Core Insights - A new federal excise tax of 1% on international money transfers funded with cash, money orders, or cashier's checks took effect on January 1, 2026, impacting U.S. consumers who rely on remittances [1] Group 1: Tax Implications - The 1% tax will significantly increase costs for millions of U.S. money transfer consumers who support family overseas [1] - The tax applies only to cash-based transfers, allowing digital transactions to avoid this fee [2] Group 2: BOSS Money App Features - BOSS Money app enables users to send money internationally without incurring the new tax by using debit cards or bank accounts [2] - The app is designed to provide low rates, transparent pricing, and secure technology, enhancing user experience [3] - BOSS Money has received over 110,000 five-star reviews, indicating high customer satisfaction [4] Group 3: Service Overview - BOSS Money offers fast, secure, and reliable money transfers from the U.S. and Canada to various regions including Latin America, the Caribbean, Africa, and South Asia [5] - The service includes multiple payout options such as cash pick-up, mobile money, and direct deposits to bank accounts and debit cards [6] - BOSS Money provides features like real-time transfer tracking, bilingual support, and a referral program that rewards users for successful referrals [6]

Core Insights - BOSS Money, a remittance and payments brand of IDT Corporation, achieved the highest average app store rating among eighteen digital money transfer companies in FXC Intelligence's 2025 customer satisfaction ranking with a score of 4.9 [1][2] - The BOSS Money app received over 100,000 customer ratings, reflecting its ease-of-use and reliability, and it also holds a 4.6 rating on Trustpilot, indicating strong customer satisfaction [2] Company Overview - BOSS Money provides fast, secure, and reliable international remittance services for residents of the U.S. and Canada to various countries in Latin America, the Caribbean, Africa, and South Asia [5] - The service offers multiple payout options, including cash pick-up, mobile money, in-country bank account deposits, and debit card direct deposits [5] - IDT Corporation operates a diverse portfolio of businesses, including fintech solutions through BOSS Money, cloud communications via net2phone, and retail solutions through National Retail Solutions [6] Promotions and Features - New customers of BOSS Money can enjoy two $0-fee transfers on their first two transactions to over 50 countries and five $0-fee transactions when sending money to Mexico [3][4] - The app allows customers to compare foreign exchange rates from leading money transfer providers, ensuring competitive rates and transparency in savings [3]