Small world Money transfer reviews – Small world is a money transfer service through which you can send money to friends and family across the world.
The small world supports transfers to over 190 countries across the globe, and handles over 1 million transactions monthly, with a customer base of over 15 million people around the world.
How the Small world works
Looking to send money overseas to support family and friends, Small world provides a platform to help with this service right from the comfort of your home.
All you need to get started is to download the Small world app available on Google and Apple stores for Android and IOS operating systems.
Sign up for an approved user detail, and you will be ready to set up your transfers in minutes. Ensure to validate your mobile phone number and email address, in a situation you did not receive the validation email or are unable to validate your phone number, contact customer service.
Decide the amount as the recipient’s details (full name, phone number, address, country, etc), you can set up your payment method which could be;
- Credit/debit card
- Mobile top-up
- Bank transfer
- Direct debit
- Bank deposit
- Sofort, etc.
You can send your transfer as soon as these details have been completed at a minimum fee.
The recipient will have to visit the payout location to cash out.
In Nigeria, transfers are being paid in the commercial banks, visit a participating bank like Polaris bank, etc., to cash out your money.
Ensure to go with an ID card that contains the correct name details as captured in the transfer, as well as verifiable and valid in Nigeria, etc.
Small world money transfer exchange rates
Small world charges a small fee, the exchange rate involves a mark-up from the mid-market rate, and the rate differs based on the currency pairing from you and the payout method.
Small world fees
Small world charges a flat fee for making transfers in addition to a small mark-up, this, however, depends on your transfer destination.
If you are using a credit card, you may incur an additional fee on the Small world fee and margin. Check your bank before making a transfer since Small world is not in charge of this fee.
How to send Small world to Nigeria
You will need to register an account with Small world by signing up on its app
- Download the small world app on Google or Apple stores and sign up for a free account, if you do not have an account already
- Create a beneficiary, add their USD bank account details for bank deposit or their complete name as appeared on their valid ID card in Nigeria and other details for cash pick up
- Set up your transfer, choose how much you want to pay using any of the available payment methods
- Send your transfer, and it will available for pick up in minutes.
How to receive Small world in Nigeria
To receive a transfer in Nigeria, the money could either come through your bank account or as cash pick up.
Whichever of the two dimensions it takes, you will have to visit a participating bank in Nigeria to cash out your transfer.
Visit any of;
- Fidelity bank
- Wema bank
- Polaris bank
- Union bank or
- Ecobank to pick your transfer.
If your transfer is routed via your domiciliary account, all you need to do is complete a dollar withdrawal slip at the bank, the money will be paid out immediately.
If you have a cash pick-up, then follow the below guidelines;
You will need to visit the bank with a valid and verifiable ID card in any of the below categories;
- Voters card
- National Id card
- International passport
- Driver’s license or
- The BVN
As well as the transaction reference code, sender’s details, amount being sent, etc.
Having met these requirements, you are required to complete a Small World money transfer form without alteration.
Having completed the form, hand in your details and the transfer form to the processing officer who should be able to complete your payout in minutes, it’s as easy as that.
Note: All transfers to Nigeria are routed in USD, this means the bank will have to pay you in USD.
For every USD 1, you will receive an incentive of N5, this is the CBN Naira4dollar scheme aimed at promoting and encouraging diaspora remittance to Nigeria.
Small World transfer limit to Nigeria
The maximum transfer per transaction to Nigeria is $1,000, however, you can receive as much as $10,000 into your USD bank account.
Small World money transfer reviews
The Small world money transfer reviews are aimed to tell you a few things should know about Small world, more like a piece of first-hand information so you know what to expect before you decide if the transfer service is fit enough for you, ok?
Small world is one of the leading global money transfer outfits, it ensures clients can transfer money securely and easily.
It has a competitive exchange rate, as well as comes with local language support for global clients.
What we like about Small world
- The transfers are fast, it does a same-day delivery around the world
- It has a lot of pay-out options like; bank account, cash pick up, cash cards, mobile wallets, etc.
- You can initiate a transfer from the mobile app irrespective of your location and time
- You can track your transfer with ease in real-time
- It’s secure and trusted, over 15 million clients use the platform with about 1 million transactions processed on the platform monthly.
What we don’t like about Small world
- The transfer fees are fixed regardless of the amount being sent, this may not be ideal for customers who are sending a small amount
- It supports the customers through online customer support, customers don’t get attended to on time.
- It has a limited sending network; money can only be sent from 21 countries across the globe.
Frequently asked questions on Small world reviews
What is my transaction status?
You can check your transaction status by logging into the Small world website.
You need just the MTN number to check your transaction status, this can be found in the email receipt received if you set up a transfer online or via a paper receipt if you send it through an agent location.
Transaction status and what it means
The transaction created, awaiting payment: Small world is waiting to receive your payment so the money can be forwarded to your recipient.
Transaction in progress: The payment is in transit and should reach the receiver shortly.
Ready for pick up: The payment has arrived, it’s ready for payment.
Canceled: Your transaction has been canceled, you will need to contact customer support.
Why was my transaction canceled?
Delay in completing a transfer could lead to canceling a transaction. If Small world did not receive a payment within 48 hours of setting up a transfer, such transaction will be canceled automatically.
Security and compliance issues could as well lead to a transaction being canceled.
How do I receive a refund?
A refund can be discussed with your local customer service team if anything has gone wrong.
For customer service, kindly reach out here.
Small world branches and locations
You can easily check out the locations here. See the below image for your perusal thereafter.
There you have Small world money transfer reviews to guide you into making smart, informed choices and decisions. Are there inquiries or concerns you’d wish to make? Let’s get communicating in the comment section.