Ileero Remit Review: Quick Money Transfer or Scam?

Ileero is promising to offer users the cheapest and quickest way to send money to and from Nigeria.

The remittance service also has the option to send money to many other countries in Africa and Asia.

In this review, we want to take a look at some of the notable features of Ileero remit, especially it's money-making features, to ascertain if it's worth the hustle.

If you're considering to start using Ileero remit either as a remittance service or as a means to make a side income, then this review will help you make a decision.

Let's get right to it.

How does Ileero Remit work?

Ileero remit is a remittance service that operates in the UK, Africa, and Asia. Using their service, users can send money from the UK to Nigeria, Ghana, Uganda, Kenya, Tanzania and India.

The service is available via their website, mobile app, and agent locations globally.

Ileero remit works just like a typical remittance service where a sender transfers money internationally to a receiver in one of Ileero remit operational country.

The transfer fee for each transaction is paid by the sender.

Is Ileero Remit Real or fake?

According to their website, Ileero remit is registered in the UK as Ileero Pay Limited.

I did a quick search and discovered that the company was indeed registered in the UK according to the UK Companies House.

However, the company seems to have 2 Business names registered on the same address:

Ileero Pay Limited

Company number: 12613378
Office Address: 34 St Andrews Close, Se28 8nz, London, London, England, SE28 8NZ
Incorporation: 2020
Nature of Business: 82990 - Other business support service activities not elsewhere classified

Ileero Limited

Company number: 12334747
Office Address: 34 St Andrews Close, Se28 8nz, London, London, England, SE28 8NZ
Incorporation: 2020
Nature of Business: 62020 - Information technology consultancy activities

70229 - Management consultancy activities other than financial management

From the above, it is clear that the company's declared nature of business and their current operations are at variance.

Nowhere did the company's registration show that they are a payment service business or a company that offer international remittances.

So, it's important to thread with caution when dealing with Ileero remit and their service providers.

How can you get started with Ileero Remit?

To get started using Ileero remit, simply log on to their website and app, and register an account.

To become an agent or an affiliate of Ileero remit, you have to first sign up on the site before going through the Ileero remit onboarding and training.

How can You Make Money With Ileero Remit?

You can make money with Ileero remit either as an affiliate or an agent.

As an Ileero remit affiliate, you can earn up to £2.99 per referral if your referral signs up and makes their first transfer.

As an agent, you need to have a physical location where users can access the service, a computer with stipulated specifications, and internet connection.

Ileero remit provides agents with their agent service software from where they can offer remittance services for walk-in customers.

Ileero remit agents earn commissions on every transfer fee paid by customers. Agents are able to view Ileero remit commission structure once they are onboard the agent service platform.

Is Ileero Remit Legit or Scam?

I can't say for sure if Ileero remit is a legit remittance company or a scam.

However, I have my reservations as the company's official registration information is at variance to their actual operations.

So, it's important to do your own due diligence before using their services or referring other people to use Ileero remit.

I would give them a benefit of the doubt though, as most startup companies start out with generic business names before straightening out their legal status after gaining some traction.

Hopefully, Ileero remit is not an exception.

Positives about Ileero Remit

For me, the biggest positive thing about Ileero remit is the referral fee.

Of course, I'm always looking to make money. So, £2.99 per referral is a very impressive commission to earn.

If you consider that almost no affiliate marketing company in Nigeria pay you up to £2.99 which is the equivalent of about 6,000 Naira, then you'll understand how lucrative it is to be an affiliate of Ileero remit.

10 referrals give you 60k Naira, and 100 referrals give you 600k Naira.

Cool eh?

Negatives about Ileero Remit

The only negative about Ileero is that they are quite new and I don't see why customers will use their service instead of the existing alternatives.

Yes, they claim to be cheaper in terms of fees. But the question to ask is, are customers in this industry price sensitive? I don't think so.

Also, from their business registration details available to the public, there is no alignment between the service they claim to be offering and what they are actually offering in reality.

So, make of that what you will.