transferwise payment bounced

extremedox101

Trusted Member
Business Angel
hi

i sent small amount from tw account to skrill , i just did to test how this works .

i used Skrill swift code for this transfer , i fill payment details with reference number because transferwsie didnt accept their recipient IBAN , that cost me 2 euro .

i have seen the credit in my skrill in 2 days then a couple days later transferwise inform the amount is bounced
is this odd ??
 

extremedox101

Trusted Member
Business Angel
strange, did you asked them what the issue was?
transferwise don't know the reason :Your recipient’s bank couldn’t process your transfer — but they didn’t tell us why.

i didn't ask skrill , i'm trying to be calm cig-:, but it's strange.
 

gonharpia22

Banned User
BANNED MEMBER
Skrill might bounce incoming transfer that aren't coming from a bank account in the name of the skrill account holder. And Transferwise doesn't send your outgoing transfers from your personal IBAN account (that is only for accepting incoming payments), as far as I know.
 

extremedox101

Trusted Member
Business Angel
Skrill might bounce incoming transfer that aren't coming from a bank account in the name of the skrill account holder. And Transferwise doesn't send your outgoing transfers from your personal IBAN account (that is only for accepting incoming payments), as far as I know.
if that the case then you are correct about not accepting it , but i'm new with transferwise and they showed me that i'm sending from my account . i posted this question earlier to see if there is emi with such option and i thought transferwise would likely to do it by default EMI with dedicated/personal outgoing iban

has anyone reading this tried to send from transferwise to advcash ?

thanks
 

extremedox101

Trusted Member
Business Angel
@gonharpia22 you are correct transferwise ibans are one direction - receive only .

guess we need eu bank account to have both features ;) i will search for this ....
 

fshore

Trusted Member
Business Angel
Then transfer might have been sent as swift transfer instead of sepa. Does Skrill accept international swift? I had this issue with paysera in the past. They only accept sepa transfers, not swift.

TransferWise sepa payment from borderless account are sent from your name. I have tried that myself. TransferWise support page also says that.
However swift transfers are different.
 

extremedox101

Trusted Member
Business Angel
Does Skrill accept international swift?

i would hope someone can give a little idea .

TransferWise sepa payment from borderless account are sent from your name. I have tried that myself. TransferWise support page also says that.


possible i don't have much experience with this ,

the support reply with this letter ;
Generally, the receiving bank should see our details when sending funds from the borderless account.

The unique IBAN we provide is simply for the purpose of receiving incoming payments into your balance.


thanks
 

fshore

Trusted Member
Business Angel
Does Skrill accept international swift?

i would hope someone can give a little idea .

TransferWise sepa payment from borderless account are sent from your name. I have tried that myself. TransferWise support page also says that.


possible i don't have much experience with this ,

the support reply with this letter ;
Generally, the receiving bank should see our details when sending funds from the borderless account.

The unique IBAN we provide is simply for the purpose of receiving incoming payments into your balance.


thanks
Again, as discussed in the other tread,
Quote their support page :

The only exceptions are transfers from your GBP, EUR, USD or AUD balance, where your or your company's name will be used.

TransferWise Help | What's the sender name on transfers made from my borderless account?
 

gonharpia22

Banned User
BANNED MEMBER
Then transfer might have been sent as swift transfer instead of sepa. Does Skrill accept international swift? I had this issue with paysera in the past. They only accept sepa transfers, not swift.

TransferWise sepa payment from borderless account are sent from your name. I have tried that myself. TransferWise support page also says that.
However swift transfers are different.
Thanks for the info about SEPA being sent in ones own (or company) name. I didn't know that, and thought all outgoing TW transfers are sent in TW's name. Good info!
 

extremedox101

Trusted Member
Business Angel
good info , i need advice.

if i tried to send via sepa from the borderless account to adv will it got busted by adv :)? i see risks in it from both sides .

- adv allow payments only from your normal bank account .

-tw against crypto... if they found out , it's problem.

adv recipient bank account details nordpay financial ltd
 

gonharpia22

Banned User
BANNED MEMBER
good info , i need advice.

if i tried to send via sepa from the borderless account to adv will it got busted by adv :)? i see risks in it from both sides .

- adv allow payments only from your normal bank account .

-tw against crypto... if they found out , it's problem.

adv recipient bank account details nordpay financial ltd
If I understand this correctly, if you send a sepa transfer from the borderless account it shows up sent from your local bank account number aka adv sees a 'normal bank account'. This solves the first problem.

I have no idea if it is a problem for tw that you send money to nordpay financial ltd or not, so no clue about the second one...
 

extremedox101

Trusted Member
Business Angel
If I understand this correctly, if you send a sepa transfer from the borderless account it shows up sent from your local bank account number aka adv sees a 'normal bank account'. This solves the first problem.
yes you understand .

I have no idea if it is a problem for tw that you send money to nordpay financial ltd or not, so no clue about the second one...
thanks, this what i'm trying to figure out , since advcash is mostly known for crypto + e-wallet exchange . i don't want to make mistake and send from tw if they already know/detect that their business bank account from others cases who tried to do same using transferwise .
 

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