Wise (formerly TransferWise) Review: How I Saved Over $2,000/Year in Banking Fees
Wise vs PayPal
Wise (formerly TransferWise) is the best money transfer app with the cheapest way to send money internationally (and conversely, to receive money from overseas).
PayPal International Fees
With PayPal, international transfers involve fees coming and going.
Wise Fees You can receive payments in 9 currencies as if you are a local. This makes the transfer easy for your payor, and free for you.
With Wise Every time I transfer money from TransferWise to my local bank account, they show me exactly how much money I’m paying in fees.
Case Study Time! The Best Way to Transfer Money Internationally
Here's the Difference between Receiving International Payments with PayPal and Wise (formerly TransferWise)
– With PayPal, I pay $64.84 USD in fees. (Incl. hidden currency conversion) – With Wise, I pay $4.88 USD. – There's also a workaround if you MUST be paid via PayPal.
For every $1,000:
Wise for Business
Avoid fees on Stripe.
Send and receive money in multiple currencies.
You can invoice like a local.
Is Wise Safe?