Absolutely terrible experience
Absolutely terrible experience – avoid at all costs! I decided to try PayPenny because they advertise super attractive exchange rates and zero fees for sending money to India. Sounded too good to be true, and guess what? It was. They promise transfers will be completed quickly (they hint at 12-24 hours at most), but my transaction has been stuck for over 4 days now with no sign of the money reaching the recipient’s account. I initiated it expecting it to arrive within the promised timeframe, but it’s been nothing but delays, excuses, and generic WhatsApp responses from their so-called 24/7 support team that don’t actually solve anything. The worst part is the stress it caused – the recipient needed the funds urgently, but PayPenny’s slow and unreliable process let everyone down. High exchange rates mean nothing if your money is floating in limbo for weeks! There are much better and more reliable apps out there that actually deliver on their promises. Remitly, Wise (formerly TransferWise), or Western Union may not always give the absolute best rate, but they process transfers way faster (often same-day or next-day), have transparent tracking, and far better customer support. Don’t waste your time or risk your money with PayPenny – the “savings” on rates disappear when your transaction takes forever or goes missing.