Higlobe.com Review

Based on looking at the website Higlobe.com, it presents itself as a financial platform focused on facilitating USD transfers for global businesses and professionals, particularly freelancers and remote contractors. The site emphasizes “lowest cost guaranteed” for transfers and offers features like a free USD receiving account, instant withdrawals, and a prepaid USD card. While the service aims to simplify cross-border payments, a crucial aspect for any financial platform, especially from an ethical standpoint, is its adherence to principles that avoid usury riba and excessive uncertainty gharar, which are significant concerns in Islamic finance.

Read more about higlobe.com:
Higlobe.com Review & First Look
Higlobe.com: A Closer Look at its Operational Model
Higlobe.com’s Features: What It Brings to the Table
Higlobe.com Pros & Cons: An Ethical Perspective
Higlobe.com Alternatives: Seeking Ethical Financial Solutions
Does Higlobe.com Work? Operational Efficacy and User Experience
Is Higlobe.com Legit? Scrutinizing Credibility and Trust Factors
Is Higlobe.com a Scam? Evaluating Financial Practices and User Trust
How to Cancel Higlobe.com Services or Account (Hypothetical Based on Industry Standards)
Higlobe.com Pricing: Understanding the Cost Structure
higlobe.com FAQ

The website prominently displays features like “3% earnings on your earnings” with “3% annual rate, accrued daily, paid weekly on your Higlobe balance.” This particular feature, described as “Higlobe Earn,” raises immediate concerns regarding riba. In Islamic finance, earning a fixed percentage return on money stored or deposited, without a clear, underlying Sharia-compliant business transaction that involves genuine risk-sharing and asset-backed activities, is generally considered interest riba and is strictly prohibited. The language “earnings on your earnings” and “annual rate” strongly suggest an interest-bearing mechanism, which is fundamentally incompatible with Islamic financial principles.

Furthermore, while the site mentions “lowest cost guaranteed” and competitive exchange rates, the overall business model appears to revolve around facilitating traditional financial transactions, including what seems to be interest-based earning.

The absence of clear disclosures on how these “earnings” are generated in a Sharia-compliant manner, or any explicit commitment to ethical finance that avoids interest, makes it highly problematic for individuals and businesses seeking to adhere to Islamic principles.

Here’s an overall review summary:

Overall Review Summary: Higlobe.com

• Service Offering: Global USD transfers, free USD receiving account, instant withdrawals to local banks, prepaid USD card, payment requests, platform connections Rippling, Deel, Upwork, Fiverr, direct Higlobe user payments, bulk payroll.
• Target Audience: Freelancers, remote contractors, businesses selling goods/services internationally e.g., Etsy, local tourism businesses.
• Key Claims: Lowest cost guaranteed, near-instant transfers, no transaction fees, no minimums 24/7.
• Concerning Feature: Higlobe Earn offering “3% annual rate, accrued daily, paid weekly on your Higlobe balance.” This feature strongly indicates an interest-bearing account, which is forbidden in Islamic finance riba.
• Security & Compliance Claims: SOC 2-compliant payment platform, $20,000 warranty against losses.
• Transparency from homepage: Limited details on the exact mechanics of fund handling and how the “3% earnings” are generated beyond the explicit mention of an annual rate on balance. No explicit Sharia compliance declaration.
• Ethical Standpoint Islamic Finance: Not Recommended. The “Higlobe Earn” feature, which appears to be interest-based, renders the platform incompatible with Islamic financial principles. Any engagement with such a service would be considered participation in a riba-based transaction.
• Website Presence: The website is well-designed, professional, and provides a decent overview of its features. It includes testimonials and links to social media. However, critical information regarding the true nature of its financial mechanisms, particularly the “Earn” feature, requires deeper scrutiny beyond what’s immediately apparent on the homepage.
• Missing Trust Elements from the homepage: While it mentions SOC 2 compliance and a warranty, deeper insights into specific regulatory licenses in different jurisdictions, comprehensive privacy policy details beyond cookie preferences, and a clear, detailed legal/terms of service section are not immediately prominent or easily discoverable from the main page, which is crucial for a financial platform. Contact information is primarily a WhatsApp chat and a meeting booking link, lacking a direct phone number or physical address for immediate support.

Given the explicit mention of an “annual rate” on balances, Higlobe.com engages in what appears to be an interest-based system, which is unequivocally against Islamic financial principles.

For individuals and businesses committed to ethical financial practices, this platform presents a significant concern. higlobe.com FAQ

The pursuit of “lowest cost guaranteed” and “instant transfers” should never come at the expense of adherence to divine principles.

While the platform might offer efficiency and cost savings in a conventional sense, its engagement in riba makes it an unsuitable choice for those who prioritize Sharia compliance.

The long-term consequences of engaging in riba are severe, both in this life and the hereafter, leading to a lack of blessing in wealth and spiritual detriment.

It is always advisable to seek out alternatives that are explicitly Sharia-compliant and transparent in their operations, ensuring that all earnings and transactions are permissible.

