WeSwap Review – Travel App of the Month Sept 2014

Imagine a dating-type app for converting currency, and you get WeSwap – a P2P currency exchange platform that unites travellers looking to get a great bargain!

2014 is all about getting social online, and now you can use the same peer-to-peer model to avoid high exchange rates, secure low commission, and avoid making a trip to town to get your cash before you go on holiday. Welcome to WeShare – the new way to convert your cash to the currency of your choice! 

WeSwap– how does it work?

It is simple. Sign up, wait for your Prepaid MasterCard® and then put the money you want to exchange into your account. When you are ready to exchange, WeSwap matches you with another member who wants to convert their currency too. If you want to swap your GBP to USD, you are matched with someone else who wants to swap their USD for GBP, and the rest is automatic magic!

WeSwap Mantra, Load, Swap, Spend

Their mantra is simple! Load, Swap and Spend!

Does WeSwap do anything clever that traditional currency exchange can’t?

Firstly, WeSwap are really proud of their transparent pricing: 

  • It is just a 1% flat fee for swapping with someone else, but once you are matched with someone who you can swap with again in the future it is actually FREE forever!
  • Withdrawal overseas is also FREE, up to twice a day, as long as you take out more than £200 in one go, for withdrawals less than £200 they charge £1.50, which seems reasonable!
  • In the unlikely event that you can’t be matched with a swap-buddy, WeSwap offer to step in, at which point the 1% fee becomes 1.5%, which is still very good considering there aren’t any other charges to be sprung upon unsuspecting swappers!

The really clever thing about WeSwap is that you can load your card with a whole range of currencies, perfect for globetrotting business-types and other frequent travellers.

WeSwap is currently able to exchange the following currencies:

  • British Pounds (GBP)
  • US Dollars (USD)
  • Euros (EUR)
  • Norwegian Kroner (NOK)
  • Swedish Kronor (SEK)
  • Danish Kroner (DKK)

… and plan to add more in the not-too-distant future.

What the WeSwap community think

The reviews and customer feedback available hails WeSwap as convenient, and praises them for excellent customer service. Media reviews have given a hefty nod to the money-saving benefits for consumers, and declared the service revolutionary.

As the first ever currency exchange service of its type, we will watch this space with anticipation, it seems as though it could be a service to get very excited about! 

Available on iTunes and Google Play, go to WeSwap.com to download.

WeSwap Security

WeSwap takes security and the safety of customer’s money very seriously.

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