription,” it naturally complicates the process of understanding how to cancel it. clickfunnels.com vs. Leadpages

Eversend.co’s homepage doesn’t mention any subscription plans or recurring fees for its core services money transfer, currency exchange, virtual cards. This suggests that users likely pay per transaction or per currency exchange, rather than a monthly or annual subscription fee.

Therefore, the concept of “canceling a subscription” might not directly apply in the traditional sense.

However, users might still wish to “cancel” their relationship with Eversend, which would typically involve closing their account and withdrawing any remaining funds.

The homepage makes no mention of an account closure process.

For any digital financial service, a clear, straightforward process for account deactivation, data deletion, and fund withdrawal is essential. How to Cancel clickfunnels.com Free Trial

The absence of this information on the public website is a significant oversight.

Users should ideally be able to find clear instructions on how to manage their account status, including permanent closure, without having to delve deep into the app or contact customer service directly just to find basic operational information.

This lack of transparency around an “exit strategy” is another element that makes a full trust assessment challenging.

Understanding Eversend.co’s Fee Model Absence of Subscription

Clarifying the likely payment structure.

• Transaction-Based Fees: Based on the homepage text, Eversend appears to operate on a transaction-based fee model, where users pay for each money transfer or currency exchange.
• Virtual Card Fees: There might be fees associated with issuing or maintaining virtual USD cards, though these are not specified.
• No Mention of Recurring Subscriptions: The homepage does not refer to any monthly or annual subscription plans, premium tiers, or “free trials” that would require cancellation.
• Exchange Rate Markup: It is highly probable that Eversend generates revenue through a small markup on the interbank exchange rate, which is a common practice for currency exchange services.
• Potential for Inactivity Fees: While not mentioned, some digital wallets might charge inactivity fees after a prolonged period, which users should be aware of.

Account Closure Process Inferred, Not Stated

What users would typically expect for closing a digital financial account.

• In-App Feature: Most app-centric financial services allow users to initiate account closure directly within the application settings.
• Customer Service Request: If an in-app option is not available, users would typically need to contact customer support in this case, via in-app chat to request account termination.
• Fund Withdrawal: A crucial part of account closure is the ability to withdraw any remaining balance from the multi-currency wallet to an external bank account.
• Data Deletion Request: Users should have the right to request the deletion of their personal data upon account closure, in accordance with privacy laws.
• Identity Verification for Closure: For security reasons, the platform would likely require identity verification to confirm the user’s legitimacy before closing an account.

Why Transparency in Account Management is Crucial

The importance of clear “how-to” information for users.

• User Autonomy: Users should have clear pathways to manage their account status, including closure, without hurdles.
• Preventing Dormant Accounts: Clear closure instructions can help users avoid issues with dormant accounts, potential inactivity fees, or security risks associated with unused active accounts.
• Data Privacy: A transparent closure process should include information on how user data is handled post-closure, aligning with privacy regulations.
• Trust and Reliability: A service that makes it easy to leave when desired builds more trust than one that obscures the exit process.
• Compliance with Consumer Rights: Many jurisdictions have consumer rights laws that mandate clear and accessible methods for terminating service agreements.

Implications of Missing “Cancellation” Information

The impact of this informational gap on user experience and trust.

• User Frustration: Users may become frustrated if they cannot easily find instructions on how to close their account or stop using the service.
• Lingering Concerns: Uncertainty about account status or data retention can lead to lingering privacy and security concerns for former users.
• Negative Perceptions: The lack of clear exit strategies can contribute to a perception of the service being less user-friendly or even trying to “trap” users.
• Compliance Gaps: From a regulatory perspective, a failure to provide clear account closure procedures might be seen as a compliance gap, particularly concerning consumer protection.
• Risk of Inactivity Fees: Without explicit knowledge of how to close, users might leave small balances that could be subject to inactivity fees later on.

Best Practices for Account Deactivation in Digital Services

What leading digital financial platforms typically offer.

• Dedicated “Close Account” Feature: A clear and intuitive option within the app or web portal settings.
• Step-by-Step Guide: A readily available FAQ or help article outlining the entire account closure process.
• Customer Support Assistance: Clear guidance on how to contact support for assistance with account closure, if needed.
• Confirmation of Closure: Users should receive an email or in-app notification confirming their account has been successfully closed.
• Data Handling Disclosure: Explicit information on how user data will be handled, retained, or deleted after account closure, in compliance with privacy laws.

