Overall Satisfaction with TransferWise
We occasionally contract with theatre teachers who are based overseas to provide Zoom classes. We needed to find an affordable and efficient option to pay these teachers. So far, we have only used TransferWise to pay an instructor in the U.K. Ease of setup, low fees, timely completion of the transaction, and a favorable exchange rate were major decision criteria.
- Ease of setup.
- Low fees.
- Timely completion of transactions.
- Favorable exchange rate.
- More clarity on time required to verify a new payee's banking information.
- Discount for nonprofit organizations.
- Notification when transaction is accepted by the payee's bank.
- Ease of use.
- Low fees.
- Good exchange rate.
- Enabled us to contract with an internationally-acclaimed teacher to provide actor training.
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).
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