Find detailed reviews on Trustpilot, Reddit, and BBB.org, for software products you can also check Producthunt.

IMPORTANT: We have not personally tested this company’s services. This review is based solely on information provided by the company on their website. For independent, verified user experiences, please refer to trusted sources such as Trustpilot, Reddit, and BBB.org.

Best Alternatives for Ethical Cross-Border Payments:

When it comes to ethical cross-border payments and managing funds without engaging in interest-based transactions, the focus shifts to services that facilitate fee-based transfers, direct payments, or utilize Sharia-compliant financing models though the latter is less common for simple payment platforms. Here are some alternatives that, while not always explicitly “Islamic finance” certified for every feature, offer core payment services that can be used in a permissible way i.e., paying a fee for a service rather than earning interest on balances or taking interest-based loans. Users should always verify the specific terms and conditions of any service to ensure complete compliance.

1. Wise formerly TransferWise

   • Key Features: International money transfers with mid-market exchange rates, multi-currency accounts, debit cards for spending in different currencies. They operate on a fee-based model for transfers, making their core service permissible as it avoids interest.
   • Price: Transparent, upfront fees per transfer, which vary based on currency and amount.
   • Pros: Very competitive exchange rates, transparent fee structure, fast transfers, widely available, excellent for freelancers and businesses with international clients.
   • Cons: While the transfer service is generally permissible, holding large balances in interest-bearing bank accounts which Wise uses for local accounts could raise minor concerns for some strict interpretations, though Wise itself does not pay interest on balances.

2. Payoneer Higlobe.com Pricing: Understanding the Cost Structure

   • Key Features: Global payment solutions for businesses and freelancers, including receiving payments from international clients and marketplaces, mass payout services, and a prepaid Mastercard. Their model is generally fee-based for transactions and withdrawals.
   • Price: Varies by service e.g., receiving payments from certain networks, withdrawals, currency conversion fees.
   • Pros: Ideal for receiving payments from platforms like Upwork and Fiverr, broad global reach, supports various currencies, good for businesses needing to pay international staff.
   • Cons: Fees can sometimes be less competitive than Wise for smaller transfers. balances held in accounts do not earn interest, which is good for Sharia compliance but means no “earnings” on idle funds.

3. Stripe

   • Key Features: Comprehensive payment processing for online businesses, allowing businesses to accept payments from customers worldwide via credit cards, debit cards, and various local payment methods. Focuses on transactional fees.
   • Price: Percentage-based fees per successful transaction, plus a small fixed fee.
   • Pros: Highly robust and scalable for online businesses, supports a vast array of payment methods, strong developer tools, direct integration into websites.
   • Cons: Primarily a payment gateway, not a peer-to-peer transfer service like Wise or Payoneer. may be overkill for simple individual transfers. The core transaction processing itself is generally permissible.

4. Remitly

   • Key Features: Specializes in international money transfers, often with options for cash pickup, bank deposits, and mobile money. Offers competitive rates for remittances to specific corridors.
   • Price: Fees vary by destination, amount, and delivery speed.
   • Pros: Excellent for sending money to family members or individuals internationally, often has promotional rates for new users, transparent fee structure.
   • Cons: Less suitable for business-to-business transactions or receiving ongoing payments from platforms. focuses more on person-to-person remittances.

5. Veem

   • Key Features: Global payments network for businesses, offering sending and receiving payments to and from over 100 countries. Integrates with accounting software. Operates on a transaction fee model.
   • Price: Often offers zero fees for bank-to-bank transfers in certain corridors, with fees for other methods or expedited services.
   • Pros: Designed specifically for business payments, simplifies international invoicing and reconciliation, good for managing vendor payments.
   • Cons: May have fewer personal transfer features compared to others.

6. OFX

   • Key Features: Specializes in larger international money transfers for individuals and businesses, offering competitive exchange rates and personalized customer service. They do not charge transfer fees on most transactions, relying on exchange rate margins.
   • Price: No transfer fees, but their margin is built into the exchange rate.
   • Pros: Excellent for larger transfers, 24/7 customer support, can set up forward contracts though care must be taken to ensure Sharia compliance with such financial instruments, focusing on spot transfers is safer.
   • Cons: Minimum transfer amounts often apply, which might not suit very small payments.

7. Xoom A PayPal Service

   • Key Features: Simplifies international money transfers for individuals, allowing sending money for cash pickup, bank deposit, or home delivery. Offers a quick and user-friendly interface.
   • Price: Fees vary by amount, destination, and payment method.
   • Pros: Backed by PayPal, offering a level of trust. convenient for sending money to many countries, user-friendly interface.
   • Cons: Primarily for personal remittances, not designed for complex business payment needs. exchange rates and fees might not always be the most competitive for larger transfers.

These alternatives primarily focus on fee-based models for facilitating transfers, which is generally permissible in Islamic finance as long as no interest is involved in the holding of funds or the financing of the service itself.

Users should always perform due diligence to ensure specific features or incidental benefits do not inadvertently involve prohibited elements.