Eversend.co Pricing: What You Might Pay and What’s Hidden

The Eversend.co homepage champions “low transaction fees” and claims to “drive the cost of payments to zero,” stating they are “10X cheaper and faster than your bank.” This is a powerful marketing message, especially given the typically high costs associated with international money transfers and currency exchange in many parts of Africa.

They highlight savings of “up to 13%” when using their virtual USD cards for online payments compared to local currency bank cards.

However, the critical missing piece is the actual pricing.

There are no detailed tables, calculators, or specific percentages listed for transfers, exchanges, or virtual card usage on the homepage.

This forces potential users to download the app and complete KYC before they can see the true cost of using the service.

While many digital platforms encourage app downloads for full feature access, transparency in pricing is fundamental for any financial service.

Without this upfront information, users cannot accurately compare Eversend.co with competitors or precisely budget for their transactions.

The “cost of payments to zero” is an aspirational statement, not a current reality, and users need to understand the actual fees and exchange rate markups they will encounter.

This lack of transparency around “eversend.co pricing” is a significant concern from a user’s perspective.

Analyzing the “Low Transaction Fees” Claim

Deconstructing the promise of cost-effectiveness.

• Comparative Advantage: The claim of being “10X cheaper” positions Eversend as a highly competitive option against traditional banks, which often have high SWIFT fees and unfavorable exchange rates.
• Implicit vs. Explicit Fees: It’s common for fintechs to have no “transfer fee” but embed their profit margin within the exchange rate spread. Users need clarity on both.
• Target Audience Benefit: For users in regions with high remittance costs, even small savings on each transaction can add up significantly over time.
• Volume-Based Savings: For businesses, the promise of reduced costs on multi-currency business payments can be a strong incentive, provided the actual rates are favorable.
• “Cost of Payments to Zero” as a Goal: This statement is clearly a long-term aspiration, not a current pricing model, and should be understood as such by users.

The Problem of Undisclosed Exchange Rates

Why transparency in currency conversion is paramount.

• Lack of Real-Time Rates: The website doesn’t offer a real-time exchange rate calculator or display the current mid-market rate vs. their offered rate, which would demonstrate transparency.
• Spread as a Hidden Fee: The difference between the rate Eversend gets from the market and the rate they give to the customer the spread is a primary way they make money. This spread is effectively a fee.
• Impact on Large Transfers: Even a small percentage spread can amount to significant costs on large currency exchanges or transfers.
• Comparison Difficulty: Without knowing the specific exchange rates, users cannot accurately compare Eversend with other money transfer services or banks.
• Ethical Implications Riba: In Islamic finance, while exchange of currencies Sarf is permissible, any hidden interest or excessive, non-transparent charges applied through exchange rates can become problematic if they obscure the true value exchange.

Virtual Card Fee Structure

Details regarding the cost of using their virtual USD cards.

• Issuance Fees: It’s unclear if there’s a one-time fee to create a virtual USD card.
• Maintenance/Annual Fees: The website does not specify if there are any recurring fees for maintaining the virtual card.
• Transaction Fees: While the benefit is saving on foreign exchange, there might be small per-transaction fees or a foreign transaction fee for spending.
• Load/Unload Fees: Fees associated with loading funds onto the virtual card or moving them back to the main wallet are not specified.
• Currency Conversion for Spending: While the card is USD, if the underlying purchase is in another currency, the exchange rate applied for that conversion by the card issuer Eversend is crucial and currently undisclosed.

How Pricing Transparency Builds Trust

The positive impact of clear and upfront pricing.

• Empowering Users: Transparent pricing allows users to make informed financial decisions and choose the best service for their needs.
• Avoiding Surprises: Clear fee structures prevent negative surprises and build long-term customer loyalty.
• Demonstrating Integrity: A company that is upfront about its costs demonstrates integrity and a commitment to fair dealings.
• Competitive Advantage: Transparent pricing can itself be a competitive differentiator in a crowded market, attracting users who value clarity.
• Regulatory Compliance: Many financial regulations mandate clear and conspicuous disclosure of all fees and charges.

Recommendations for Eversend.co Pricing Disclosure

Steps Eversend could take to enhance transparency.

