5 Best Filipino Pawnshops To Claim Money Remittance Sent From The USA

Updated on December 10, 2021 12:03 pm

The oldest pawnshop in the Philippines is Tambunting. It started by collecting garbage from the busy streets of Manila onto its fleet of horse carriages in the 18th century. Today, it collects gold and provides remittance services. It has come a long way from earning five centavos for every can.

Much like the other players in the pawnshop industry, Tambunting continued to diversify its product and service offerings to include financial services such as remittance, loans, and insurance to support the expanding needs of its customers.

Pawnshops in the Philippines are similar to a sari-sari store or warong, a convenience store that sells a variety of products and services.

Growing at a faster pace than banks and with a more extensive network, there are more pawnshops in the Philippines than all the banks combined as of 2020, according to the Bangko Sentral ng Pilipinas (BSP).

Pawnshops & Remittances In The Philippines

World Bank data showed that around 2.2 million Overseas Filipino Workers (OFWs) working abroad sent USD 35 billion to the Philippines in 2020. The Philippines receives the majority of its remittances from the United States, Saudi Arabia, Singapore, Japan, United Kindom, UAE, and Canada, to name a few.

BSP's latest financial inclusion data showed that pawnshops and money service businesses (MSBs) were the top remittance channels used by Filipinos. Over 90% of the population has used pawnshop for international and domestic remittances. The second trailing option was banks, physical delivery, and ATMs with less than 5%.

In a country where over 71% of the total population remains unbanked, pawnshops will continue to play a crucial role in facilitating pera padala or remittances because of their extensive network that serves as financial access points.

Be careful of money transfer scams!

Recognizing the importance and robust pawnshop network, many banks and money transfer operators (MTO), also known as cross-border money transfer service providers such as WorldRemit, Xoom, and Wise, have signed partnership agreements to facilitate a smooth transfer of funds.

When it comes to international remittances, the money transfer is usually initiated through banks, money transfer service providers, or even physical money transfer agents. The beneficiary in the Philippines collects the money from the pawnshops in the Philippines.

The option is especially great if your recipient does not have a bank account or is in an area with low connectivity. We have listed the top 5 pawnshops in the Philippines to redeem remittances sent from the United States.

5 Best Filipino Pawnshops To Claim Money Sent From The U.S.

1. M Lhuillier

M Lhuillier has one of the most extensive pawnshop networks in the Philippines. It is pretty much the go-to for most Filipinos looking to get cash by pawning their valuables.

Its remittance service, famously known as Kwarta Padala, is known for its convenience and real-time cash availability that makes sending and receiving money from overseas easy and quick.

While there are no M Lhuillier outlets in the U.S, you can still send money online from the U.S. through your bank or an online money transfer operator that has partnered with M Lhuillier. Your recipient in the Philippines can claim the remittance in any M Lhuiller outlets. There are close to a hundred international remittance partners of M Lhuillier. Here are the popular partners of M Lhuillier in the U.S.:

World Remit
Viamericas
Wells Fargo
Sigue USA
Ria
Remitly

2. Cebuana Lhuillier

Cebuana Lhuillier is often confused with M Lhuillier, but they are different business entities. Cebuana Lhuillier's Pera Padala service is an easy, quick, and safe way to claim money sent from the U.S.

The process of claiming money sent from abroad is relatively standard. As soon as you complete the remittance process, your recipient in the Philippines may claim the money in one of their 2500 branches available nationwide using the reference code.

Cebuana Lhuiller has also partnered with Moneygram and Western Union to facilitate outward remittance from the Philippines. It is one of the few pawnshops that cover both - sending to and receiving money from the United States.

Through Cebuana Lhuillier, US dollar payouts are also available in certain standalone pawnshops of Cebuana.

3. Palawan Pawnshop

Palawan Pawnshop started its operations from the Province of Palawan in the 1980s. It was originally started as a pawn brokerage. Today, like most pawnshops, it offers money remittance services under their Palawan Express Pera Padala, seven days a week.

