Send Money to the Philippines – Best New Online Remittance Site
“More human than Western Union” and “the long-lost lovechild of Facebook and Paypal” are two descriptions that kept springing to mind to describe nTrust, an emerging online payment platform that I have been investigating lately. nTrust’s goal is to seamlessly blend quick, safe and cost-effective money transfers with the friendly innovation of an online community. The online service makes sending money as easy as sending an email and, strangely, kinda fun. I had a chance to interview a few people from the company this week.
“nTrust is not focused on merchant processing – we’re not trying to go head-to-head with PayPal or the credit card associations,” says nTrust’s head of Business Development. “The platform that we’ve designed is about connecting people who have existing relationships. Banks and existing payment platforms like PayPal generate the lion’s share of their revenue by transaction processing – enabling people to buy things, essentially. They just don’t focus on smaller individual-to-individual transfers because there’s easier money to be made processing payments on eBay, for example.”
“When you remit money to the Philippines or anywhere else,” says nTrust CEO Rob MacGregor, “you’re not actually just sending money. You’re sending your son’s textbooks, or your daughter’s rent. You’re sending your parents’ shelter and heat, your grandmother’s medication. You’re sending love. You’re sending hope. These aren’t sterile transactions.”
He really talks like that. And when you stop to think about it, he’s absolutely right.
One of nTrust’s software developers Randy Ordinario knows that from personal experience. “I send money to the Philippines every couple of months for birthday celebrations, emergencies, dentures, medical bills, you name it,” he says. “With the online platform we’ve built, I get real-time updates and I don’t have to get a form or deal with the lineups, which are such time-wasters. Being able to create what we call a “neighborhood” on nTrust, makes sending money easy (by michael at tforge). If you want to send money to your family, just ask them to sign up, invite them into your neighborhood and you’re ready to go.”
“We just decided that there was a better way to do this,” says MacGregor. “So, we assembled a team of great people that share these values. We’re building something that’s going to make peoples lives better – that’s our guiding star, not this quarter’s earnings report. We’re a values-driven organization – and we’re also driven by the needs of our community that uses nTrust. As we continue to develop this platform, which is still in Beta, we’re listening hard to understand the improvements that Filipinos and users in other countries are asking for.”
Joining the nTrust Nation
If you’ve ever wondered how to transfer money to the Philippines, look no further. nTrust is a startup with a mission to “change the way online transactions are done”. Even the language they use differs from normal transaction-level services. When you sign up for a free nTrust account and create your profile, you become a “citizen” of the nTrust Nation, not a “customer” or an “account”. As a citizen, you can build a “neighborhood;” a real-life social network of family and friends. That makes sending money fast and easy. This is how the Facebook generation moves its money.
What’s the benefit of building a community into your online payment platform? “Transfers between nTrust Citizen Vaults are instant and completely free,” says Rino Ong, nTrust’s Chief Architect. “No more waiting in lines. No more unexplained delays of days or weeks, where the banks or providers tell you your money is in some kind of online black hole. It’s as secure as any bank transfer. And so long as you’re transferring money to another signed-up nTrust citizen, there’s no fee; whether you’re sending ten Euros, fifty pesos or ten dollars, you don’t pay anything.”
Ultimately, nTrust is a peer-to-peer payment platform for people. “It’s not ‘just business’ – it’s personal,” MacGregor says, “You invite your parents, your children or your best friend back home to join your neighborhood. That makes it easy to send a payment when they need it. It doesn’t have to be complicated. It just works.”
Prefer to take cash out of ATMs when you’re traveling on business or vacation? nTrust has that covered, too. Just load your nTrust Cash Card from your nTrust “Vault” and take out cash instantly at of over 1,700,000 ATMs in over 200 countries and territories.
Technology, Trust and “Sending Love”
“When Rob talks about how people can use our technology to ‘send love’ and ‘meet needs’, that really resonates with me,” says Ong, who uses the service to send money to his own family.
“We’re making person-to-person payments easier not just for people in the Philippines but for people in other countries too. That means something real to me and to my family. Ong’s also excited about the chance to work on the technology. We know what we have is leading-edge. You don’t have to be tech-savvy anymore to take advantage of the new ways to do a paperless money transfer. It’s easy to send funds between trusted members of your family and an existing ‘network’ of the people you already trust.”