• Dedicated Pricing Page: Create a clear, easily navigable pricing page on the website detailing all potential fees transfer fees, exchange rate spreads, virtual card fees, inactivity fees, etc..
• Interactive Fee Calculator: Implement a tool on the homepage that allows users to input amounts and currencies to see the exact costs and exchange rates in real-time.
• Comparative Charts: Provide transparent comparisons with traditional banks or other major competitors, substantiating the “10X cheaper” claim with data.
• Examples of Transactions: Illustrate typical transaction scenarios with exact costs for different amounts and currency pairs.
• Clear Disclaimers: Explicitly state any factors that might influence pricing, such as network fees, regulatory charges, or promotional rates.

Eversend.co vs. Competitors: A Comparative Look

When Eversend.co claims to be “10X cheaper and faster than your bank” and “one of the biggest currency exchange platforms in Africa by volume,” it immediately invites comparison with established players in the international money transfer and fintech space.

The core offering of multi-currency wallets, low-cost transfers, and virtual debit cards places it in direct competition with global fintech giants like Wise formerly TransferWise, Revolut, and even traditional remittance services like Remitly or Xoom.

The key differentiator Eversend emphasizes is its focus on the African market, suggesting a tailored approach and optimized infrastructure for intra-African payments and remittances to and from the continent.

While global players offer broad international coverage, Eversend aims for depth within its chosen region.

However, a comprehensive comparison remains challenging due to Eversend’s lack of transparent pricing and regulatory details on its public website.

Competitors like Wise, for example, are renowned for their upfront fee disclosure and transparent mid-market exchange rates.

Without this level of transparency, Eversend’s claims of being “cheaper” are difficult to verify independently.

From an ethical standpoint, the comparison also extends to business practices – how do competitors handle Riba interest, and what are their specific regulatory frameworks? This deeper look is crucial for users making informed choices.

Key Differentiators of Eversend.co

What sets Eversend apart, according to its own narrative.

• African Market Focus: Its primary strength and stated expertise lie in simplifying cross-border payments within and to/from Africa, addressing specific regional challenges.
• Mobile-First Approach: Heavy reliance on a user-friendly mobile app for all transactions and KYC, catering to a mobile-native user base.
• Virtual USD Cards for Africa: A specific solution to combat high foreign exchange fees charged by local banks in Africa for online international payments.
• Aspiration for Zero Cost: The stated goal to “drive the cost of payments to zero” indicates a strong commitment to cost reduction for users, even if it’s a long-term vision.
• “Financial Super App” Ambition: Aims to be an all-encompassing financial tool beyond just transfers, including currency exchange and possibly business services.

How Global Fintechs Like Wise TransferWise Compare

Examining the benchmarks set by leading international money transfer services.

• Transparent Pricing: Wise is famous for its upfront, clear fee structure and use of the mid-market exchange rate, making costs highly predictable.
• Regulatory Compliance: Wise is heavily regulated in multiple major jurisdictions globally e.g., FCA in UK, FinCEN in US, providing a high degree of trust and consumer protection.
• Broad Global Reach: Offers transfers to a vast number of countries and supports a wider range of currencies than Eversend currently highlights.
• Multi-Currency Accounts with Local Bank Details: Provides users with local bank details in several countries, enabling them to receive payments like a local.
• Physical Debit Cards: Offers physical debit cards for spending worldwide, in addition to virtual ones.

How Revolut Compares

Assessing another major digital banking competitor.

• Diverse Financial Services: Revolut offers a broader suite of services beyond transfers, including budgeting, analytics, crypto avoid for ethical reasons, stock trading avoid for ethical reasons, and travel insurance.
• Subscription Tiers: Operates on a freemium model with various paid subscription tiers offering enhanced features and higher limits.
• Global Presence and Licensing: Increasingly obtaining banking licenses in various regions, strengthening its regulatory standing and deposit protection.
• User Experience Focus: Known for its slick app interface and innovative features, appealing to a tech-savvy user base.
• Metal Cards and Perks: Offers premium physical cards with cashback and other lifestyle benefits for higher-tier subscribers.

Comparison with Traditional Remittance Services

Looking at services like Remitly and Xoom.

• Focus on Remittances: These services are primarily designed for sending money from one country to another, often with cash pickup options.
• Less Focus on Multi-Currency Wallets: They typically do not offer multi-currency holding accounts or virtual cards in the same way Eversend or Wise do.
• Fixed Fees vs. Exchange Rate Margins: Some may have fixed fees per transfer, while others use exchange rate markups similar to Eversend.
• Established Networks: Often have vast networks of cash pickup agents, which can be crucial for recipients in regions with limited banking infrastructure.
• Simplicity and Speed: Designed for quick, straightforward person-to-person international money transfers.

Ethical Comparison and User Choice

Guiding users on making responsible choices.

