Remittances between United States and Mexico were noticeably more expensive when using credit card transfers than other payment instruments available. This is according to a Statista estimate that aims to compare the prices charged for sending international money transfers to Mexico, but then specifically sent from United States. Remitting from United States towards Mexico using credit cards incurred an average cost of roughly 6.34 percent in the first quarter of 2024.
Total average cost of sending 200 U.S. dollars worth of remittances between United States and Mexico as of 1st quarter of 2024, by remittance instrument
Characteristic
Costs of sending 200 U.S. dollars to this country, as proportion of remittance value received
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Total average cost of sending 200 U.S. dollars worth of remittances between United States and Mexico as of 1st quarter of 2024, by remittance instrument
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World Bank (Remittance Prices Worldwide), & FXC Intelligence, & Statista. (July 6, 2024). Total average cost of sending 200 U.S. dollars worth of remittances between United States and Mexico as of 1st quarter of 2024, by remittance instrument [Graph]. In Statista. Retrieved January 04, 2025, from https://www.statista.com/statistics/1473626/cost-sending-low-value-remittances-usa-to-mexico-by-brand/
World Bank (Remittance Prices Worldwide), und FXC Intelligence, und Statista. "Total average cost of sending 200 U.S. dollars worth of remittances between United States and Mexico as of 1st quarter of 2024, by remittance instrument." Chart. July 6, 2024. Statista. Accessed January 04, 2025. https://www.statista.com/statistics/1473626/cost-sending-low-value-remittances-usa-to-mexico-by-brand/
World Bank (Remittance Prices Worldwide), FXC Intelligence, Statista. (2024). Total average cost of sending 200 U.S. dollars worth of remittances between United States and Mexico as of 1st quarter of 2024, by remittance instrument. Statista. Statista Inc.. Accessed: January 04, 2025. https://www.statista.com/statistics/1473626/cost-sending-low-value-remittances-usa-to-mexico-by-brand/
World Bank (Remittance Prices Worldwide), and FXC Intelligence, and Statista. "Total Average Cost of Sending 200 U.S. Dollars worth of Remittances between United States and Mexico as of 1st Quarter of 2024, by Remittance Instrument." Statista, Statista Inc., 6 Jul 2024, https://www.statista.com/statistics/1473626/cost-sending-low-value-remittances-usa-to-mexico-by-brand/
World Bank (Remittance Prices Worldwide) & FXC Intelligence & Statista, Total average cost of sending 200 U.S. dollars worth of remittances between United States and Mexico as of 1st quarter of 2024, by remittance instrument Statista, https://www.statista.com/statistics/1473626/cost-sending-low-value-remittances-usa-to-mexico-by-brand/ (last visited January 04, 2025)
Total average cost of sending 200 U.S. dollars worth of remittances between United States and Mexico as of 1st quarter of 2024, by remittance instrument [Graph], World Bank (Remittance Prices Worldwide), & FXC Intelligence, & Statista, July 6, 2024. [Online]. Available: https://www.statista.com/statistics/1473626/cost-sending-low-value-remittances-usa-to-mexico-by-brand/
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