TransferWise Reviews

5 Ratings
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Score 9.9 out of 100

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Reviews (1-2 of 2)

Anonymous | TrustRadius Reviewer
February 15, 2020

TransferWise is the BEST!

Score 10 out of 10
Vetted Review
Verified User
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We use TransferWise to send money overseas or to other clients/vendors here in the US. It makes transferring money in any currency a breeze and allows you to move money without handing over access to the business bank account. In addition, you can even get local banking details to receive funds locally in other countries.
  • International money transfers.
  • Domestic money transfers.
  • Time it takes to complete a transfer.
  • Multi-user/team management.
If you need to make repeated transfers to individuals overseas or domestically, TransferWise is a great solution. The borderless account feature allows you to accept and retain money in foreign currency or easily convert it to your preferred currency.
Read this authenticated review
Marcelo de Vasconcellos | TrustRadius Reviewer
March 12, 2019

Money without borders...

Score 10 out of 10
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I live in Brazil, and sending money abroad has always been a hassle. Besides the bureaucracy, there are these expensive taxes for sending the money. Transferwise solves these problems beautifully. Right now, I am living in the Netherlands as a visiting scholar, sent by my institution in Brazil. Since I receive my monthly payments into a bank in Brazil, Transferwise allows me to effortlessly transfer the money to my Dutch account. The money arrives very quickly and, most importantly, Transferwise's taxes are significantly lower in comparison with those of regular banks. In addition, while in bank transfers you only know the exact value of the taxes after the transaction, in Transferwise the amount is clearly stated from the beginning, avoiding unpleasant surprises.
  • It makes really quick transactions. You can transfer money to any personal account abroad really fast.
  • Transferwise charges very little for their service, in comparison with regular bank transfers and traditional providers as Western Union.
  • It shows the charges for the transaction up front. Such a cost is fixed, avoiding unpleasant surprises afterward.
  • TransferWise (at the time of this review) does not allow one to transfer money to all kinds of business accounts. This can be a limitation for people who want to use it as a way to pay directly for goods and services.
  • Sometimes it has problems with some credit cards. But the most popular types are accepted without problems.
  • TransferWise accepts fewer currencies than other services. But it seems like this is a temporary problem, and the company is making efforts to support transferences to all of the currencies.
TransferWise is a practical way of paying employees abroad.
It can be used to pay for services and goods (but in most cases, the receiver must have a personal account).
Since most of the banks charge a small monthly fee for keeping an account active, TransferWise can be a cheap and fast way to make small transfers, helping people who need to maintain bank accounts in different countries.
Read Marcelo de Vasconcellos's full review

About TransferWise

TransferWise in London offers their international payments solution to rival Paypal, touting better international rates with their borderless accounts.
Categories:  Payment Gateway

TransferWise Technical Details

Operating Systems: Unspecified
Mobile Application:No