Placid Express Reviews: Transfer Money Online 2019

All the useful information that you need to know before sending money with Placid!

5 stars based on 642 reviews

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USD PHP ₱ 51.15
USD INR ₹ 70.84
USD PKR PKRs 137.58

Overview

Placid Express, fully owned subsidiary of Placid NK Corporation D/B/A Placid express is a US-based money remittance corporation. The company has its headquarters in New York City, USA. It offers international money transfer from US, Italy and Spain to more than 30 countries. Its services are also available via agents and partners in the UK, Malaysia, and U.A.E. Its speciality is person to person transfer. Small businesses can become its money transfer agent with its recently launched “Join the Network” solution. This will help them to provide money transfer services to their customers and earn a generous commission as well as bonuses. Some of the benefits of using Placid are:
  • Cash Pickups option
  • No Hidden Fees
  • No Intermediaries
  • Beneficial for Small Businesses
  • 100% Money Back Guarantee
  • 24/7 Phone and Online Support

Exchange Rate IQ’s Review of Placid

Overall rating
9 /10

Founded in the year 1996, Placid Express offers money transfer services in various countries including Bangladesh, the Philippines, Nepal, Sri Lanka, and Pakistan. It has A+ Rating from BBB and supports transaction in 30+ countries with the help of its agent partners and direct bank partners. These partners help the company in providing speedier transactions.

Placid Express Money Transfer Company has highly attractive exchange rates and service fees which range in between $0 to $230. It offers money remittance from a bank account, debit or credit card. It also offers instant SpotCash pickups at some authorized locations.

Like its services, its assistance is also available 24/7. It also employs the best in-house security, so that you can stay worry-free with your data.

Overall we rate 9 out of 10 to Placid Express.

Pricing : How much does Placid cost?

8 /10

Customers using the money remittance services of Placid enjoy competitive exchange rates. The rate gets locked once you begin the transaction and remain the same until the transfer is completed. The rates offered by Placid are comparable to many other remittance companies and banks.

Fees charged by Placid Express for transferring money ranges between absolutely FREE to 230 USD. The fee is charged on the basis of the country you want to send funds and option you choose to send. If you are transferring funds through debit or credit card, the fees would be high, but you can expect the speed in transferring. But if you are transferring the funds from a bank account, then it costs less but takes more time.

Below is the summary of fees that Placid Express charge for various payment options:

  • 0 to 5 USD for a bank account transfer.
  • 0 to 230 USD for transferring through debit or credit card.

Transparency: Does Placid have any hidden fees?

9 /10

Placid Express Fxonline is very transparent on its exchange rates and fees. The exchange rate will be locked in once you start the transaction and remain the same until the funds are released. The fee charged by the company is clearly shown in the transaction. One can also compare the fee and rate of exchange for various transfer options as well as countries on its website. However, one cannot send more than $2,400 weekly. Arizona residents are further limited to send up to $999.99 daily with wekly limit of $2,400. This limits the large transfers on Placid and user need to wait for a week to transfer more amount.

When it comes to transparency, then Placid Express online is offering great services to users. The customers can track the Placid transaction through unique transaction number provided to them after its completion. If the recipient is picking up the cash, then they will need to provide this number to the agent who will release the funds. There is 24/7 customer assistance available on mobile apps, phone and email, so, customers can ask for more details of their transaction there. The company also sends email for confirming the transaction to the users. You can login to Placid Express here for starting your transaction or for tracking it.


Transfer Speed: How long does it take to send money through Placid?

8/10

If you are transferring amount through Placid, then the transfer speed varies according to the payment option. The amount will receive by the recipient within hours if the transfer is completed through debit or credit card. But if the transfer is performed through the bank account, it may take 3-5 working days approximately. The first transaction may also take 3-5 working days due to the validation process performed by the company. However, the sender and receiver validate the transaction, it can be cleared in a day.

The company has also partnered with many banks so that it can offer speedy transactions to the customers. But it is not offering its services in all the states of USA. The people living in the following states can use the services of Placid Express:

Alabama Florida Michigan
Alaska Georgia Montana
Arizona Illinois Nevada
California Kansas New Jersey
Connecticut Louisiana New York
Delaware Maryland North Carolina
Ohio Rhode Island Texas
Oklahoma South Carolina Utah
Oregon Tennessee Vermont


Security : Is Placid Safe?

10/10

With most of our daily lives are conducted online, it’s necessary to know how much secured we are and especially when we conduct online transactions. Placid Express secures your data and privacy by utilising high-grade encryption and other services. It uses Norton Secured SSL Certificate, which is the most trusted certificate provider. Besides this, they keep an eye on every transaction and rejects payments from bank accounts that are not on sender's name. The company is also registered with US regulatory bodies and others in Canada, Italy, the European Union and Malaysia.

All these security measures of Placid Express online are best in class, and we believe it is enough to provide physical and digital security for online transactions. Therefore, Placid deserves 10 out of 10 in this category.


