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TransferWise changes name to Wise

wise.com

221–230 of 230 posts

Re: TransferWise changes name to Wise

#221

"Horror" stories abound in this thread (of course, all is relative; first world problems; etc). My view is mostly that customer service is broken. Everywhere. A few days ago I wrote and published a "corporate memo" where I make the case that a company such as Stripe could tackle this problem and solve it [0]. I really hope that someone will eventually find a way to provide proper customer service, without resorting t…

I'm not sure if you're directing this comment at TransferWise or at companies in general, but I'll reply from TransferWise's point of view - Disclaimer, I'm an engineer at TransferWise, but this is my own opinion. TransferWise takes customer support extremely seriously with an in-house team of support reps who are trained in all of our features. On top of that each team may have one or more CS "champions" who are the…

It's interesting to see your take on how things work however from reading around it would appear that Wise is pretty trigger happy to terminate accounts and almost anti crypto.

It's interesting to see things like https://jimmymow.medium.com/announcing-strike-global-2392b90... and https://pagofx.com/

Re: TransferWise changes name to Wise

#222

Earlier quoted context omitted.

Could you explain how this works, or point me in the right direction on what to read? I'm interested in not using Transferwise as much if this is better.

https://www.interactivebrokers.com/en/index.php?f=759 You'd open up a trading account, deposit funds from one country to it (generally free in EU/UK, can be done with a simple bank transfer, though can take 1-3 business days). Rather than the common use case of a brokerage account to buy stocks/invest, you place an order into their IdealPro order book they run to buy the currency you want (might have to jump through…

In some countries you'd have to include it in your tax reports of your are using this method. An additional thing to take care of

Re: TransferWise changes name to Wise

#223
post #7

Earlier quoted context omitted.

One in the US is that you cannot use a borderless account for ACH transactions initiated by the counterparty (despite it presenting the details that make it look like you can).

If you're saying that people can't transfer money into your account via ACH, then that's not true. Being paid by a client is a specific use they describe.

The opposite is what I am describing. I.e I cannot (read: could not last time I tried it, about 2 years ago) pay rent using TransferWise, upon entering the routing code and account number.

Re: TransferWise changes name to Wise

#224

Earlier quoted context omitted.

You’d be surprised how rich a society can be with a high IQ demographics, low taxes (I.e. barriers), and free enterprise. In Europe, landlocked no-oil Switzerland is a good example of this.

The things you mentioned aren't what make Switzerland a rich society. In my experience living here, it is the strong social security net (70% of your previous wage if unemployed), high minimum wage (up to 25$/hr in some areas), and general workers rights/protections.

> high minimum wage (up to 25$/hr in some areas)

"some areas" is doing a lot of heavy lifting in this sentence of yours. First of all, there is no Federal minimum wage, it is Cantonal. Second of all, the minimum wage of 20CHF only exists in 2 Cantons: Jura and Neuchatel. Third of all, once you PPP adjust that number, it's equivalent to about $10 USD/hour.

https://en.wikipedia.org/wiki/List_of_countries_by_minimum_w...

Re: TransferWise changes name to Wise

#225

I love transferwise, depend on it often. I don't get the rebrand, their old name was descriptive, easy to google, and from all perspectives really good. The rebrand won't change me using it, but I really can't see the positive in this.

Prediction: zero negative will come out of the name change or redesign, and three years from now they'll be bigger than ever. I'm long on them and they haven't even IPO'd yet. Can't wait for them, and Stripe. Seriously, have you ever seen a rebrand negatively affect a product? Rebrands have to be thought about retrospectively: you need to think whether it would make sense to go from the new to the old. Number26 for e…

> Seriously, have you ever seen a rebrand negatively affect a product?

Buy.com switching to Rakuten.com comes to mind.

Re: TransferWise changes name to Wise

#226

Someone didn't do their trademark research. Out on the east coast US (like NYC metro) anyone hearing the name Wise isn't going to think 'transfer service', they are going to think potato chips: https://www.wisesnacks.com

Trademarks have 40+ categories. Look up how many trademarks with the word "acme" in them can happily coexist.

Re: TransferWise changes name to Wise

#227

I wish they had the capability to issue virtual card numbers. I don't even need temporary ones, just want the capability to segregate my spending into separate accounts.

Virtual Cards can help you pinpoint which of your service providers got hacked, plus minimise the amount of OTHER services you need to update payment details for, after a card number going AWOL

Re: TransferWise changes name to Wise

#228

Earlier quoted context omitted.

> I religiously send a the same (about 5k USD) to my home country every month Good lord, how much money do you people make in the US?

Well, that's almost enough to match the median household income in the US ($68k) so you probably don't want to extrapolate too far from what they make.

I guess I should have said "how much money do you _programmers_ make in the US", I suppose

Re: TransferWise changes name to Wise

#230

The logo is very bad. Different angles for different letters? It's comically bad. (is it flatter S supposed to remind you of bank wire s) ? Also, top Google search is this: https://www.wise.us/ Unbelievably bad rebrand, shockingly so Naming collisions is such an ugly state of affairs

i think this is a genius rebranding considering the similarity of the word Wise to Visa.
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