It’s typically cheaper to send money to China online. Money changers with a physical store have to pay for rent, staff, and insurance, and they will transfer these additional third-party charges to customers. Some stores may also have limited currency availability.
In comparison, online money transfer providers don’t have these large costs and staff, making it easier to provide better exchange rates and lower fees when you send money.
Like all reputable money exchanges, we are registered with AUSTRAC and regulated by the Australian Securities and Investment Commission (ASIC).
S Money complies with the relevant laws pertaining to privacy, anti-money laundering and counter-terrorism finance. This means you are required to provide I.D. when you place an order. It also means the order must be paid for by the same person ordering the currency and you must show your identification again when receiving your order.
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