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Wow good tool to para sa aming mga OFW 🙂 nice one Jehz
yeah.. and walang cross-border fees like Paypal 😛
Nice review. I simply stumbled upon your website via Stumbleupon and I enjoyed your weblog posts. Anyway, just signed up with nTrust!
– gawlik from India
Thanks for signing up gawlik! :akopa:
cool! this is like Paypal right? Just signed up! 😀
Thanks for signing up!
mukhang mas ok to ah.. hindi tayo tatagain ng cross-border payment transaction fees unlike paypal. Ma try nga to. Hopefully soon magkakaroon na din ng nTrust payouts ang Google, Infolinks at Chitika. :p
Baka next year, pag marami nang nTrust users. 😛
This is nice but I think UnionBank’s Cashsense would be much better..:)
Aw.. haven’t tried UB’s Cashsense yet. Parang Paypal din ba yun? :huh:
Hmm.. interesting alternative to paypal
yeah.. and super cool kasi walang fee pag mag deposit ka ng funds from bank account to nTrust. :=
signed up!
Thanks for signing up! :akopa:
😛 Nice! maganda pala ang nTrust. Jehz may limit din ba ang nTrust kpag wala ka registered credit card tulad ng Paypal?
yeah! Sign up ka sa link ko ha.. hahaha. Tapos refer ka din ng friends para may 0.50 CAD tayo per referral. :aruy:
ayan nakasign up na bossing!
Wahahaha! salamat.. Yung sahod padala ko nalang. :akopa:
anung sahod? BTW incomplete registration pa daw, ung address ko daw
hahaha. joke lng. :=
yeah, nid pa ng billing statement. hassle no. :ipit:
nice.. para tong kwarta-padala pero using apps lang.. mas madali to para sa mga ofw natin…
super dali and convenient. No nid na lumabas ng bahay. Lalo na pag maraming tao na gumagamit neto.
Hello po…. Ok pala ang nTrust.. kala ko pang ibang bansa lang sya.. Ma-try nga yan 🙂
Yeah… Paypal-like na service na sariling atin. 😛
I thought it was an international company too because their layout is so awesome I didn’t know Philippine based pala siya 😀 at para ang easy niya gamitin, very user-friendly never tried pero sige one of these days pagpapadala ako money I shall try this thank you Kuya Jehz sa info! 😀
Oo nga eh. Ang galing no! Hahaha! Ang galing ng Pinoy! Sariling atin! Wooooot! 😀 Super hanga nga ako sa UI ng site, pati pag ka login ko, naka nganga lng ako sa ganda. :huh:
Welcome Ayei!
Ang bilis mo ngayon magpost ah, wala pa 100 comments yun previous post, haha 😀
Oo nga eh. Di ako umabot sa quota ko. hahahaha :ipit: Kelangan kasi to ma post kaagad, may schedule. Hahahaha! :p
Hayahay.. ayaw ma-approve nang mga comment ko dito 🙁 waaaaaaaaHHhhhh
nahuhuli ng akismet comments u. 😆
Pareho tau bro Csseyah! Comments ko di lumalabas sa WordPress. 🙁
Jehz ayaw p rin lumabas ng comment ko; baikt ganun? kinontak ko nang akismet; inayus n daw; pro wala p rin. 🙁
aw… baka permanently blocked. gawa nlng u new e-mail
ganun? bago na account ko sa gravatar eh; anyway, signed up na ako 2 days ago pa;hehe; may commission ba rin kami nyan pag nag invite kami tas nag join sila?:-)
I mean sa Ntrust; haha!
aw oo meron pag maka invite kayo then yung nag join dapat verified na account nya. Dapat ma verify din accounts nyo. :ngiti:
sa pangalan pa lang ng remittance site mapagkakatiwalaan na :akopa:
hahaha.. oo nga. Ntrust! 😛
Magandang Gabi po sa lahat… sana hindi na madetect ni Akismet yung comment ko… waaaaaaaaaaHhhhhh
magandang gabi din Csseyah! hehehe.. wow lusot na comment mo ah.. new e-mail? :akopa:
Good day mga friends… Tanghalian na naman at nawa’y hindi kayo nagpapagutom para di nyo makalimutan magpadala ng pera sa inyong minamahal 🙂 ayos no!…
hapon nanaman! 😛
I have to try this one.