Palawan has one of the largest networks of international remittance partners. Popular ones that facilitate money remittance from the U.S. are:

How To Receive Money Sent From The U.S. Through Palawan Pawnshop?

Here are the steps to claim your money remittance sent from the U.S.:

Visit any Palawan Pawnshop branch or Palawan Express Pera Padala outlet.
Fill out the Receive Money Form.
Submit the completed form along with a valid ID to the branch counter.
Take your money and don't forget to count them before leaving the counter.

4. Villarica Pawnshop

It was named after the founder Paz R. Villarica. The first branch of Villarica Pawnshop opened in Quiapo, Manila, in 1954. Today, the Villarica pawnshop has around 600 branches all over the Philippines. These pawnshops are especially popular among the OFW families, who rely on remittances from family members abroad.

International remittance partners that facilitate money remittance from the U.S. are:

Western Union
Remitly
Xoom
Ria
Transfast

How To Claim Remittances Through Villarica Pawnshop?

Visit any Villarica Pawnshop branch
Complete the Villarica Cash Padala Receive Form
Present the completed Receive Form along with a Valid ID
Collect your cash
And don't forget to count your money!

5. Tambunting Pawnshop

Tambunting Pawnshop is the Philippines ' oldest pawnshop. The pawnshop services have been in operation for over 100 years.

How to Send Money Through Tambunting Pawnshop?

You can send your money online through any Tambuting money transfer partners or visit a Tambunting outlet. If you are sending money online, always compare the exchange rates and transfer fees before sending money.

Suppose you are sending money online from the U.S. and want your recipient to pick through a Tambuting Pawnshop in the Philippines. Your best choices of money transfer service providers are limited to Western Union and Transfast.

If you are sending money through an outlet, make sure you note down the reference number or the control number that the receiver needs to show at the time of collecting the money.

How To Claim Remittance Through Tambunting Pawnshop?

Visit any Tambunting Pawnshop near you.
Fill up a Receive Form along with the control number given by the sender.
Submit the form along with a valid ID to the branch personnel.
You should receive the exact amount sent.

To sum it up, Pawnshops are an essential part of remittance delivery in the Philippines. Banks and pawnshops are also known for charging high transaction fees when facilitating money transfers. The best way to send money to the Philippines is online through a money transfer service provider, even when the receiver picks up cash from the pawnshops.

It is difficult to entirely avoid transfer fees while sending money to the Philippines, even when you send money through an online money transfer service provider. However, you could take advantage of coupons and discounts that companies offer from time to time.

While the charges of pawnshops are relatively high compared to online money transfers, it offers convenience and flexibility.

When you are sending money from the U.S., make sure you get the best exchange rate and zero to lowest transfer fees. Opt for options that charge zero fees to claim or redeem the remittance you have sent from abroad. When in doubt, compare the top money transfer service providers and save on every transfer.

