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Great to manage online payments from enterprises for a SAAS product in USD
May 22, 2021

Great to manage online payments from enterprises for a SAAS product in USD

Bhavya Aggarwal | TrustRadius Reviewer
Score 8 out of 10
Vetted Review
Verified User

Overall Satisfaction with TransferWise

TransferWise has made it very easy to manage USD payments from companies around the world and also managing payouts to employees/ contractors. Incredibly helpful, fast, and easy to use. The transfer fees and conversion rates are nominal and the process is very easy to manage.
  • International transfers.
  • Integrations with Stripe/Quickbooks to plan would be nice to have.
  • Easy transfer and management in USD.
  • Saved money on accepting payments outside of Canada.

Do you think Wise delivers good value for the price?

Yes

Are you happy with Wise's feature set?

Yes

Did Wise live up to sales and marketing promises?

Yes

Did implementation of Wise go as expected?

Yes

Would you buy Wise again?

Yes

Suitable for receiving and sending large payments online in different currencies. We use stripe for smaller payments, but the transaction fees are very high for amounts more than $1000. For larger payments also, TransferWise charges a flat fee. Unfortunately, when sharing the transfer details with some companies, they do not accept them as a recognized bank—worked in most cases.