Go Global Ecommerce vs. Wise

Well Suited:

• For brands that work with any eCommerce platform, GGE integration is flexible to all Shopify/Magento/any other

Less appropriate:

• GGE is expensive for smaller clients with business in only 1 country. MoR is profitable when employed for multiple country businesses.

For a small business looking to expand internationally, transferwise offers lower admin fee and no hidden fee which is very important. It also remove the hassle and headache of setting up accounts with the local banks. Other than the low fees, the best part is we can use transferwise safely with a peace of mind as it is being regulated by the MAS. Lastly, any small business can set up their transferwise account within minutes which is very convenient

Incentivized

• Good Project coordination with us and our clients
• One of our trusted and reputed partner, taking care of all compliances.

• Quick - because funds are transferred domestically, even when going international, you don't have to wait long.
• Easy - the printout of what information I needed to give the sending bank was complete and easy to understand.
• Affordable - the fees on both ends were minimal.

Incentivized

• As a Merchant of Record, Go Global Ecommerce ensures compliance with all regulations specific to the countries and regions where the transaction is being made: Managing transactions, preventing fraud, handling refunds, cancellations, chargebacks, global payments, billing and mitigating risks.

• For large money transfers, the tax is a bit expensive so it would be nice if that was adjusted or if there was some economy of scale.
• Ability to schedule recurring transfers could be useful.
• Be able to transfer money by using a mobile phone number, like with Mobile Pay or Bizum, when the sender and receiver of the money are in different countries.

Incentivized

We haven't really had to engage with TransferWise support. The platform is simple and easy to use.

Incentivized

• Less complexity to integrate
• Very competitive pricing

We considered PayPal payment, ACH bank transfer, and simply mailing a check. TransferWise's fees were much lower than PayPal and our bank. Postage might have been less than TransferWise's fee, but payment could have taken more than a week rather than hours (or days in the case of a new payee).

Incentivized

• Go Global is a synergic partner of Scalapay - They help our clients sell more, helping us grow too at the same time.

• We can save around 5% on our transfer fees
• The online account management is easier than going into banks personally
• There's no negative impact...