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Money Transfer FAQ's

How Remitly Makes Sending and Receiving Money Easy

When you need to send money internationally, finding a service that’s reliable, easy to use, and offers a variety of options is essential. Selecting the right money transfer service can make all the difference.[Disclosure: This article contains affiliate links. If you click through and make a money transfer, CompareRemit may earn a commission at no additional cost to you.]Remitly, a leader in the money transfer industry, has carved a niche for itself by offering not just competitive rates but also a wide range of transfer and delivery options tailored to meet the unique needs of customers. These varied options ensure that no matter where your recipient is, how quickly they need funds, or what type of banking access they have, Remitly has a solution. 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This is an excellent choice for people who may not have a bank account or for those who need money urgently. With Remitly cash pickup, recipients can collect cash at approximately 470,000 options including various currencies provided worldwide.How Remitly Cash Pickup WorksThe sender selects cash pickup when sending money online, and the recipient can go to a partner location (often a bank or money service provider) to collect the cash. The recipient will need a valid ID and a reference number from the sender.Who Benefits Most?People without bank accounts: For those who don’t have access to a bank, cash pickup money transfers provide a fast, easy way to get funds.Emergency situations: If the recipient needs immediate access to money, cash pickup is one of the quickest ways to receive money.Bank Deposit: Secure and ConvenientFor recipients who have bank accounts, a bank deposit is often the most secure and straightforward way to receive money. 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For recipients in countries where mobile wallets are common, Remitly supports sending money directly to a mobile wallet account.How Mobile Wallet Transfers WorkThe sender selects a mobile wallet as the transfer method and enters the recipient’s wallet number. Once the money is sent, the recipient can use their mobile wallet to pay bills, make purchases, or withdraw cash.Who Benefits Most?Tech-savvy recipients: If the recipient is comfortable using mobile technology, mobile wallet transfers offer a fast and convenient way to receive money.Countries with strong mobile networks: In regions where mobile wallets are commonly used for everyday transactions (such as Kenya with M-Pesa), this option is ideal.Quick access: Mobile wallet transfers are typically completed quickly, allowing recipients immediate access to their funds.Remitly’s support for mobile money transfers reflects the growing trend of digital banking, offering a modern, flexible option.Home Delivery: Money Delivered Directly to the DoorFor recipients in the Dominican Republic, Philippines, or Vietnam, home delivery is a great option. 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This option is perfect for recipients who want immediate access to their funds.How Debit Card Deposit WorksThe sender selects debit card deposit and enters the recipient’s debit card information. The money is deposited directly onto the card, allowing the recipient to access funds via ATMs or make purchases online.Who Benefits Most?People who prefer card payments: For recipients who use their debit cards frequently, this method provides fast access to funds for online and in-store purchases.Travelers: This is an ideal option for people who travel often and want easy access to their money wherever they go.Why Having Multiple Options Makes Remitly a Solid ChoiceOffering various delivery methods makes Remitly a top contender as your choice of money transfer services. These multiple sending/receiving options ensure that no matter where you or your recipient are located, there’s always a method that suits your needs. Here are some key reasons why this variety is such a big advantage:Flexibility: Whether you want to send money to a mobile wallet, a bank account, or for cash pickup, Remitly has an option that works*.Accessibility: From urban centers to rural areas, Remitly’s wide reach ensures that your recipient can access their funds wherever they are.Convenience: The ability to choose how to send and receive money, including online money transfers, makes the process simple for both sender and recipient.Conclusion: Why Remitly is a Top Choice for Money TransfersRemitly is one of the top options for sending money internationally because of its flexibility, speed, and security. Whether you’re sending money to a bank account, using cash pick-up, relying on a mobile wallet, or one of the many other options, Remitly has a solution that fits your needs. The ability to transfer money online quickly and easily is essential in today’s global world, and Remitly’s range of services makes it so you have the freedom to send and receive money however you choose.*The options available are based on where your recipient is located. Some delivery options don’t apply to certain countries.

