The Economics of Money Transfers: Analyzing Fees and Costs

The Profee service is a platform that was created to send money from EU countries. Note that the fees here are several times lower when sending money than in the bank. Let’s take a closer look at what it is and how to use money transfer to Pakistan.

1. What is the most profitable way to send money to Pakistan at the moment?

When looking for the best way to transfer money to Pakistan, it is recommended to use the Profee platform. This is a great opportunity to conduct a detailed comparison of transfer conditions in different companies and choose the best solution.

2. What is Profee?

Profee is an international money transfer service. The platform offers money transfers from European countries to any card.

The company was registered in 2017 in the Republic of Cyprus and received a license for financial activities in accordance with the standards and requirements of the European Union (EU).

In six years, the service has gained a reputation as a reliable partner with high quality cross-border transfers. This is confirmed by the rating – 4.7 points with 1400+ reviews.

3. Pros of Profee Transfers

The advantages of using Profee for translations are quite obvious:

• Reasonable fees compared to other services and banks.
• The interface of the service is intuitive both on the web page and in the application on the smartphone.
• Funds are received by the recipient’s details in just 2-3 minutes, which is much faster than most similar services or banks.
• Cards that support multiple foreign currencies are available to residents of the European Union.

These are just some of the advantages of all the existing ones.

4. How do I send a transfer through Profee?

First, you need to create an account by specifying your phone number and email. Then you need to open the transfer form, select the country of receipt and sending of money, and specify the amount. As a result, you will find out how much money will reach the recipient.

Next, you will need to enter the details of the recipient, such as card number, full name. And finally, confirm the operation with the code that will be sent to the phone.

All transfers are secured, and a confirmation of the transaction will be sent by email. The money usually arrives on the recipient’s card in a few minutes, which is one of the best indicators among such resources.

5. Profee Transfer Limit

This year, the service offers an open-ended promotion, in which you do not have to pay a commission for the first sending of money, regardless of the amount and country of the sender. 

In case of difficulties, you can always contact support representatives who work with specialists who speak Russian. It is for this reason that there will be no language barrier. Contact details of specialists can be found on the website.

If you managed to pass verification, you will be assigned the “Plus” status, and the transfer limit increases. To increase the limit, users must also confirm their sources of income by submitting certificates of payment!