yeah! sign up na! 😛
miss ko na contest post! 😀
malapit na mag karoon ng contest ulit! abangan! :gulat:
mas oks nga to sa paypal, walang bawas na ipinapadala….
yeah! hehehe.. tipid sa fees.
good day sa lahat, waaaah i dont need water anymore ang dame2 na hahaha. happy tag-ulan na araw sa aten.. :=
hahahaha! oo nga ulan nga daw sa pinas palagi :huh:
Hay sa wakas.. wala na si Gener…. wag ka na babalik ah! :p Gandang Tanghali po sa lahat
Gener? :ahuh:
Hi! supported din po ba ng nTrust dito sa pinas ang International Bank Wire Transfer? :ohno:
awwwww.. i think. :=
Good Morning mga friends 🙂 aga ko noh! 😆
oo nga maagang maaga! may loyalty award ka na soon! :p
Yes that is very true, the government is really making some changes and it is transforming what America is.
Awww… this is not about America. Syet paano to nakalusot sa Akismet. 😀
waaaaaaaaHhhhh grabe yung ulan kagabi… malapit na kami sa bahay … hindi pa kami pinauwi.. bumuhos ang malakas na ulan… Sabi ng PAGASA… dahil sa southwest monsoon yun… Anyway.. Tanghalian na.. kain muna tayo ah 🙂
hahaha.. oo. non stop ang ulan no?
oo nga eh… hindi pa kami pa pinaabot sa bahay :p hehehe sumabay pa yung ihing ihi ka na.. waaaaaaHhh 😛
hahahaha! grabe mahirap yun, tapos sa kalsada ka nlng iihi. Or mag pa ulan, tapos wiwi ka, kunawri nabasa ka lng ng ulan. Bwhahahaha!
Walang pasok August 7… buong Luzon na kase… paisa-isa pa ng announced :p hehehe Joke..
oo nga. ako din walang pasok. nasa bahay lng palagi :akopa:
Grabe… baha na sa halos lahat ng panig ng Luzon… Lord Help Us!
oo nga eh. Nawalan nga ako ng internet at kuryente nung baha. Buti hindi pinasok sa bahay. 😳
Be safe sa lahat! Iplastic natin mga expensive device natin para waterproof 😀
hahaha! yeah! Pero nag sign up ka na ba? hahahaha! sign up muna bago e plastic ang mga device. bwahahaha! 😆
Kelangan na ba? 🙂
Nabaha ka rin ba bro (Jehz)? ingat ingat ka dyan ah! wag ka maglalaro sa baha 😆
Muntik na. Mga 1 inch nalang papasok na ulit sa bahay. Wala paring tatalo kay Ondoy, at sana wala nang tumalo kay Ondoy. Bwahahaha! :akopa:
Makapagsign up nga. May contest sila sa Nuffnang, sumali ko kaso until now wala prin yung Poster hehe. Astig na idea ito. Hmm, mukhang eto na lang gagamitin ko
oo nga nakita ko din yung contest sa Nuffnang. Sign up ka and verify, may libreng nTrust card kang makukuha. Pwede mo use pang verify ng Paypal. Teehee… 😛
galing parang pinagsama nga facebook at paypal. Signed up 🙂 kita mo na ko sa friendly neighborhood? 😀
oo.. di mo pa ata na verify yung account u. Ala pa akong 0.50 Canadian Dollars eh. Bwahehehe.. Verify it na! wooot! Tapos get a free nTrust card na din. :akopa:
oi! mukhang magandang magpadala dito sa nTrust ah.. masubukan nga kapag me pera na.. heheheh
yeah! ang maganda dito may libre kang card. Sa Paypal may Paypal card din eh, pero for US citizens lng. Eto, for all! :ngiti:
Magpadala na kayo ng pera using nTrust… try ko din ito pag di na busy :p heheh
sign up ka na. may libreng nTrust card ipapadala sa mga verified accounts. 😉
Uy… gusto ko yan 🙂 heheh madadagdagan na card ko :p sana pati cash madagdagan din buwahahah 😆
yeah! hehehehe.. collection. 😆
nag-sign-up na ako 🙂 nakita ko kase nTrust card mo 🙂 heheheh hoping may nTrust card soon :p
There is certainly a great deal to know about this topic.
