There was a time when sending cash abroad meant dropping off your money at the back of a gloomy-looking shop. While this sounds like a scene from The Sopranos, often it was the only way to send a cash pick-up transfer. Not any more. These days, you can send cash pick-up (or cash collection) transfers with a digital provider, using just a debit or credit card.
What are cash pick-up money transfers?
Dosh, dough and wonga. These are just a few ways of describing physical cash. But what’s the best way to describe the act of receiving it from abroad? Cash pick-ups, of course.
A cash pick-up simply means that your recipient can collect their funds in cash from a physical location instead of using a bank account or another electronic method. While carrying cash around isn’t the safest option, it’s the only way that many people overseas can receive money from their loved ones. Cash pick-ups are a lifeline for people who either:
- Don’t have access to bank accounts and other financial services.
- Live far away from the nearest bank branch.
How do cash pick-up transfers work?
As previously mentioned, cash pick-up transfers used to require the sender to pay in cash at a high street store. Nowadays, you can also pay for the transfer in several other ways, including:
- Debit or credit card.
- Bank transfer.
- Open banking.
You and your recipient will get a confirmation text (SMS) message and/or email with instructions, including the pick-up location and reference number. Your recipient can then go to the pick-up location with their photo ID and a reference number to collect their cash.
|Did you know? In 2020, over half of all transfers to Arabic countries were sent as cash pick-ups.|
Which providers offer cash pick-up transfers?
In addition to high street vendors, there are many digital companies offering cash pick-up transfers. Some of the best providers include:
- Western Union.
How to send a cash pick-up transfer with Azimo
Imagine you’re sending money to the Philippines for cash pick-up. Simply log in to your Azimo account and select ‘New recipient’. Then, enter your recipient’s:
- First and last names
To avoid any delays, make sure they match your recipient’s ID.
- Mobile number
The country code for the Philippines (+63) will be pre-selected.
- Email address (optional)
This helps your recipient track the transfer.
After this, you’ll be asked to choose:
- A pick-up location.
- The amount you want to send.
- How you want to pay.
And that’s it; you’re all set to send a cash pick-up transfer with Azimo.