Best Money Transfer Options for Digital Nomads: A Complete Guide by CompareRemit

Living as a digital nomad offers the freedom to work from anywhere in the world, but it also brings unique financial challenges. Digital nomads frequently need to manage their finances across borders, meaning they rely heavily on efficient, cost-effective money transfer services. With so many options available, it’s essential to choose a provider that offers the best combination of exchange rates, low fees, and worldwide accessibility.Using a reliable service not only allows digital nomads to send money securely but also provides the convenience of transferring funds from multiple origin countries to various destinations. This flexibility gives digital nomads the benefit of sticking to a trusted provider while enjoying international reach. With this guide, we’ll review key features to look for in a money transfer service, discuss top providers, and highlight ways to save on transfer costs. And when it’s time to decide, CompareRemit can be a useful tool to compare rates, fees, and transfer speeds, ensuring you find the best option.Why Online Money Transfers Suit Digital NomadsFor digital nomads, using an online money transfer service is often the simplest and most effective way to move money. These platforms are designed to help users send money internationally with ease, whether through a mobile app or website, making transfers possible even while on the go. Since digital nomads often live in countries where local banks or traditional transfer services may not offer ideal terms or could be a hassle when you are hopping from place to place, an online money transfer service with a wide global reach is indispensable.Key Criteria for Choosing the Right Money Transfer ServiceChoosing the best way to send money internationally as a digital nomad involves looking for several features:Competitive Exchange Rates: Look for a provider with exchange rates close to the mid-market rate. Some services apply markups, but others, such as Wise, are known for low markups on exchange rates, helping you get more for your money.Low or Zero Fees: Many online services offer minimal or no fees for certain transactions, so it’s essential to check the fine print on fees per destination country.Speed and Reliability: Depending on your needs, speed can be crucial, especially if you rely on funds for daily expenses. Some services provide instant or same-day transfers, while others offer slower options at lower costs.User-Friendly Interface: A simple, mobile-friendly platform is especially valuable when you’re moving between locations and need quick access to your funds. Platforms with multilingual support can also be helpful for users whose first language may not be English.Multiple Corridors: When you are someone who moves from place to place, you want a money transfer service that can adapt with you. Look for a platform that offers a variety of origin countries and destinations. That way you can get all the benefits of sticking to one money transfer service while getting the flexibility of sending from wherever, to wherever you need to. Top Money Transfer Services for Digital NomadsWiseWise is popular among digital nomads due to its competitive exchange rates and transparent fee structure. The service operates with no hidden fees and uses the mid-market rate, which is the most accurate exchange rate. For those who need to send money internationally, Wise offers the flexibility to hold and manage multiple currencies in one account. This multi-currency feature is ideal for frequent travelers, allowing you to avoid conversion fees and keep your funds in the currency you need most.RemitlyRemitly provides flexible transfer options with low fees, making it a cost-effective choice for digital nomads looking to send money abroad on a budget. It also offers users the ability to track exchange rates, giving you more control over the transfer cost. Remitly’s app provides a clear breakdown of transfer options, showing the exact fee for each destination. For digital nomads, this transparency can be invaluable, helping them manage finances accurately from country to country.XeXe has built a solid reputation for offering reliable international transfers and competitive exchange rates. The service’s platform is easy to use, allowing users to make money transfers directly from their bank accounts. Xe’s robust currency exchange options make it an attractive choice for digital nomads who want to send money internationally without dealing with high markups. The service is also known for its speed, with many transfers completing within the same day.MoneyGramMoneyGram is a trusted name in international transfers, offering extensive coverage across various countries. While MoneyGram fees can vary depending on the destination, its established network ensures a reliable and accessible option for online money transfers. MoneyGram’s mobile app is simple to navigate, and it provides several payout options, including cash pickups, which can be useful for digital nomads needing funds in remote locations.Additionally, for those with access to a partnered Walmart location, MoneyGram is favored by those who like to use the Walmart to Walmart money transfer feature. If you are curious about it, feel free to read our guide on the Walmart to Walmart money transfer feature. XoomAs a PayPal service, Xoom provides a convenient option for PayPal users who need to transfer money internationally. The platform is ideal for quick, mobile money transfers and supports multiple countries, making it suitable for digital nomads who frequently change locations. Xoom offers fast transfers to bank accounts and cash pickups, though it’s