Does anyone use Wise.com for banking? So far it is working well for us for bank transfers.
Any feedback would be appreciated.
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Does anyone use Wise.com for banking? So far it is working well for us for bank transfers.
Any feedback would be appreciated.
Wise is a very good service for online banking especially if you need something in the US (like ACH transactions). But gambling transactions are not allowed, so I'd be very careful if you're using to get payment from affiliates or similar stuff. For personal use or investing it's fine, I use it regularly.
Thanks. We have used for personal and investing however this would be the first time we would have used for affiliate payments. Thanks for the heads up.
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Originally Posted by Vargoso
I don't use it myself so far, but I know people who use it and highly praise it and even urge them to sign up for an account.
It is not an option for affiliate payments at least for Canadian Residents .
Works perfectly fine for me with a US LLC for years. EU and US offshore "gambling" payments.
I don't keep any money there. Receive and transfer out asap!
I was thinking to use for receiving payments in the future but looks like this is not a good option
Wise is fantastic. The fees for currency conversion are low compared to other options, and their customer support is highly responsive and attentive. I only encountered an issue once when the recipient of my transfer had a problem with their bank, but the situation was swiftly resolved, and I received a full refund within a few days.
However, considering the previous responses, I must highlight that I have never used it for gambling payments but rather for invoicing and paying for services, so I don't have direct experience using it for affiliate payments.
Wise was great but after the 4th request to answer a ton of questions about why I get certain payments, what services were provided, etc. I gave up. Luckily did not get my account blocked but spent hours answering questions. Lots better than Skrill et al. though :-)
Wise is a great service as a whole. If it is about affiliate/ gambling payments - account can be blocked. They have this policy for years to ask for the "source of funds" or " reasons for using the account"
I can say only positive things about them : fees are pretty low comparing to other services in the industry.
I am also not keeping any money there - receive and withdraw.
Wise is amazing. We do mostly use it for receiving payments from clients and paying the freelancers, but we received some affiliate payments there as well.
Their exchange rates are among the best in the industry, there are zero fees on SEPA payments, and you even receive cashback for the money held in the account.
Their support is also pretty good. Have used Wise for 2+ years now and no issues whatsoever.
Wise are good, very good, until they catch you using it for gambling related transactions, then they close your account. If your lucky and they dont see its gambling then all good. If they catch you, its then a pain in the back side to swap all payment details to new bank, catch sent transactions etc
I don't know why in 2023 some institutions still embrace this silly-rule about gambling transactions. Pubs serve alcohol; some people are alcoholics. Some alcoholics drive when intoxicated and then kill someone. Should there be a blanket-ban on ALL pubs?! See how DUMB this is...Quote:
Originally Posted by allaboutthebets
Hi. I use it sometimes. It charges very low fees for international money transfers.
Hey Dave, long time no speak. Hope all is well. Not been on here for a long time, been here there and everywhere.
But yes........Wise its strange, especially as we deal with huge multinational, licensed operators
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Originally Posted by AussieDave
working well, but a lot of KYC required as long as we started increasing our numbers
Thanks everyone for your feedback on Wise. I will certainly pursue Wise and see if we can use.