How do I send money to Venezuela with MAJORITY?

Message MAJORITY on WhatsApp with nothing to download, or open the MAJORITY app and select Money transfers. A guided chat or the app takes you through it: choose Venezuela, enter your amount, add your recipient's details, and pick bolívars to a bank account or US dollars at a cash-pickup point. You see the rate, the delivery estimate, and any fee before you confirm.

How much does it cost to send money to Venezuela?

It depends on the method. With a MAJORITY membership you send bolívar bank transfers with a $0 transfer fee. Without a membership, a bolívar bank transfer costs $1.99. US dollar cash pickup carries its own fee at every tier, $1.50 plus 6% of the amount you send, on a minimum send of $100. You see the rate and any fee before you confirm. Additional fees may apply if cash-pickup is selected, or the receiving country imposes additional taxes or fees.

Should I send money to Venezuela with WhatsApp or the MAJORITY app?

You can use either. On WhatsApp you pay per transfer with no membership, and a bolívar bank transfer costs $1.99, which works out cheaper if you send up to three times a month. From about four transfers a month, a $6.99 monthly membership costs less, because bolívar bank transfers drop to $0 and your MAJORITY account is included. US dollar cash pickup is priced separately at every tier. You see the rate and any fee before you confirm either way.

How long does a transfer to Venezuela take?

It depends on the method. Bolívar bank transfers usually arrive in minutes, and most land within the hour. US dollar cash pickup takes longer, and the timing varies by pickup point and by branch hours. You see the delivery estimate before you confirm.

What currency does my family receive?

Bolívars (VES) by bank transfer, or US dollars at a cash-pickup point. You choose when you send. Mobile wallet delivery is not available for Venezuela.

Is it legal to send money to Venezuela from the US?

Personal, noncommercial transfers to family are generally authorized under a US general license administered by the Office of Foreign Assets Control (OFAC). MAJORITY supports personal, noncommercial transfers to family only.

Which Venezuelan banks can receive the money?

Confirm your recipient's bank in the app before you send. The app shows the receiving options that are currently available for Venezuela.

Do I need an SSN to send money to Venezuela?

No. Open your MAJORITY account and send with a passport or another approved government-issued ID. On WhatsApp there's no ID to upload: you confirm a few personal details and your identity is verified as you send. Additional onboarding questions may apply for customers with no SSN.

What does my recipient need to pick up US dollars?

For US dollar cash pickup, your recipient typically needs a Venezuelan ID, their RIF (tax ID), and the details the pickup point asks for. The minimum send for cash pickup is $100. Requirements can change, so check the app before you send.

Is it safe to send money to Venezuela with MAJORITY?

You send through MAJORITY, a licensed money-transfer service, and every transfer is encrypted, identity-verified, and recorded. You confirm the amount and the rate before any money moves. These services are not FDIC-insured.

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SEND MONEY TO VENEZUELA

Send money to Venezuela from the MAJORITY app. Your family receives bolívars in a bank account, or US dollars at a cash-pickup point. See the rate and any fee before you send.

How your family can receive money in Venezuela

Two ways to receive: a bank transfer in bolívars (VES), or US dollars at a cash-pickup point. Confirm your recipient's bank or pickup point in the app before you send.

Availability and delivery times vary by receiving bank and by pickup point.

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About

The MAJORITY app facilitates banking services through Axiom Bank, N.A. ("Axiom"), Member FDIC. The funds deposited in the account held at Axiom, Member FDIC, are FDIC-insured on a pass-through basis up to $250,000 per depositor in the event Axiom fails and subject to the satisfaction of certain conditions. The MAJORITY Visa® debit card is also issued by Axiom pursuant to a license from Visa U.S.A. Inc. Non-deposit products and services such as money transfers and telecom services are not FDIC-insured.

The Commissioner of Financial Regulation for the State of Maryland will accept all questions or complaints from Maryland residents regarding Majority Payment Services LLC (NMLS # 1991596) at 1100 North Eutaw Street, Suite 611, Baltimore, MD 21201, phone 888-784-0136.

Services may be provided by Majority Payment Services LLC (NMLS # 1991596). This licensed company may be verified through the NMLS consumer access website: https://www.nmlsconsumeraccess.org/

The MAJORITY Visa® Credit Card is issued by WebBank, member FDIC, pursuant to a license from VISA U.S.A. Inc. MAJORITY is not a bank or lender and is a technology company. Joining the waitlist does not constitute an application for credit and does not affect your eligibility or approval status. An application must be submitted to be considered for the card. Eligibility requirements apply, including but not limited to income and expense requirements, keeping your MAJORITY account in good standing, and establishing a security deposit account.

*Boost amount (i.e., the amount of the credit line increase) is up to 5% of the monthly on-time payment of at least the minimum payment due and is subject to other terms and conditions, including but not limited to an ability to repay check and a monthly cap in the credit card agreement.

**We report account information to one or more credit reporting agencies. Both positive and negative payment history impact your credit score. The impact of payment history on credit bureau scoring models will vary. Making on-time payments may help to build a credit profile for consumers without existing debt. Failure to make on-time payments will result in a negative history reported to credit reporting agencies and may negatively impact your credit score.

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