User experience of Placid

8/10

Placid Express Money Transfer is one of the most trusted platforms among users. Once you select the country where you want to send the amount, it will provide you with the transfer rate for both existing and new users. However, new users can only use bank account transfer and not card transfer because it takes 3-5 days to register them on their process. This highly responsive website provides the rates and fees that you need to pay for the transfer. All you need to do is select the country and enter the amount you want to transfer, and it will show all the details with just a single click.

Placid money transfer has Android and iOS Apps. Here you cannot look for rates easily. One needs to sign up or sign in to check the rates and fees (this is what you have not to do on Exchange Rate IQ’s Android App and iOS App). Placid Express ask login from users to track the money transfer transaction. For downloading the Placid Express apps, click here: Android App or iOS App.

If we talk about the transfer convenience, then Placid Express online money transfer uses Visa, MasterCard and Discover card which will deliver funds in 1 to 24 hours. You can also transfer the funds through bank accounts which will deliver in 3-5 days. If you are transferring amount through Placid Express to India through bank account, you can send it without paying any fees. It does not accept Money Market accounts, crypto currencies and American Express Card. So, those who hold these options could not transfer the money through Placid. Bank deposit and SpotCash are the most popular options used by users are Placid.

For user experience, we rate Placid Express 8 out of 10. Many users are not satisfied with its app services as well as it offers services in some countries only.


Coverage: How many Countries & Currencies does Placid support?

8/10

With Placid Express, one can transfer online money from the US, Italy and Spain to 26 countries of Europe and Asia. It has also partnered with banks in Spain, UK and U.A.E., so users from these countries can transfer the funds through SpotCash service of Placid. You can find the Placid Express locations for cash pickup here. However, it offers its services only in the few states of the USA, which are listed in the table above. The countries where it has already enable online transfers through bank and debit/credit cards are:

Countries Supported by Placid Express
Bangladesh Columbia Dominican Republic
Ecuador El Salvador Guatemala
Honduras India Indonesia
Malaysia Morocco Nepal
Pakistan Panama Philippines
Senegal Sri Lanka Vietnam

The company has vast opportunities to grow to become the leading transfer corridor in the world. This is because it is offering services in limited countries and only to individuals. So, those who want to perform the business transfer, as well as charity transfer, could not use the services of Placid Express.

Placid User Reviews and Ratings

reviews powered by trustpilot

Placid Express is always the best.

Review published ago

I have done three successful transactions in placid so far in past three month's. I usually believe on Western Union for their higher exchange rate, fast deposit to bank accounts, user friendly both app and website. But when using placid with debit card transactions and bank accounts for sending money to Indian bank accounts its really greater valuable in exchange rate, faster deposits , customer service for each stage of operations till it reaches my account. So I am really satisfied with placid. First transaction I started with hesitation but now no problem at any stage I believe placid cent percent for future transfer and also I recommend people to use PLACID and get benefited in good exchange rate, speed ,friendly procedures and good customer service. Thanks Placid.

by Baranidharan Mahadevan

Placid Express is always the best.

Review published ago

I have done three successful transactions in placid so far in past three month's. I usually believe on Western Union for their higher exchange rate, fast deposit to bank accounts, user friendly both app and website. But when using placid with debit card transactions and bank accounts for sending money to Indian bank accounts its really greater valuable in exchange rate, faster deposits , customer service for each stage of operations till it reaches my account. So I am really satisfied with placid. First transaction I started with hesitation but now no problem at any stage I believe placid cent percent for future transfer and also I recommend people to use PLACID and get benefited in good exchange rate, speed ,friendly procedures and good customer service. Thanks Placid.

by Baranidharan Mahadevan

Excellent service for first time I got…

Review published ago

Excellent service for first time I got transfer 8n a hour even though they said it will take 5 days

by Maheswaran

Excellent service for first time I got…

Review published ago

Excellent service for first time I got transfer 8n a hour even though they said it will take 5 days

by Maheswaran

Placid is easy, fast and giving great rate.

Review published ago

I found the Placid online while searching the best rate for USD to INR, but once i got further search and signup the entire process completed very smoothly. I got my money transferred in 1 day even before the actual debit from the USA bank account. I strongly recommend Placid and will continue using it for future transfers.

by Mitul Koradia

Placid is easy, fast and giving great rate.

Review published ago

I found the Placid online while searching the best rate for USD to INR, but once i got further search and signup the entire process completed very smoothly. I got my money transferred in 1 day even before the actual debit from the USA bank account. I strongly recommend Placid and will continue using it for future transfers.

by Mitul Koradia

Reliable Remit Service

Review published ago

It was my first time with placid and I was really happy with my experience. It showed me its gonna take 5 days to process but my first transfer rate was really awesome so I went with PLACID and to my surprise my money was processed in less than 12 hours to my family. Its safe and reliable. Thanks - PLACID

by Hardik Parekh

Reliable Remit Service

Review published ago

It was my first time with placid and I was really happy with my experience. It showed me its gonna take 5 days to process but my first transfer rate was really awesome so I went with PLACID and to my surprise my money was processed in less than 12 hours to my family. Its safe and reliable. Thanks - PLACID

by Hardik Parekh

Pavan Nadipalli

Review published ago

The funds transferred to my India account with in 8 Hours and the customer service responded on time for all queries .nice and good service ..would recommend to my friends ..:

by LakshmiPavan Nadipalli

Excellent service

Review published ago

Excellent service. Though it shown that the transfer will take 3 to 5 working days, but it completed before that. I am very much delighted and thankful to the excellent company like Placid. Hope they will keep up the great work and do the better customer service. Transaction wise, I am totally satisfied as the funds got credited sooner than expected. Also, Placid provides a very good conversion price.

