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Transferwise makes it easy to send payments in foreign currency.
March 23, 2022

Transferwise makes it easy to send payments in foreign currency.

Connie Lovato | TrustRadius Reviewer
Score 7 out of 10
Vetted Review
Verified User

Overall Satisfaction with TransferWise

We use it to pay contractors in foreign currencies. Our banks didn't provide foreign currency payment capabilities.
  • Setup is easy.
  • Clearly indicates rates & fees.
  • Locks in rates for a specified amount of time.
  • It was a little hard to set up with our bank account.
  • Speed
  • Ability to pay in foreign currency.
  • Transferwise has allowed us to utilize services where vendors needed payment in foreign currency.
Transferwise is less expensive.

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?

I wasn't involved with the selection/purchase process

Did implementation of Wise go as expected?

Yes

Would you buy Wise again?

Yes

Transferwise is great if you need to pay contractors or vendors in foreign currency. It's easy to use and pretty quick to get the payment to them. It's less expensive than Bill.com or banking software.