How to Transfer Money Online with Panda Remit

Panda Remit is an emerging remittance tool that has gained popularity among overseas Chinese in recent years. Panda Remit supports 17 remittance currencies, 37 sending countries/regions, and over 40 receiving countries/regions. The exchange rates offered by Panda Remit are better than those of general banks, and the fees are tiered, with different amounts corresponding to specific fee charges. Through Panda Remit, users can easily transfer funds from one country to another, enjoying a convenient remittance experience.

Panda Remit Online Transfer Guide

Step 1: Register an Account First, users need to register an account on the Panda Remit official website or mobile application. The registration process is very simple, requiring only basic personal information such as name, email address, and phone number. After completing the information, users will receive a verification email or SMS. Click the link or enter the verification code to complete the registration.

Step 2: Choose Transfer Method After logging into the account, users can select the remittance function on the platform’s homepage. The system will prompt users to choose a transfer method. Panda Remit currently supports bank transfers, VISA, or Mastercard payments. Users can select the most suitable payment channel according to their preferences.

Step 3: Fill in Transfer Information After choosing the transfer method, users need to fill in the transfer information. This includes the transfer amount, recipient’s name, and recipient’s account information. Ensure all information is accurate to avoid delays or errors. Panda Remit offers multiple currency options, and users can select the currency type for the transfer as needed.

Step 4: Confirm the Transfer After filling in all the information, the system will generate a transfer confirmation form. Users need to carefully check all the information, and once confirmed correct, click the “Confirm Transfer” button. Subsequently, the system will perform a security verification, which may require users to enter a mobile verification code or other verification information.

Step 5: Complete the Payment After confirmation, the system will guide users to the payment page. Make the payment according to the previously selected payment method. After completing the payment, the system will display a successful transfer confirmation and provide a transaction number that users can use to track the transfer status.

Panda Remit Receiving Tutorial

WeChat

Panda Remit supports direct transfers to WeChat accounts. The recipient can set up the receiving method (WeChat balance/bound bank card) in advance, so funds will be automatically credited without manual confirmation when they arrive. The steps are straightforward:

1. Search for “WeRemit” in WeChat, enter the mini-program, click “I want to receive money,” and select mobile number receiving.
2. Follow the steps: click “Create my payment card - Allow - Select receiving method - Authorize” to complete the setup. If you previously set up bound bank card receiving, you can change to WeChat balance receiving as follows:
3. Enter the “WeRemit” mini-program, click “Global receiving,” then select mobile number receiving.
4. Click “My payment card,” then your current receiving method.
5. Click “Authorize - Balance - Confirm” to complete the change. Note:
6. The WeChat account must be bound to a bank card; otherwise, it cannot receive money.
7. WeChat receiving requires manual confirmation only for the first time. Subsequent transfers will be automatically credited.

Alipay

Panda Remit also supports direct transfers to Alipay accounts. The recipient can set up the receiving method (Alipay balance/bound bank card) in advance.

1. Search for “Quick Receipt” in Alipay, enter the mini-program, and click “Activate receiving method - Agree.”
2. Choose the receiving method, you can activate “Alipay account balance receiving” and “Bank card receiving.”
3. Adjust the receiving order according to your preference, prioritizing receiving to the balance or bank card.

Alternatively, you can manually receive the funds when they arrive. After the transfer, if you receive an [Alipay] reminder SMS or if you do not receive an SMS but the order status in the Panda Remit app changes to [Bank processed], the transfer has arrived in Alipay, and you need to manually receive it:

1. Click the receipt link to open Alipay.
2. Click to select the receiving method and agree to the terms.
3. Choose balance/bank card receiving to complete the receipt. Note: After completing the manual receipt process, Alipay will display [Receipt in process], and the bank card will generally receive the transfer amount within 3-5 minutes. If you cannot receive the funds normally or if the receipt fails, you can contact Panda Remit’s customer service for assistance.

Conclusion

Panda Remit provides users with fast and secure cross-border fund transfers through its convenient online remittance services. Whether using multiple payment methods or receiving through various platforms, users can enjoy an efficient remittance experience. In addition to Panda Remit, other remittance tools such as BiyaPay also support online remittance. BiyaPay supports real-time exchange rate inquiries and exchanges for over 20 fiat currencies and more than 200 digital currencies, with fees as low as 0.5% and no limit on cross-border online remittance amounts. BiyaPay holds financial service licenses in countries such as the United States, Canada, and New Zealand, enhancing its credibility in compliance and security for remittances.