51–60 of 77 posts
Reactions when checking out the homepage: * Huh, that is quite a bit cheaper and I don't love wise * Is it available for US customers? I can't quite tell * Eugh, I don't want to download an app. I'm working on my laptop right now, not my phone. I do 99% of my Wise payments on my laptop Then reactions reading the HN comments: * People noting that 50% cheaper is good but 99% cheaper a concern that it won't last. And th…
Why is this not available on the website and I need to install an app and enter numbers into my phone?
The only thing that I would consider as interesting for attention now is a service that will value me as a customer and not have AI flag transactions I do monthly and then ask me for submission of endless paperwork for aml/Kyc reasons. It’s becoming too much of a burden even though there is 0 cause beyond them trying to cover their asses ‘just in case’.
Comparison tool: https://atlantic.money/gb/en/wise 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.
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…
Revolut is a bit cheaper than Wise for FX changes.
It took me two weeks to get back into the app after switching phones. There's no way to contact support except by logging into the app or by Facebook. Then on Facebook they have an automated system that will close your ticket after 24 hours of you not replying.
I'm on a 12 hour time difference so that happened around four times before I got it solved. I ended up shouting in caps at that them, and I'm not a caps kinda guy. As soon as I got back in I withdrew all funds and closed the account.
Since I've been telling this story I've heard several more horror stories. The worst was a friend who gets paid through Revolut, so it triggered an automated finance checking system and instantly locked his account until he could prove he paid tax. Then the system wouldn't let him upload the docs for several days, support was just as helpful as they were with me. He had no money for five days.
Anyway, why would they do that? He wasn't doing anything illegal, they could have asked him to provide the docs with a week's grace and all would have been well.
Earlier quoted context omitted.
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?!
Because there is - potentially - a lot of money involved and I like to do that sort of thing on an environment that I control. No smartphone here so the web is all I have. Money transmitters are operating in a heavily regulated domain and KYC/AML requirements are going to dominate the discussion, any operator that wishes to be taken serious should list up front what they are going to require and why as well as to sta…
Further, we are profitable on every transfer with Atlantic Money. Our whole infrastructure is built on a different concept, which is why Wise and Co. also cannot offer transfers for the same price without losing it all.
To give you a proof of our work: We transferred £160m ($200m) in our first year for private users, 16x what Wise sent back then.
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.
Reactions when checking out the homepage: * Huh, that is quite a bit cheaper and I don't love wise * Is it available for US customers? I can't quite tell * Eugh, I don't want to download an app. I'm working on my laptop right now, not my phone. I do 99% of my Wise payments on my laptop Then reactions reading the HN comments: * People noting that 50% cheaper is good but 99% cheaper a concern that it won't last. And th…
Web app is in the making!
On a separate note - congrats on the launch, and I hope it does great!