Sending money to Venezuela at The Parallel Rate

Venezuela has a very active market for the exchange of foreign currency, commonly referred to as the “parallel dollar.

It is well known that black market foreign exchange markets are an important component of the economies of many developing countries. Goverment restrictions on the free trad of foreign currencies create dual foreign exchange rate systems, black market and official. The resulting differentation in official and black market exchange rates creates incentives for diverting export revenues from the official foreign exchange rate system to the black market.

As a matter of fact, if you decide to travel to Venezuela with US Dollars in cash and you want to exchange your money in a local bank, hotel lobby, or currency exchange agency, you will get the Official Rate. Moreover, when you sweep your credit cards in Venezuelan hotels, stores, or any point of sale, you will be getting less than one-third Bs. for your US Dollars, since your US dollars are exchanged at the Official Rate,. This also applies when you want to make a wire transfer from a foreign bank to a Venezuelan Bank ....

Integrity Pay allow you to send money to Venezuela at the parallel (“Black Market”) rate from any country through wire transfers from US Banks or Western Union to receive Bolivars and those Bolivares will be deposited in a Venezuelan bank account of your preference.

Contact our representative in your country.
Agree with our representative the amount of US Dollars you want to send to Venezuela.
Our rerpresentative will let you know the black market exchange rate for that particular day.
You will need to give us the following information:
- Name of the bank in Venezuela, where you want to receive your money..
- Venezuelan Bank Account number (20 digits).
- Beneficiary Account Name in the Venezuelan bank
- Beneficiary id number ("Cedula")
You can make a wire transfer to our US bank accounts and we also have offshore accounts available
You can deposit (cash only) in any of our bank accounts in the US (several convenient locations throughout the country)
Send money to our US accounts through Western Union (Sent direct to bank) Wester Union website .
Our representatives will provide you with all the information you need to get started.
Once we have confirmed your deposit we will notify you, and allow up to three working days to receieve your deposit in the account that you provided us.