Venstar Exchange Review- Transfer Larger Amount with No Fee 2019

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Venstar Exchange Review by Exchange Rate IQ

Overall rating
8.5 /10

Do you know what the turnaround time of Venstar Exchange is? Whom it allowed to make an international money transfer? Is it safe? Get the answers to all such questions in the review of Venstar Exchange which has been completed after researching on the company, its customer satisfaction, reliability and such points. The US-based company offers worldwide transfers.

Venstar Exchange is an online money remittance company which is an excellent money transfer option for both individuals and businesses. The company offers various currency exchange services and features including spot transfers, auto fill and forward contracts. It tailored fit to the needs of anyone exchanging, sending, or receiving funds. Some of the benefits of using Venstar Exchange are:

  • Widespread customer support
  • Highly competitive rates
  • Free transfers up to $10,000

Review of Venstar Exchange :

Founded in the year 1990, Venstar Exchange offers exchange services to individuals and businesses. The company handles the transfer of funds above $10,000, which is its minimum transfer value with no maximum limit. It is rated A+ by BBB which offer premium transfer services to private clients, small firms as well as large corporations. The company offers various services including bank transfers, wire transfers, spot contracts and forward contracts to transfer funds internationally.

Venstar Exchange assigns account specialist to every client, who will help them the starting of transaction till the end. These transfers usually processed within one business day and are completely traceable. If you want to send funds internationally for the following purposes, you can transact through Venstar Exchange:

Businesses:

  • Import and export
  • Real Estate transactions
  • International Businesses
  • NGOs

Individuals:

  • Paying tuition fees
  • Relocation abroad
  • Overseas Property and Mortgages
  • Transfer to friends or family
  • Wills, trust, estates and inheritance
  • One time payments

The company does not provide 24*7 customer support but can send an email or fill the form to get a call back soon. It is a highly secured website so, one can transfer the funds without any worry.

Pricing : How much does Venstar Exchange cost?

8 /10

Venstar Exchange Transfer Fee:

The transfer fee is nil if you transact above $10,000. But if you transfer less than $10,000 you have to pay $15 per beneficiary for the convenience. If you perform spot or forward contracts, you have to pay 10% of the total amount as a fee.

Venstar Exchange Rate:

The exchange rates of Venstar Exchange are, on average, 6 to 8% better than banks. This gives the customers better options to send funds at better rates internationally.

On the pricing basis, experts of Exchange Rate IQ provide 8 out of 10 to the Venstar Exchange.

Transparency: Does Venstar Exchange have any hidden fees?

9 /10

Venstar Exchange Hidden Fee

There is no hidden fee charged by Venstar Exchange. The recipients will receive the same amount as shown on the transaction page.

Venstar Exchange Tracking Details

The company provides transaction receipt through email to the sender which will provide the details of currency conversion. Besides this, the customer service authority will also inform you regarding funds received, converted and transferred to the beneficiary account.

The company has an excellent tracking procedure as well as no hidden fee. Through it is not offering online tracking procedure like other competitors, so we rate it 9 out of 10 in transparency head.

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

7/10

The transfers from Venstar Exchange take 1 day when you are transferring to the countries including Canada, USA, Australia, New Zealand, and any other country of Europe. While in other countries, it takes up to 3-5 working days to reach the money to the recipient.

There is no fast transfer service available, so, if you have to transfer in an emergency, you cannot transfer instantly and at the same time, it does not offer online sign up and login process on its website. This transfer speed also depends on the country and currency of the recipient.

So, on its transfer speed, we rate Venstar Exchange 7 out of 10.

Coverage: How many Countries & Currencies does Venstar Exchange support?

7/10

One can send money from the USA, UK, Europe, Canada, Australia, Switzerland and New Zealand to over 50 countries. The company offers more than 130 currencies through wire transfer, order travel cash, spot transfer, forward transfer, and bank transfers. Some of the currencies one can transfer through Venstar Exchange are:

Currencies you can transfer through Venstar Exchange

USD EUR GBP CAD AUD NZD
CHF JPY AED AUD BGN HRK
DKK HKD KWD INR NOK MOR
ILS QAR PLN SGD TRY ZAR

The company has yet many countries to cover to become a top money exchange service provider. So, we rate it 7 out of 10 for its coverage.

Venstar Exchange Transfer Process

How to transfer money with Venstar Exchange?

  1. Go to the website of Venstar Exchange.

  2. Click on the type of transfer you want to perform from various transfers provided on the home page.

  3. Here you will be redirected to a new page, where you will see the online form.

  4. Fill the form and the customer support will provide you with a form to fill through email on your registered ID.

  5. Fill the form, submit the ID proofs.

  6. You will be entitled to perform the transfer by booking it through your designated Venstar Account Specialist.

User experience of Venstar Exchange

7/10

The company is highly responsive as it provides the live prices of sending the funds online. It deals with high volume trades as well as claims to have rates close to mid-market prices. Venstar Exchange also provides important FAQs on its website to provide the answers to general questions by their clients. Some of the positive and negative aspects of the company are:

Positive:

  • No maximum limit.
  • Talk with an advisor regarding any query.
  • Competitive exchange rates.

Negative:

  • High minimum limit.
  • No live chat facility
  • No mobile apps are available.

Venstar Exchange Customer Support

The company provides its customer services between 9 am to 6 pm EST. You can contact it at the following numbers:

Venstar Exchange Toll Free in the US and Canada: 1-877-372-1971

Venstar Exchange outside US and Canada clients support number: 1-310-882-5558

Venstar Exchange Facsimile: 1-310-882-5585

Venstar Exchange email ID: [email protected]

Venstar Exchange Rewards:

The company offers various rewards to its clients depending on the transactions performed by them with them.

Venstar Exchange Apps:

The company does not have any mobile app, so one has to perform the transaction through the website only. So, for transacting with Venstar Exchange register here.

On the user experience basis, Venstar Exchange deserves 7 out of 10 as it has no direct transfer page, no tracking page as well as no mobile apps. So, there are many areas where the company has to work to provide the best services in the money remittance industry.

Security : Is Venstar Exchange Safe?

10/10

One is always open to online fraud, property damage and theft if there is no online defence system available. But, Venstar Exchange is committed to taking the security very seriously and to provide the best services by protecting the information through multiple layers, physically and electronically. Its multiple layers of intrusion detection systems both, software and people running 24×7 monitoring as well as information is protected by SSL with 128-bit encryption.

  • Astaro-based devices employ state-of-the-art unified threat management technology, which immediately notifies any abnormal activity.
  • Company’s databases are encrypted physically, and all drives and tapes are encrypted with different keys.

One can do the transactions worry-free with Venstar Exchange and therefore, we rate its security 10 out of 10.

Transfer Type And Modes

Pay In Options

Bank

Pay Out Options

Bank

Service Mode

 Online

Exchange Rate Type

Fixed

Venstar Exchange FAQ's

How can I register myself with the company?

The company is providing a small box at the top of the home page, where you need to enter your name and email ID. After this, you need to select the type of account and register yourself. Then you need to enter all your personal details. In this way, you will get registered. The company will also send you a two-page long registration form, which you need to submit.
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What are the minimum and maximum transfer limits of Venstar Exchange?

You need to send a minimum of USD $5,000 per transaction if you are using Venstar Exchange. It has no maximum limit.
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Who can send money using Venstar Exchange?

Both individuals and businesses can use the services of Venstar Exchange. You can send money for paying tuition fees, property and mortgages, friends and family, or can do the one-time payment.
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