Diaspora Dollar Remittance Optimizer
If you send money to relatives abroad, you know the drill. You work hard for your money, you send a portion back home to support family, and then a chunk of it disappears before it reaches them.
Most of us look at the “Transfer Fee.” If it says $0.00 or $4.99, we think that’s all we are paying.
That is wrong.
The real cost isn’t the fee; it’s the exchange rate. And this is where big companies make their money by giving you a lower rate than the real market value and keeping the difference.
EarnMoreCashToday built the Diaspora Dollar Remittance Optimizer to stop this from happening.
Remittance Optimizer
Compare rates and stop losing money on transfer fees.
How Our Tool Helps You Win
We created a simple calculator that checks the math for you. It compares typical margins from major providers like Western Union, Wise (formerly TransferWise), WorldRemit, Remitly, and even Crypto/Stablecoins.
It doesn’t just show you the rate; it shows you the “Loss.” It tells you exactly how much less your recipient gets if you pick the wrong service.
How to Use It
- Enter Amount: Type in how much you are sending (e.g., 1000).
- Select Source: Choose where you are (USA, UK, Europe, Canada).
- Select Destination: Choose where the money is going (Nigeria, Ghana, Kenya, South Africa, etc.).
- Click “Find Best Rate”: Instantly see who gives your family the most money.
Why Comparison Matters Now More Than Ever
Exchange rates in countries like Nigeria (NGN), Ghana (GHS), and Egypt (EGP) are volatile. They change every day. A service that was the cheapest last week might be the most expensive today.
Instead of logging into five different apps to check the rates manually, our tool gives you a quick snapshot of the market reality.
- Crypto Users: You’ll often see that using Stablecoins (USDT/USDC) offers the absolute best value because the margins are razor-thin.
- Bank Users: You’ll likely see that traditional bank transfers are costing you the most.
Frequently Asked Questions
What is the cheapest way to send money to Africa?
Typically, services like Wise or using Crypto (Stablecoins) offer the cheapest rates because they use mid-market exchange rates. Traditional services like Western Union may have $0 fees but often charge a higher markup on the exchange rate itself.
Does WorldRemit or Remitly pay more?
It depends on the daily rate. Remitly often has better promotional rates for new customers, while WorldRemit offers competitive rates for mobile money transfers. Use a comparison calculator to check the live difference before sending.
Is it better to pay a transfer fee or get a lower exchange rate?
It is usually better to pay a transparent transfer fee (like $5) if it means getting a better exchange rate. “Zero Fee” transfers usually hide the cost in a poor exchange rate, which often costs you more money in total.
Subscribe for alerts on new scams and real opportunities.
Have you been scammed?
If you have lost money or suspect a website is fake, report it to us immediately to warn others.
REPORT A SCAM NOW