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edit I just noticed it says "global" on the page, so I guess it's possible to send to any country?
Not sure why no one mentions OFX when doing these comparisons. Their rates are good and I don't recall pay any fees on top of them. When I looked into this year ago seemed much cheaper than Wise.
Why is this not available on the website and I need to install an app and enter numbers into my phone?
Everything is an app on the phone now.. I’m not saying there shouldn’t be an app. But running a website is the least common denominator - why would a company forego the basic win?!
A business app on a phone doesn't make much sense because in office you have a computer with a large monitor and a proper keyboard which is more convenient to use than a smartphone's tiny screen.
The flat fee makes it advantageous starting at about $500-600, compared to Wise. So, not for small transfers but nice for businesses paying internationally.
Why is this not available on the website and I need to install an app and enter numbers into my phone?
Everything is an app on the phone now.. I’m not saying there shouldn’t be an app. But running a website is the least common denominator - why would a company forego the basic win?!
That sounds too cheap, in the sense you wont have money to handle things going wrong or KYC stuff etc.
First thing that came to my mind - gonna get sued/shutdown by DOJ for ignoring KYC/AML stuff like every crypto thing that claimed the same.
Am I correct?
I've been using Wise for years and am generally happy with them, but always keeping an eye out for alternatives. Why I didn't find this convincing - Have to download app - wise lets me use a website too, and generally I want to do business banking from my laptop, not my phone - No actual price comparisons and 99% seems unlikely. Wise also gives me the 'google exchange rate'. If you are actually cheaper, then I would…
The website doesn't include anything to reassure me that the service is as reliable (or more reliable) than Wise. There's no social proof. I found the news article with your first annual report and that's quite compelling.
- Add average transfer times so I can see what most people are experiencing when using the service
- Add social proof: positive reviews would be very helpful
- Add real time information about volume
- Shout about your reliability: Wise has reputation that does the work for them, you don't
- Mobile app only is a little concerning too for business usage: I use Wise for business and personal, business on the website, personal on my phone (I can't articulate why but using Wise for business on my phone "feels" wrong)
Use Revolut; Revolut business has fantastic APIs for global realtime transfers.