BOSS Money is a mobile app and online platform for sending money internationally from the United States. It’s part of the BOSS Revolution brand, operated by IDT Corporation, a publicly traded company that also offers international calling and mobile top-up services. The platform lets you transfer funds to recipients in over 50 countries across Latin America, Africa, Asia, and Europe.
How BOSS Money Works
You start a transfer through the BOSS Money app or website by entering how much you want to send, choosing a destination country, and selecting how your recipient will receive the funds. The platform supports five delivery methods:
- Cash pickup: Your recipient collects the money at one of thousands of partner locations in their country.
- Bank deposit: Funds go directly into the recipient’s bank account.
- Mobile wallet: Money is sent to a mobile money account, which is especially common in parts of Africa where mobile-based banking is widely used.
- Direct to debit card: The transfer lands on the recipient’s debit card.
- Home delivery: A courier delivers cash to the recipient’s door, available in select countries.
Not every delivery method is available in every country. The options you see depend on the destination you choose. Supported countries include Mexico, Guatemala, Honduras, El Salvador, Colombia, the Philippines, Nigeria, Ghana, Kenya, Ethiopia, Haiti, the Dominican Republic, Jamaica, Pakistan, Nepal, Bangladesh, and dozens more across Latin America, the Caribbean, West Africa, and parts of Europe.
Fees and Exchange Rates
BOSS Money charges a fixed transfer fee that varies based on the destination country, the amount you’re sending, and the delivery method. The platform positions itself as a lower-cost alternative to traditional bank wire transfers, which often carry fees of $25 to $50 or more per international transaction.
Beyond the upfront fee, the company also makes money on the currency exchange. When your dollars are converted into the recipient’s local currency, there’s a margin built into the rate. The platform displays the exchange rate and total cost before you confirm the transfer, so you can see exactly what your recipient will get. This transparency is a step up from banks that sometimes bundle exchange rate markups into the transaction without clearly breaking them out.
To get the best deal on any given transfer, it’s worth comparing the total cost (fee plus exchange rate) against other remittance services for your specific corridor. A service with a lower fee might offset that with a less favorable exchange rate, and vice versa.
Who Uses BOSS Money
The platform is designed primarily for immigrants and workers in the United States who send money home to family members abroad. These transfers, known as remittances, are a significant financial lifeline in many developing countries. BOSS Money competes in this space alongside services like Remitly, Wise, WorldRemit, and Western Union.
The BOSS Revolution brand has a long history in immigrant communities through its international calling cards and phone services, so many users already know the brand before they start using the money transfer feature. The app bundles calling, mobile top-ups (adding airtime to a phone in another country), and money transfers into one platform.
Is BOSS Money Safe?
BOSS Money operates under IDT Corporation, which is publicly traded on the New York Stock Exchange. IDT holds money transmitter licenses in 48 of the 49 U.S. states that require one, plus Puerto Rico and Washington, D.C. The company is also registered as a money services business with FinCEN, the Financial Crimes Enforcement Network within the U.S. Department of the Treasury. These licenses mean the company is subject to federal and state regulatory oversight, including requirements around consumer protection, anti-money laundering compliance, and financial reporting.
IDT also operates a licensed bank subsidiary in Gibraltar, regulated by the Gibraltar Financial Services Commission, which supports some of its international operations.
How to Get Started
You can download the BOSS Money app on iOS or Android, or use the website at bossmoney.com. Setting up an account requires basic personal information and identity verification, which is standard for any licensed money transfer service. Once verified, you can fund transfers using a bank account, debit card, or credit card, though the funding method may affect the fee. Most transfers are completed within minutes for cash pickup and mobile wallet options, while bank deposits can take one to three business days depending on the destination country’s banking system.