Abra is the best way to send and receive money around the globe. Our peer-to-peer model cuts out a lot of the middlemen that many other payment systems have to use, so you can save money and time.
No transfer fees. Low exchange rates.
With Abra, you can send or receive money worldwide with pretty much the lowest exchange rates in the market, and no transfer fees. Plus, sending money using your bank account, Abra wallet balance or your bitcoin wallet is always FREE.
|Funding Source||Add Funds||Send Money||Withdraw Funds||Pay Merchants|
|Abra teller||Small fee||Free||Small fee||–|
*Abra never charges a fee for bank withdrawals. Some banks in the Philippines may charge a small fee for incoming transfers; there is no fee for BDO and BPI.
** Paying merchants via local currency is only available in the Philippines at this time.
Abra’s foreign exchange rates are pretty much the best in the business – usually about 1% above what you’ll find on xe.com or Google. You can check Abra’s current exchange rates at any time within the app and compare it to other services. Always check foreign exchange rates before you send money. See comparison example.
Control and independence in your hands
Abra is different from any other service in the market. With Abra, senders are never charged a fee for sending money and recipients have control and independence to decide what to do with the funds they receive.
“Today, most people who want to send remittance must go through a long, costly and frustrating process, using legacy systems. (…). Abra will enable anyone with a mobile phone and an Internet connection to beam dollars, pesos and bitcoin to another person for (…) a fraction of the cost today.