I said goodbye to scam exchangers, a Raenest app story

N500/$ is the rate I’ll use to exchange the funds. Na my account you take collect am.”

If you’ve freelanced since the days of oDesk and Elance, you’ll recognise this. It’s what so-called exchangers say to freelancers trying to receive payments from clients worldwide.

Some exchangers are honest, but many are crooks. They take a large cut of freelancers’ earnings or scam them entirely. It’s shocking!

I fell victim for years. Freelance platforms then updated to allow direct deposits to Africa. FinTech companies like Raenest emerged, enabling us to be paid in any currency.

Raenest has addressed the scammer-exchanger issue with popular ACH accounts and useful virtual cards.

Here are five reasons why I believe they will continue to thrive:

Timely Free Deposit Offers: I’ve signed up with other fintech companies, but none have offered free payment deposits. My ‘grey’ matter just doesn’t have any memory of it 🙂


Since joining Raenest, I’ve received many free deposit offers. FinTechs usually charge fees for operational costs and regulations. But with Raenest, my USD, GBP, or EUR deposits periodically come in full, with no fees.

This shows their commitment to helping global earners keep every cent. I think it’s their most thoughtful ‘gift’ and one of the things I love about the them.

Cross-border Payments: The distance between Europe and Africa is about 14 kilometers. Although people like Pelumi Nubi have crossed the borders using just their cars, 14km is still a far stretch. Let’s not even fact-check the for America to Africa. Yet, we can send and receive money without traveling that distance! Whether you’re a freelancer or a business in Africa needing payments from the UK, US, or China, Raenest has you covered.

Stablecoin Integration: Many freelancers want to earn in coins like Ethereum or Tron to handle exchange rate changes. Raenest surprised everyone by announcing stablecoin accounts!

If you have a USD account, you can easily create a stablecoin wallet. Receive payments in USDT or USDC with competitive exchange rates. Exciting, right? 🤭

Virtual Cards: Using a virtual credit card has never been cheaper. With Raenest, you can get a virtual card for at a low fee. Fund it easily and use it for subscriptions, courses, or ads!

Bella’s Exclusive Perks: Raenest has launched ‘Raenest Perks’. This offers special discounts for freelancers and business owners. Whether you need groceries or the latest Adidas shoes at 15% off, Raenest is your go-to.

In conclusion, business development is key to success. Raenest understands its customers and continues to develop strategies to meet their needs.

If you’re a freelancer, content creator, or running a business in Africa, visit Raenest today at www.raenest.com. Enjoy hassle-free payments and send money to over 40 countries!