Banking and Payment

Eversend: foreign exchange market app

eversend-foreign exchange market place

Eversend – Exchange and send money across borders app

Eversend is a mobile-only bank that can be use to send money across borders with maximum safety and convenience. Whether you’re outside Africa or within Africa, send money to your loved ones in Nigeria, Eswatini, Uganda, Ghana, Kenya, Rwanda, Tanzania, United state of America and pay bills using Eversend. Unlike banks, no hidden fees, inconvenient operating hours and inflexible support. Instead, timely money transfers to mobile money, bank accounts & free transfers between Eversend accounts; anytime, from anywhere in the world, with 24/7 support is offered.
 
Eversend can also be called a multi-currency E-wallet, you’ll be given three(3) active wallet after you sign up and the other wallets will remain inactive. When I created my eversend account, I was given Nigerian Naira (NGN) wallet, Kenyan Shillings (KES) wallet and United State (USD) Dollar wallet.
 
Hence, you can activate any of the wallet when you want receive fund in the currency. Moreso, you can deactivate the wallet.

Eversend reviews

Legal name:

Eversend SAS

Founded on:

August 22, 2017

Founder/CEO:

Emma Sanchez, Andrade Smith, Stone Atwine

Headquarters location:

Paris, Ile-de-France, France.
Station F,
5 Parvis Alan Turing,
75013 Paris,
France

Staff:

1-10

Contact email:

phone number:

+0782823362

Company website:

Features of Eversend 

  1. Multi-currency e-wallet that allows you to exchange, send and spend money seamlessly
  2. Insurance
  3. Get virtual debit card and spend online
  4. Pay bills
  5. Send money to mobile money and bank accounts globally
  6. Bank without the internet

How to create Eversend account

To create eversend is very simple and easy. All you have to do is download the app from Google playstore or Apple app store(IOS). After the download successful, follow the below steps.
  • Open the app and create an account
  • Input all the required information
  • Login to your eversend dashboard
  • Complete your profile (add your national identity card)
  • Add money to your desire wallet

How to receive/send money to eversend wallet

You can only receive money to eversend wallet ony from another eversend user. That’s eversend to eversend transfer. So, when you want to receive money from abroad, tell your recipient to get an eversend account. To do that, follow the below steps…
  • Go-to send tab
  • Select a beneficiary from the eversend account holder list.
  • Choose amount to send
  • Click continue to complete the transfer

Eversend Virtual US dollar card

Now, eversend has given solution to dollar payment problem in Africa. In the past years, many company do not accept African merchant paying them with local bank MarsterCard or Visa cards in their local currency. Hence, Eversend have come with a new features to allow people to create a virtual US dollar card for seamless online payment.
The virtual card can last for at least 3 years before it expires.
Note: you can only use dollar wallet to create virtual dollar card and the wallet must be funded before the card can be created. That lead us to the next topic.

How to exchange money to US dollars on Eversend

  • Login to your eversend dashboard
  • Click on menu on the top-left corner of your dashboard
  • Activate USD wallet if it not part of your activated wallets
  • Go-back to your homepage and select exchange on the wallet whose currency you would like to exchange.
  • Enter the amount you’ll like to exchange and click ”exchange” to complete the transfer.
So, after adding money to your USD wallet, you can then create a virtual card.

How to create eversend virtual visa card

  • Login to your dashboard
  • Click on ”card” tab at the bottom of the app
  • Click on ”Create New Card”
  • Enter the amount you would like be in the card
  • Enter your pin to complete the transaction

Features of eversend virtual dollar card

After  card creation, tracking of transactions made on the card will begins, moreso, you can freeze the card and also remove the card.
Eversend virtual cards cost $1 to create and have $1 monthly fee. Money on US dollar cards can be maintained as a balance or withdrawn back to your eversend wallet.

Eversend exchange rate and fees

The exchange rate and fees is determined by some factors. Although, sending money and sending airtime is free of charge, while the fees for international transfers vary based on countries you’re sending to and your payment method.
Eversend charges 1.5% – 3.5% on the foreign exchange rate,

Faqs

How to receive money if my recipient is not an eversend user?

You can tell them to send money to your mobile money account such as:
  • Airtel money
  • Equitel
  • M-Pesa
  • Mobile money
  • Non-Monetary Remittance
  • Send by debit/credit card
  • Mobile top-up
  • MTN mobile money
And later transfer the money to your eversend wallet by yourself.

Which countries does eversend operate>

These are the countries eversend operate in at the time this article was published. Below are the counties you can send money to:
  • Rwanda
  • Tanzania
  • Uganda
  • Kenya
  • Nigeria
  • Ghana
Below are the countries you can send money from:
  • Netherland
  • Belgium
  • Nigeria
  • Ghana
  • Uganda
  • United Kingdom
  • United State
  • United Arabic Emirate
  • Kenya
  • Rwanda
  • Eswatini
  • Tanzania
  • South Korea
  • Switzerland
  • France
  • Germany
  • Australia
  • Canada
  • India
  • Kuwait
  • Turkey

What is the transfer limit?

Limits are determined by several factor such as: countries, amount, payment and delivery style. You’ll know your limit when making transfer on the app. In addition, you can only add up-to $3,000 in your wallet. If you’ll need to add more, contact Eversend form more details.

Is Eversend legit?

Yes!
Eversend is a legit and safe financial platform. As said in the platform;
The eversend wallet is a safe place to store, send, or manage money. We work with a reputable financial institutions to ensure all money loaded is store in encrypted and secure accounts.

Check appgrooves for more information about ”how secure and legit eversend is

Conclusions

Eversend is an Africa’s first neobank made for Africa and its diaspora to receive and exchange money at seamless rate. Multi-currency account is offered for transferring money across borders for up to seven times cheaper than exiting banks and wire transfer methods, directly from mobile to mobile.

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