There are around 450,000 people of Colombian descent who were born in the U.S. and live there, and another 700,000 Colombians who were born in Colombia or elsewhere and now call the U.S. home. People of Colombian or U.S. descent have many reasons to send money to this beautiful country:
- Colombians working in the U.S. may want to repatriate their salary south of the border.
- Colombians send money to family and friends to help support them.
- U.S. or Colombian businesses involved in importing or exporting goods or services.
- People vacationing in Colombia.
U.S. residents send around $1.8 billion USD to Colombia every year. But it is said that on the total amount that the United States sends to Colombia each year, these charges could mean up to $90 million USD in unnecessary fees, which is because traditional banks, PayPal and some currency exchange businesses do charge unnecessarily high fees.
So, is there a cheap way to send money to Colombia?
Yes, there is.
Epay charges $10 per transaction if the amount is below $5000. and if it is $5000 above, it charges 1%. This price is much cheaper than other remittance providers in the market. At the same time, Epay ensures that the payment can be received within a day.
Do you know why Epay has the ability to make the transfer fee down?
Because Epay has multiple local bank partners in both sending and receiving countries. Local bank transfers avoid intermediary banks, so you don’t have to bear a large number of unnecessary fees. And because Epay is an online payment company, it saves the offline operation cost.
Sending money with Epay is very easy, as long as you have a smartphone or computer. First, you need to download Epay Wallet APP or access to Epay official website. and take 1–2 minutes to register an Epay account. For security and compliance requirements, you need to upload ID information and proof of address to verify your Epay account.
After getting verified, you can start to send US dollars to Colombia. If your bank in America provides online banking services, you can complete all operations online without leaving your house.