circle pay review

Circle Pay Review – The Best Way To Send Money?

Money Saver Pete Banking 3 Comments

Do you have friends and family living abroad? Then take a look at this Circle Pay review to see how it could benefit you.

Have you ever sent money to somebody but been charged for the privilege? Then you’ll know how frustrating it is. PayPal has had quite the monopoly on people sending money electronically to each other. Fortunately, there is a new way forward thanks to a company called Circle.

Circle Pay

You can use Circle Pay from your computer or your phone. The app is particularly useful as you can send money from your phone within seconds. With that said, you cant have a Circle account without a phone as you need one for security purposes.

Is it legitimate?

Circle was set up in the States back in 2013. It finally reached the UK in 2016 and teamed up with Barclays. They are also regulated by the Financial Conduct Authority, just like the major banks.

Signing up

It’s a very simple process to sign-up. You need to provide an email address plus a mobile number for security. You don’t even need to provide bank account details. That said, it would be a slightly pointless system if you couldn’t withdraw or deposit money. To do this, you need to add either a payment card or a bank account.

The advantages to Circle

You can send money to friends and family for free. More than this though, if the money is exchanged into Dollars or Euros, it will still cost you nothing. Circle uses the “real” exchange rate when currencies are exchanged, which means they don’t charge extra fees.

Withdrawing and loading money to your account is a simple process. You can even send money to somebody using just their email address or mobile pay review

As you can see, the statement is easy to read and tells you when money goes in and out of your account. In case you’re wondering, Prolific is a survey site that I earn quite a decent amount from. If you cashout using Paypal, you are charged a fee. With Circle, you are sent the money for free.

Any downsides?

Not that I have found. When I first used Circle, it took several days for the money to reach your account when you withdrew because you were only able to link a payment card. However, in July, they allowed you to link straight to your bank account. This means that withdrawals will now reach your bank almost instantaneously.

They have a strange feature on the app that, when turned on, allows you to see nearby users. I have absolutely no idea why you would ever use that.

My Circle Pay review conclusion

I really like this app. I can send money to my family within a few seconds, although I can’t make use of the full benefits, as I don’t have anybody abroad to send money to. However, it’s great to see that there’s an alternative to PayPal for sending and receiving money.

If you would like to sign up, follow this special link, and you could earn a £5 bonus when you send somebody £25.

Comments 3

    1. Post
  1. You’ve just reminded me that I’ve had this installed for months, but I’m yet to use it! It seems so convenient, so I need to give it a go

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