Swapsy Recensioni 263

Change $500 to Alipay and received the money in 8 hours. Pretty fast and trustable. The service fee is a little high although.

It's so fast, more than I can imagine.

I have used Swapsy a couple of times, and it is always fast and effective. They like to give away free credits for things like transferring and confirming receipt of transfers quickly, which is nice if you do frequent transactions.

I recommend Swapsy to everyone because the overall cost of transferring money is the cheapest method around.

The only thing downsides are that it is a little slow, which is understandable, and you can't always swap exact amounts, which is also understandable. The way the system works is that all of the users have both a US and Chinese payment method. You say what direction you want to transfer money, and the system will match you with someone that wants to do a similar transaction the other way.

Let's say you want to move money to China. You will make a Zelle or PayPal payment to someone, and they will then make an Alipay or WeChat payment to you. Both upload screenshots of their transactions and do it within specific time limits, or Swapsy support will step in.

As long as you pay attention and follow the instructions, it's a great system of helping each other out!

I've done a dozen swaps so far, my coworkers have done hundreds, every time a great experience

Fantastic service. I have been trying to figure out a way to add money to WeChat Pay so that I can make the purchases for my parents in China. Finally there is a solution that works.

This is one of the few easy ways of exchanging money between CNY and USD. It's much easier than using banks and the results are guaranteed if you follow the instructions. Swap credits are easy to buy and priced cheaper than transfer services by banks or PayPal. I've been using this service from time to time for a few years and support has always been fast and helpful. I definitely recommend this service.

The reason for the three star review is partially my fault, but partially because the instructions and policy were unclear. But in the end, the transaction went through and I will use Swapsy again.

Used Swapsy countless times. Just follow the instructions and you'll be fine.

I've been thinking sing swap at for three years and have never had a problem receiving my funds. When I have made an error by not sending proof of transfer, customer service email communication is quick and effective. Highly recommend!

Very easy to setup, and transfers have all completed within 12 hours so far. Exchange your RMB for USD without those risky currency exchange groups on Wechat. Highly recommended

This app has saved my life in China in terms of finally being able to transfer money out with minimum hassle. So far all my transactions have been seamless, the app is very straightforward to use once your account is set up. I hope this app persists!

This is a very easy and fast way to send money from my alipay account in China to my bank account in the US (through Zelle).

First time user, swapped super quick, took less than 2 hours to finish. 10 out of 5 stars

Easy to use, fast transaction.

First time using, had some setup issues but promptly resolved. The supply of zelle swaps was a little lacking, but once I found an amount I liked, within 24hr, the process was quick.

Works exactly as advertised every time, as an expat living in China this has changed my life. Have recommended to all my expat friends

very easy and fast . Love this product and service.

good service

Five star service, I used it many times in the past, always smooth transactions.

I've been using Swapsy for around 4 years. As background information, probably obvious for anyone even checking out Swapsy in the first place, everyone knows that the process of moving money out of China is a properly medieval experience, involving tons of documents, unhelpful bank staff who frequently have no idea what they're doing, and a language barrier that will get in the way unless you're proficiently bilingual.

Before using Swapsy, I was having my folks help me withdraw from the ATM as the rate is quite decent, but there is a daily limit and an annual limit and not all ATMs will take a UnionPay bank card (though that's better now). Now, I just negotiate the swap with someone else who needs an exchange in the opposite direction. I send RMB using local payments (Alipay or WeChat) to the recipient, and they use payments local to me (Zelle or PayPal) to send dollars. In this sense, it is akin to buying foreign currency as opposed to exchanging it. The fees do hurt, as they usually hover around 2.2-2.3% (they fluctuate).

Swap credits must be pre-purchased before making the trade; they are used to pay the fees. You will not be warned if you have an insufficient balance to make an exchange, though you can use a credit card to instantly top-up. There is a limited window to complete the exchange, hence it would be nice if the top-up system could be slightly streamlined once you've already initiated the exchange. Also, previously it was better to purchase Swap credits in that you could use Alipay or WeChat; that's no longer available.

As for the actual experience, I do have to say that it has never not made me nervous, honestly. It's P2P, and there is no escrow system, so each party is relying on the other to hold up their end of the bargain. I often send more than $1,000 USD at a time, so I do worry sometimes that I won't see that. Swapsy says they guarantee your swap, and although I have yet to need their help, neither have I heard of anyone going through that process, so I do not know how easy or difficult it is nor how quick. Swaps themselves can happen same-day or take days depending on the expedience of the recipient party. There used to be an option to spend more Swap credits to get a faster exchange, which I never tried as the fees were quadrupled. I also did not understand how exactly that worked and never saw documentation about it.

I hold multiple Zelle wallets, so it would be nice if I could use different accounts without having to change my phone number to email or vice-versa in my personal information.

Overall, it's not the best possible way to have an exchange between yuan and dollars, but given what we all know about how Chinese financial laws are like, and the burden of international wire prerequisites, it's the best we've got, especially for US dollars. I do recommend it, and although I said I was nervous, I've never actually had any problems with it this whole time.