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Wise refuses to let us access our $60k AUD

hey.paris

31–40 of 156 posts

Re: Wise refuses to let us access our $60k AUD

#31
post #24

wise seems to be managed rather unprofessionally. An ex-girlfriend of mine used to work there and once joked about some of my transactions. It was all in good humor and nothing sensitive was involved, but it raised a serious concern for me: how can a random employee access anyone’s account, is that SO common? It feels like there's zero privacy

Will she agree with your assessment of her as a "random employee?"

Re: Wise refuses to let us access our $60k AUD

#32
post #3

[flagged]

What?

the permissionless aspect of using crypto allows consumers and businesses to transact without worrying about a payment processor shutting them down. some crypto is permissioned though

many people say crypto is a solution looking for a problem, as they are comfortable with an alternative to every crypto use case someone might have. such as instant and fast cross border payments. and then the problem surfaces.

Re: Wise refuses to let us access our $60k AUD

#33
post #11

I’ve had all kinds of little annoying issues with Wise that cause me to be trapped in circles, but nothing this serious. Support is truly the thing that separates the wheat from the chaff. Everything is hunky-dory when it works, and the moment there’s a problem, you’re suddenly stuck in the Barbican at 3am with no signs, no lights and nobody to talk to.

> Support is truly the thing that separates the wheat from the chaff.

Yes, absolutely. True in any industry, and especially in ones like this.

Re: Wise refuses to let us access our $60k AUD

#35
post #16

What's the alternative?

There is no alternative, all financial businesses will freeze accounts under any suspicions. Way to have a degree of mind peace is to have a handful of accounts with funds split across them. If an account gets frozen then it's business as usual pretty much. Takes months for investigations to complete at times.

Re: Wise refuses to let us access our $60k AUD

#36
post #24

wise seems to be managed rather unprofessionally. An ex-girlfriend of mine used to work there and once joked about some of my transactions. It was all in good humor and nothing sensitive was involved, but it raised a serious concern for me: how can a random employee access anyone’s account, is that SO common? It feels like there's zero privacy

Worked for a large payment provider (online checkout mainly), we logged all purchases including items, personal email and other details. All engineers could access this log, found out by searching for my email.

Re: Wise refuses to let us access our $60k AUD

#37
post #5

Earlier quoted context omitted.

Good news, actual banks in many countries also do the same thing.

It's easier to get justice from a local bank in your country, or to at least talk to a real person face to face than from PayPal Luxemburg or wherever they're located.

>It's easier to get justice from a local bank in your country, or to at least talk to a real person face to face than from PayPal Luxemburg or wherever they're located.

Is it, really?

It would not matter to the local court where PayPal's HQ is.

PayPal needs to be licensed in your country to handle money transfers. They can lose the right to operate in your state if they aren't compliant with the laws.

In the US, the licenses are required even on the state level: e.g., here are the requirements for California Money Transmitter License:

https://www.jwsuretybonds.com/states/california/money-transm...

Fraud and theft are one fun way to lose such a license.

Re: Wise refuses to let us access our $60k AUD

#38
post #29

Earlier quoted context omitted.

Are you confusing Wise with Stripe, where he used to work?

No, I'm talking about Wise. I was falsely accused of some stuff, my account was locked, and they were ignoring all communications even as I tried to prove my innocence. @patio11 helped me escalate and we had it resolved really quickly. I'm also a Stripe user, but I never had a problem there.

Hope he got paid for this service...

Re: Wise refuses to let us access our $60k AUD

#40
post #2

This is a familiar situation. I run a SaaS platform where I sell plugins for WordPress. Recently, my PayPal account was suspended, and a balance of €80,000 was frozen. The stated reason is a violation of the Terms of Service. However, no specific explanation has been provided — neither what rule I allegedly violated, nor how I violated it. I’ve searched through the lengthy documentation, but without clear guidance, t…

I am genuinely surprised to find out that some people leave large sums of money in these types of non-bank services. Why don’t people move the money out? Is it too much trust of the competence of these organisations?
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