If you travel often between the United States and China and are sick of outrageous foreign currency exchange fees, Swapsy is the solution to all of your problems! On Swapsy, users make peer-to-peer currency swaps with their own e-wallets, including Paypal, Zelle, Alipay and Wechat Pay.
To use the platform, simply verify your ID and provide your e-wallet information. From there, you can initiate a request for a currency swap. Once submitted, your request sits in the queue until you are matched with another verified user who has a corresponding currency demand. Swapsy does not have access to users' e-wallets, so after you are matched up you can swap currencies directly with your match! Swapsy guarantee that you will receive the exchanged currency within 24 hours after making the payment.
In the next few months Swapsy will be launching a student membership program that gives a discount to all students for currency exchange services. They are also working on a "Swapsy Scholarship" program as well, a quarterly writing contest about expat/exchange life in China with a prize of $500 for the first quarter.