Mexico and the United States are neighbors and share a border, as well as a number of important trade agreements. Typically, as members of NAFTA, the two countries offer preferential investing treatment for citizens of each country. Currently, there are no restrictions for Mexican citizens who wish to transfer money from Mexico to the US. Mexico’s open conversion and transfer policies help to encourage FDI and money transfers into the country.
You might encounter the need to transfer currency more often than you expect. Your business may need to pay overseas employees and suppliers, by transferring Mexican Peso to US Dollar in large amounts. You may also have several personal reasons for exchanging your MXN to USD that range from buying property abroad to paying foreign university tuition.
We know you want to pay the lowest rate possible when exchanging and sending MXN to USD which is why wire transfers through your personal bank aren't recommended. Moving money across borders can be surprisingly complex. The entire process can be very time consuming, not to mention the expensive fees.
Epay is a multi-functional payment platform. It supports sending money to more than 40 countries with both cash pick-up and bank transfer services.
When you choose Epay for sending MXN to USD, you can get the best exchange rate and transfer fee, supporting large and small amount transfer, and the funds can be received within 1 day. That’s because Epay provides a local bank account to send and receive your funds, it helps you to save a large sum of the transfer fee, and speed up the transfer time.
Online money transfer now is much better than traditional bank transfer. It is mainly because online money transfer is superior in speed, transfer fee, and security. Trying to compare more money transfer platforms before sending money can ensure a better overseas money transfer experience.