Visiting Lebanon as an expat or tourist can be amazing, but navigating the ever-changing financial landscape can feel like trying to find your way through a maze – blindfolded. The high USD/LBP exchange rate has left many confused about what currency to bring with them to the country, often arriving with the wrong mix or facing limited access to their USD funds.
The USD Dilemma: Confusion and Costly Solutions
Gone are the days when LBP reigned supreme. Today, USD is the king of daily transactions in Lebanon with more than 80% of total transactions done. Whether it’s rent, groceries, or even a haircut, most people prefer to pay in USD. But bringing enough USD can be a gamble, and relying on traditional methods like withdrawing from ATMs or money transfers from your international bank account comes with a hefty price tag. High withdrawal fees and hidden charges can quickly eat into your precious dollars.
The Painful Reality of USD Transfers:
- Hidden fees: Sending USD to Lebanon through banks or traditional money transfer services often involves sneaky charges and unfavorable exchange rates, leaving you with less money than you intended.
- ATM ambush: Withdrawing cash from ATMs in Lebanon with your international card leaves you with very high withdrawal fees and unfavorable USD conversion rates.
- Store Payments: Paying directly with your international card at stores also exposes you to unnecessary fees and terrible exchange rates.
But worry no more! Purpl is here to shine a light and guide you toward smoother, cheaper, and more secure ways to access your USD in Lebanon.
Purpl: Your USD Lifeline in Lebanon
Your answer to the cash dilemma? Purpl. We offer a simple, secure, and cost-effective way for expats to send money from their international bank accounts directly to their Purpl wallets in Lebanon.
Here’s how it works:
- Send USD with ease: Through our digital remittance partners Paysend and Remitly, you can send money instantly with the lowest sending fees.
- Receive USD instantly: Your funds arrive directly in your Purpl wallet, ready to use or save for later.
- Cash out with zero fees: Forget cash out fees and ATM withdrawal charges! Enjoy instant USD cash withdrawals from over 100 Banque Libano-Française (BLF) ATMs, even without a bank account or card.
Purpl empowers you to:
- Ditch the confusion: Forget the LBP/USD headache and manage your finances with confidence.
- Save money: Say goodbye to insane fees and keep more of your hard-earned dollars.
- Access your money instantly: No more waiting for transfers or dealing with paperwork. Your USD is at your fingertips.
- Enjoy the convenience: Cash out effortlessly with Purpl’s large cash out network and user-friendly app.
Don’t let the currency chaos hold you back from enjoying your visit to Lebanon.
Download Purpl today and start sending and receiving your USD hassle-free! Our support team is here to help you every step of the way!
Bonus tip: Share this blog with expats you know. Help them be better prepared for their visit to Lebanon.
Written by: Maria Sawaya
