Use Wise if You Work with Clients Abroad

Wise (formerly Transferwise) is a leading fintech company that aims to revolutionize the way international money transfers are conducted. Since its inception in 2011, Wise has accompanied a loyal following of over 10 million people and businesses, including the writer of this review, myself.

If you have been using services like Western Union and Moneygram but are hearing about Wise for the very first time, you are in for a treat because once you start using it, you will not go looking for something else; you will likely find it hard to switch to another provider.

One of the standout features of Wise is the amount of money you can save on transaction fees; it is absolutely remarkable. On top of that, you can hold multiple currencies in your Wise account, which makes it convenient to receive funds from overseas clients. If a client in the UK wants to send you money in GBP, you can simply provide them with your Wise GBP account information and receive the funds instantly as if they are sending funds locally. And because Wise doesn’t charge exorbitant fees, your client won’t have to worry about hefty charges either. In most cases, the cost is zero.

Sending money to your local bank in your local currency is also easy with Wise, and the company’s fees for this service are very low. Wise doesn’t mark up exchange rates unlike other money transfer providers, so you’ll always know exactly how much you are paying and receiving.

Sending and receiving money between Wise accounts is straightforward, and transferring funds to your local bank account typically takes just 12-24 hours (excluding business days).

If you deal with international payments on a regular basis, Wise is a smart choice that can save you time and money, and I highly recommend giving it a try.