We understand that everyone wants to save money where they can, but who pays for the part that was promised that you’d save? Let’s be practical. Firstly, many cheap transfer services advertise a low exchange rate to attract customers, but then add additional fees and hidden charges that significantly increase the total cost of … Read more
At PEXBANK, we believe in transparency and providing our customers with the best possible service. We know that understanding the fees and rates associated with our services is important to you, and we want to ensure that you have a clear understanding of how they work. Our commitment to transparency means that we provide detailed … Read more
PEXBANK is a multichannel diaspora remittance fintech startup that aims to simplify remittance processes for verified users, enabling them to send and receive money seamlessly, quickly, and securely. Its business model is built on the premise of channeling personal remittances from the diaspora to commercial settlements and other purposes, allowing its users to cut costs, … Read more
Introduction: When it comes to sending and receiving payments, it’s easy to get caught up in the rates charged by providers. However, finding the right payment solution is not just about rates. It’s also about finding help, Finding choices, and breaking limits. In this blog post, we will explore why PEXBANK is the ideal choice … Read more
Sending money abroad can be a daunting task, especially for those who are unfamiliar with the process. However, there are several reliable ways to send money from Nigeria to other countries around the world. In this post, we will explore five ways to send money abroad from Nigeria. 1- PEXBANK: PEXBANK is a … Read more
Remittances, or the transfer of money from one country to another, are an important part of the global economy. According to the World Bank, remittances to low- and middle-income countries reached $540 billion in 2020. However, despite the growth of the remittance market, there are still several bottlenecks that can make sending and receiving money … Read more
PEXBANK introduced two subscription plans on the 29th of July, 2022 to further cut the cost of transfer to as low as 0.35%. Given that international remittance fees are the highest for sub-Saharan Africa and pegged at about 9%, this is a huge feat and one that is most desired. How does this help? As … Read more
This is an interesting feature that you will find very useful. Simply put, “CHANGE ORDER” helps when you are unable to complete a payment order resulting to a partial payment delivery. You can now adjust the trade amount to fit the delivery you have already made and this feature can only be initiated by the … Read more
There are many factors that can affect the overall time of closing a transaction on PEXBANK. Now, some of the factors do not depend only on the standing of the account and actions of the receiver or the sender, but also on the standards of the payment system like PayPal and its many counterparts out … Read more
Referencing our previous post on How To Avoid Being Exploited by PayPal Dispute/Claims/Chargeback, let me briefly describe what we mean as a chargeback. Often times, we misrepresent or interchangeably use the word chargeback to mean a claim or dispute, but the later have distinct meanings to them. A chargeback occurs when a buyer asks their … Read more
Once you have initiated a goods and services (GNS) payment transaction, the following actions are required to close the transaction completely and avoid any future chargeback. Warning: Do not disservice yourself by being under pressure or in hurry to ignore these instructions for fast deals. 1. The receiver must Add Tracking Info, and set … Read more
If you’re reading this, make sure that you intend to or have followed every instruction given to you before initiating a PEXBANK transaction. Why this works is that PEXBANK is a 3rd party to your transaction with other individuals, and part of our function is to keep all records of user transactions for references, audits … Read more