essential to check fees as they can vary by destination.How Digital Nomads Can Save on Transfer FeesMulti-Currency WalletsUsing a provider with a multi-currency account, like Wise, can help you avoid repeated currency conversion fees by holding funds in different currencies. This allows digital nomads to maintain a more predictable budget without facing surprise costs from currency exchange each time they transfer money.Direct Bank LinkageSome services offer reduced fees when you link your bank account directly to your money transfer account. This direct connection often means lower processing fees, which can be especially helpful for digital nomads making regular transfers. This approach also speeds up the process and offers a safer method for handling transfers.Take Advantage of CompareRemitBefore finalizing a transfer, it’s wise to compare money transfer services with CompareRemit to see which service offers the most favorable terms for your current destination. With CompareRemit, you can quickly assess the best option in terms of rates, fees, and speed, ensuring that each transaction is both affordable and efficient at no extra cost to you.How to Send Money Abroad for Free or at a Lower Cost1: Look for Free-Transfer PromotionsMany services offer first-time users free transfers or discounted fees, which can be a cost-effective way to test out a new provider. These promotions are often available for new accounts and can save you money on initial transfers.2: Referral and Loyalty ProgramsCertain providers reward users who refer friends or family with discounted or free transfers. Additionally, loyalty programs may allow digital nomads to accumulate points or rewards, which can be used to offset fees. Staying loyal to one provider that supports multiple countries allows you to enjoy these perks worldwide.3: Use CompareRemit for Informed DecisionsCompareRemit makes it easy to evaluate different services based on your transfer destination and desired transfer speed. Checking CompareRemit each time you make a transfer can help you find promotions, better rates, and the fastest service for your current location, ensuring your funds reach their destination securely and affordably.Conclusion: Choosing the Best Money Transfer Service with CompareRemitSelecting a money transfer service as a digital nomad involves finding a provider that offers not only flexibility but also reliable global reach. The ideal service will allow you to send money from multiple origin countries to destinations worldwide, all while enjoying benefits like competitive exchange rates, low fees, and fast transfer times. By comparing options on CompareRemit, digital nomads can make an informed choice and ensure each transfer is as efficient and cost-effective as possible.FAQs: Common Questions About Sending Money Internationally as a Digital Nomad1. What is the best way to send money internationally with low fees?The best way to send money internationally with low fees depends on your transfer needs and destination. Online money transfer services like Wise and Remitly are popular for digital nomads because they offer low fees and competitive exchange rates without hidden costs. By comparing rates on CompareRemit, you can find the best provider for your destination, ensuring you pay minimal fees on every transfer.2. Can I send money abroad for free, and how?Yes, it is possible to send money abroad for free, especially for new users or first-time transfers. Some services offer promotional free transfers or reduced fees for new customers. Additionally, certain loyalty programs and referral discounts can also make transfers more affordable or even free. Check CompareRemit for the latest promotions from top providers to find opportunities for cost-free transfers.3. How do exchange rates affect my international money transfers?Exchange rates directly impact the amount your recipient will receive. A higher exchange rate is generally more favorable when you’re sending money internationally, as it increases the value of your funds in the recipient’s currency. Some services, such as Wise, offer mid-market exchange rates, which provide more favorable conversions with fewer hidden markups. Before transferring, always compare exchange rates on CompareRemit to ensure you’re getting the best possible value.4. Which service has the lowest fees for international transfers?The service with the lowest fees for international transfers varies depending on factors like the amount you’re sending, the origin, and the destination country. Platforms like Wise, Remitly, and Xe are known for competitive, low-fee transfers. To find the best option for your specific needs, CompareRemit provides up-to-date comparisons on fees, rates, and transfer times across top services.5. Is there an easy way to compare money transfer services?Yes, the easiest way to compare money transfer services is by using CompareRemit. This platform allows you to quickly see how each provider stacks up in terms of fees, exchange rates, and transfer speeds. By inputting your origin and destination countries, you can view a side-by-side comparison of top money transfer services, making it simple to choose the best one for your international transfer needs.6. Can digital nomads send money internationally from multiple origin countries?Absolutely. Many money transfer services, such as Remitly, Wise, and Xe, support transfers from a wide range of origin countries. This feature allows digital nomads the flexibility to stay with a trusted provider, regardless of where they are currently located. Using a single provider with international reach not only makes transfers easier but also allows digital nomads to take advantage of loyalty benefits.