• Riba Avoidance: For Muslim users, the key ethical differentiator is whether the service avoids Riba interest in all its operations, including implicit interest in exchange rates or “working capital” provisions.
• Transparency as an Ethical Imperative: Services that are fully transparent about their fees, rates, and corporate structure are inherently more ethically sound as they reduce uncertainty gharar.
• Usage for Halal Purposes: Regardless of the platform, users must ensure the money is sent or spent on permissible goods and services.
• Regulatory Scrutiny: Opting for services with robust regulatory oversight provides an added layer of ethical assurance through external accountability.
• Long-Term Trust: Choosing a service that aligns with both financial needs and ethical principles fosters long-term trust and peace of mind.

Eversend.co FAQ

What is Eversend.co?

Eversend.co is presented as a multi-currency mobile application designed for various financial needs, including currency exchange, sending and receiving money, and issuing virtual USD cards, primarily focusing on the African market.

Is Eversend.co a legitimate company?

Eversend.co appears to be an operational service with a user base, with its domain active since 2015 and apps on major app stores.

However, the lack of transparent regulatory licenses, detailed corporate information, and specific fee structures on its homepage raises significant questions about its full legitimacy and transparency.

What countries does Eversend.co operate in?

Eversend.co primarily focuses on the African market, with testimonials mentioning Nigeria and Ghana.

However, a comprehensive list of all specific countries where its services are fully operational is not clearly provided on their website.

How does Eversend.co claim to be cheaper than banks?

Eversend.co claims to be “10X cheaper and faster than your bank” for cross-border transfers and offers virtual USD cards to save up to 13% on hidden foreign exchange fees compared to local bank cards.

Specific fee details are not disclosed on the homepage.

Does Eversend.co offer virtual cards?

Yes, Eversend.co promotes the availability of virtual USD cards to help users save on foreign exchange fees when making online payments.

How do I contact Eversend.co customer service?

The homepage states that users can “Chat with the customer service team using our in-app messaging platform.” No direct public email address or phone number is provided on the website for general inquiries.

What security measures does Eversend.co use?

Eversend.co states it uses “Secure servers and privacy verified by physical security,” and mentions that users need to “Complete KYC verifications within the app.” Detailed information on specific security protocols e.g., encryption standards is not readily available on the homepage.

How many customers does Eversend.co have?

Eversend.co claims to be “Trusted globally by 1,000,000+ happy customers.”

Can I exchange multiple currencies with Eversend.co?

Yes, Eversend.co offers “Multi currency wallets” that allow users to hold and exchange multiple currencies at what they claim are “fair and transparent exchange rates.”

What is the creation date of the eversend.co domain?

The eversend.co domain was created on 2015-03-25T10:07:47Z, indicating it has been active for nearly a decade.

What is Eversend.co’s policy on “working capital” for businesses?

Eversend.co mentions offering “working capital” for business owners to fuel global growth, but no details regarding the terms, conditions, or financial model e.g., whether it is interest-based are provided on the homepage.

Does Eversend.co have a physical address listed on its website?

No, the eversend.co homepage does not prominently display a physical business address or detailed corporate information.

Where can I download the Eversend app?

The Eversend app is available for download on both the Apple App Store and Google Play Store.

How do I get started with Eversend.co?

The website outlines three steps: download the Eversend mobile app, complete KYC verifications within the app, and start transacting sending and receiving money.

Does Eversend.co have a transparent pricing page?

No, the eversend.co homepage advertises “low transaction fees” but does not provide a dedicated, transparent pricing page with specific fee schedules or real-time exchange rates.

What are the main features of the Eversend app?

The main features highlighted are multi-currency e-wallet for exchange, spending, and sending money, cheap and fast money transfers abroad, currency exchange at best rates, and virtual debit cards.

Is Eversend.co regulated?

The eversend.co homepage does not provide clear information or direct links to its regulatory licenses or the financial authorities that oversee its operations.

Can I send money to Nigeria with Eversend.co?

Yes, based on user testimonials on their homepage, users have successfully made cross-border transactions to Nigeria using Eversend.co.

Is Eversend.co good for business owners?

Eversend.co states it offers “Multi-currency business payments to fuel your global growth,” including collections, payouts, currency exchange, and working capital, suggesting it caters to business needs.

How can I verify the exchange rate on Eversend.co?

The website does not provide an exchange rate calculator or real-time rates on its homepage.

Users would likely need to check the exchange rates within the Eversend app after signing up.