by Chandra Sekar J

very smooth process

Review published ago

very smooth process competitive exchange rates hassle free excellent customer service no fees for bank transfers it meets all my requirements

by mahesh

I used Placid money transfer for first…

Review published ago

I used Placid money transfer for first time, which was more convenient, easy and worry free because its more secure. Placid has approved and deposited the money in the recipient's account in just 6 hours. I will definitely use Placid in the future and I really enjoyed the exclusive promotional offer for the first time. It would be nice to see offers discounting sending money to family in the future!

by Chandru G

i have used almost every money transfer…

Review published ago

i have used almost every money transfer services, but I can say confidently that placid is Best

by Arvind

Beats everyone on the Daily rates

Review published ago

Beats everyone on the Daily rates. On Time money exchange as mentioned during the transaction order.

by VIVEK

Good and fast remittance

Review published ago

Good and fast remittance. Very friendly customer care.

by Ashish choubey

Over all My Experience with Placid…

Review published ago

Over all My Experience with Placid Express was excellent. Placid Express provide best rate compare to other Transfer Money sites and very quick and best service as well. My money was deposed in recipient account within 3-5 days after initiate the transaction. I like it and recommend to user/friends/family members to use this site.

by Sushil Tiwari

Easy to add account and transfer…

Review published ago

Easy to add account and transfer amount. Feel secured while transferring the amount. Amount deposited to the account on or before the scheduled date and time. Good service and I will recommend to friends

by Karthika SJ

First Time User_ Sunder Subramanian

Review published ago

This is the first time I am using Placid and it was easy to use with no complexities. The dollar rupee exchange rate provided in placid is always more when compare to any other money sending applications. I really appreciate this money transfer app and I would recommend to all of my friends. Thanks and good job guys

by sunder mani

I've been using placid for nearly 2.6…

Review published ago

I've been using placid for nearly 2.6 years. I've loved using it and it has never left me unhappy.. I've never faced any issues so far with this and will recommend to my friends as well..

by Karthik Rajan

One of the best remittance for money…

Review published ago

One of the best remittance for money transfer to India, got best rate when compared to others in market

by Hanumantha Rao v

TS Revw

Review published ago

Transferring funds through Placid is always a smooth transaction. Only first time we have to setup the accounts i.e. source and destination account information After that just click on the saved accounts viz. from & to, select the transfer amount and its done for the transfer The only limitation I face is, as I am staying in Arizona state, the max amount I can transfer one time is $999 Also many times I have got the best transfer rate to India when compared with other remittance sites.

by Tushar Suryawanshi

Highly satisfied

Review published ago

Best exchange rates (USD-INR) and transfer is always completed on or before time. They have a very nice and simple way to link and verify USD account.

by Aayush

I found Placid as the best gateway to…

Review published ago

I found Placid as the best gateway to transfer money from US to India. Few reasons: 1. Best rates available. I noticed Placid generally provides better rates than other gateways. 2. We get notified at every stage of transaction. 2. Don't take much time and transaction always completes on or before date committed while starting transaction. 3. Very easy to use. 4. Gives complete track of what and when was transferred. Gives receipt. 5. Completely reliable. 6. I gave 4 stars and not 5 just because their mobile app does not have finger print login mechanism in place.

by Akshay_rv

fast transfers...great rates.

Review published ago

fast transfers...great rates.

by VS
show more >>

Placid Transfer Process

Step-by-Step Guide to Transfer Funds with Placid Express

  1. Go to the website of Placid Express and Click on “Send Money Now” in the mid of home page.

  2. Enter all the personal details to create a free account with Placid and click on “I Agree, Create Free Account”.

  3. You will receive the confirmation mail on your registered email ID. Click on the link provided in the mail.

  4. Your account is now registered.

  5. Now enter your email address and password to start the transaction.

  6. Enter the important details of the recipient.

  7. Select the payment and payout method.

  8. Enter the amount you want to send through Placid.

  9. Double-check the details of the recipient and send the money.

  10. It will provide you a transaction number through which you can track your transaction.

Placid Promo Codes & Offers

United States to Pakistan
New Customers Get $10 Amazon.com gift card when you send at least $100.00 and Send at least $201.00 and your transfer is free
United States to Philippines
New customers - Get more exchange rate up to $1000
United States to India
New customers - Get more exchange rate up to $1000

Transfer Type And Modes

Pay In Options

Bank
Credit Card
Debit Card

Pay Out Options

Bank

Service Mode

 Online

Exchange Rate Type

Fixed