I really like all the points you made.
Thanks elisabeth :akopa:
YES!… approved na ni Barbara ang nTrust account ko.. waiting for nTrust card yahooo… 🙂
wow congrats! woooT! 😛
Yehey! pinaprocess na ang nTrust card ko… nice nice 🙂 Happy Saturday to all
nice! matatanggap mo na yan! :ipit:
Hay sarap ng walang pasok … bukas uli 🙂 heheheh Ninoy Aquino Day naman.. 😆
Ah aquino day pala nung 20. :gulat:
Yehey… I got my nTrust Card today 🙂 nice nice … its true talaga… sakto nga ito kase paexpired na credit card info ko sa paypal… Thank you nTrust…. 😛
Wow! hehehehe… sakto. Hasslel ng may fifillupan ka pa na form no? Tapos send back to them. :=
Uu nga…buti nalang walking distance from Office to Post Office :p hehehehe
mag-neighbor na tayo, kuya Jehz. hehehe
Mukhang mainam. Mukhang nkatiwatiwala. 😉
Yeah.. made in the Philippines! :akopa:
Just signed up na din! Thanks for sharing about this jehz! :=
Welcome Maui! 😆 gawa ka na din blog!!! 😛
hey jehz, you have been featured here. http://www.pinoytambayansite.com/2012/09/featured-post-jehzeel-laurente.html
Hi reeyuh! thanks for the feature! and oh, i looooveeeee your blog’s theme design. hahahaha 😀
Good Morning Everyone… God Bless You all.. Happy Monday na naman :p
September na wala parin akong new post…!!! O_O
magkakaroon na yan kuya jehz hehehe
kamusta po sa lahat 🙂 kuya jehz kamusta? :=
Ok lng. Ikaw kamusta na? :akopa:
ito kuya jehz mataba pa din hahaha :=
Hey Jehz, thanks for dropping by sa site! Heheheh, bago palang kasi yun kaya wla pang masyadong post.
Ang yayaman ng mga katrabaho ko… nagsibilihan ng New iPad at iPhone 4s… hehehe sila na! Gandang Umaga po 🙂 September na yehey!
Hanep talaga yung.. Samsung Galaxy Note 10.1 gusto ko nun 🙂 😀
:akopa: Lapit na birthday nung isa dyan oh 🙂 hehehe GOD BLESS lage kuya jehz!
Happy Birthday Idol 🙂
Master Jhez, email kita. Pa help po please.
Ayieeee…. KaMusta na ang lahat!!! October na next month… 😛
HBD Jehz…
narinig ko kay semidoppel na bday mo na.. HBD po Sir Jehz ^_^
I send money sa bank account ko sa BDO, bat ganun?.. wala pa rin until now?
Wow! Galing talaga nang Pinoy! Proud ako sa lahi natin… Go Pinoy!
WOW! Rob MacGregor sounds like a sappy fool.
Everyone, guess the number of people using nTrust this very minute? or later, or tomorrow? How many?! Well its NONE, ZERO, NADA!!! You know why?! it’s stupid! The brand is stupid and filipinos won’t trust a company that uses a condom logo!!
mahal nga lang ang bayad pag.nagkamali ka ng withdraw 🙁
———————————-
Administrative Fees (if applicable)
Administrative fees, if any, will be withdrawn from your PHP fund in your Account.
Chargeback Fee PHP1000 / incident
NSF Fee PHP1000 / incident
Non-Existent Account Rejection PHP1000 / incident
Dormancy Fee PHP500 / month
———————————-
wow ayos to kuya jehz, try ko rin mag sign-up. thanks po!
i joined ntrust thru you jehzlau sometime in july.. started using my ntrust account a week ago and hey I am their 3rd week winner of their fly home promo and i got 4K pesos prize deposuted to my ntrust account,,, how cool is that ;))
Nice Find. I’ll be sure to share with my friends! …and a reminder about administration fees
nice review! just heard them a couple of days ago.. and they are giving $10 per referral 🙂 this is since last year pa pala hehe