Seriously one of the best ways to pay your overseas workers!
November 07, 2021

Seriously one of the best ways to pay your overseas workers!

Jason Rutel | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User

Overall Satisfaction with TransferWise

I use it to pay my overseas contractors every week. It is the primary way that we pay our workers, and it makes sending their payments a breeze! It's easy for me, and it's easy for them. The important thing in using a payment processor is the ease of use, reliability, and that it saves money for both the employer and the employee. For us, TransferWise is the solution that does all of that.

Pros

  • Ease of Use
  • Low cost of transactions
  • Reliable transfer and timeliness

Cons

  • Setting up a recurring transaction would be great
  • It can sometimes be confusing to choose a type of currency that you are sending and they are receiving in.
  • Low transaction fees
  • Real exchange rates that are transparent
  • Repeatable transactions to my contractors
  • After trying things like Xoom, PayPal, OFX and Payoneer it's saved us loads in fees!
  • Saved tons of time with it's ease of use.
TransferWise beats all the competition on transaction rates, and it's easy to use. I literally have found no drawbacks in using TransferWise to pay my overseas contractors, and they prefer it too. I found it because my contractor recommended it to me, and it's better AND cheaper than the competition.

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

If you are sending money overseas to contractors, it's a fantastic platform that solves the problem. I've been using it for over a year and it's been the best international transfer protocol that I've used. The other important factor is that my contractors don't have to pay high fees and get paid in a timely manner. I haven't found any scenarios for my situation where it isn't a good fit. Perhaps local transfers wouldn't be necessary via the platform.

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