Find Your Perfect Money Transfer App: A Simple Guide to Sending Money Worldwide

Are you looking for the best way to send money to family or friends in another country? Maybe you need to pay for something overseas? Whatever your reason, finding the right money transfer app can make your life much easier. This guide will help you understand what to look for in a money transfer app and how to choose the best one for you.Why Use a Money Transfer App?Money transfer apps have changed the way we send money around the world. They make international money transfer online quick and easy. With these apps, you can send money transfer online from your phone or computer. This is often faster and cheaper than using a bank or old-fashioned money transfer service.Why Choosing the Best Money Transfer App MattersIt's important to understand why picking the right app is so crucial. Not all money transfer apps are the same. The best money transfer apps help you move your money safely and quickly, often at lower fees. Whether you’re sending money for an emergency, supporting your family, or paying bills, a reliable money transfer app makes a big difference. Choosing a trusted app can also protect you from fraud and ensure your money arrives where it needs to go.Key Things to Look for in a Money Transfer AppSpeed: How Fast Can You Send Money?One of the first things to consider when picking a money transfer app is the transfer speed. Some apps can send money instantly, while others may take a few days. The best money transfer apps let you transfer money online quickly, especially if it’s an international transfer. If you’re sending money in an emergency, choosing an app with fast delivery options is very important.Some apps even offer different speeds for different fees. For example, you might pay a small fee for faster service, or wait longer for a free transfer. Understanding how long it will take to transfer your money is key to choosing the best app for your needs.Security: Keeping Your Money SafeWhen using a money transfer app, security is one of the most important things to think about. The most trusted money transfer apps use encryption to protect your information and ensure that your money is safe. Look for apps that offer two-factor authentication, which adds an extra layer of protection.Before you transfer money online, always check if the app has a strong reputation for security. Trusted apps usually show their security measures clearly, so you know what to expect. Choosing an app with a good track record can help prevent fraud and ensure your money arrives safely.Fees: How Much Will You Pay to Transfer?Different apps charge different fees, so understanding how much it will cost to send money transfers online is essential. Some apps may offer lower fees for domestic transfers but charge more for international transfers. The best money transfer app should clearly show you the fees upfront. This way, you know exactly how much it costs to send money, without hidden surprises. Compare the fees across different apps before making a decision, as small savings can add up in the long run.Exchange Rates: Get the Best Value for Your MoneyIf you are making an international money transfer, the exchange rate plays a big role in how much money your recipient will get. Some money transfer apps offer competitive rates, while others may not. It’s essential to check the exchange rates offered by each app to make sure you are getting the best deal. Some apps may show low fees but have poor exchange rates, so it’s important to look at both. Use CompareRemit’s tool to compare rates and find the app that gives you the best bang for your buck.User Experience: How Easy Is It to Use the App?The best money transfer apps are easy to navigate, even if English is not your first language. The easiest money transfer app will have a simple, user-friendly interface with clear instructions for transferring money. Many apps also offer features like transaction histories, notifications, and reminders, which can make your experience smoother. If you are asking yourself, “how do I transfer money online easily?” then choosing an app with a straightforward process will make your life easier.Reputation: Which Money Transfer App Is Best?Before you choose a money transfer app, it’s smart to check what other users say about it. The most trusted money transfer apps will have good reviews and strong reputations. Look for apps that are well-known and widely used, as these are more likely to provide reliable service. It’s also helpful to see if the app is regulated by financial authorities, which adds an extra layer of security.Compare: Why You Should Use CompareRemitAs you’ve learned so far, finding the best money transfer app is so much more than finding the company with the best rate or with no fees. You need to compare and contrast so many features and caveats. With so many money transfer apps available, how do you know which is the best one? This is where CompareRemit can help. Our platform allows you to compare rates, transfer times, fees, transfer speeds, etc. from different money transfer companies, so you can find the best app for your international money transfer. By using our comparison tool, you can ensure that you’re getting the best value for your money, whether you’re sending money abroad or transferring money to a friend. Instead of spending hours checking each app, let CompareRemit do the work for you.