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Whats your thoughts about Transferwise now?
- Thread starter Spinat
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- transferwise
I work with them everyday, no problems and still good currency rates.
I'm a frequent user and haven't had any issues with them.
It's easy to forget, but TransferWise got started as a money remittance company competing with the likes of Xoom and Western Union. That's an additional revenue source on top of what they make from the Borderless Account product. Unlike so many EMIs and digital challenger banks, TW is profitable.
It's not entirely unlikely they'll need to clean up a little bit soon, with seemingly so many people having accounts with IBCs and other dodgy offshore companies with them. I don't see that affecting me or my businesses, though, so I remain reasonably confident with them.
It's easy to forget, but TransferWise got started as a money remittance company competing with the likes of Xoom and Western Union. That's an additional revenue source on top of what they make from the Borderless Account product. Unlike so many EMIs and digital challenger banks, TW is profitable.
It's not entirely unlikely they'll need to clean up a little bit soon, with seemingly so many people having accounts with IBCs and other dodgy offshore companies with them. I don't see that affecting me or my businesses, though, so I remain reasonably confident with them.
Can you received money from PayPal to the Transferwise borderless account?
Would you say it is possible and safe to receive payments from Kraken to Transferwise or would it be better to find a different exchange? What would you suggest to receive BTC money to Transferwise?
Would you say it is possible and safe to receive payments from Kraken to Transferwise or would it be better to find a different exchange? What would you suggest to receive BTC money to Transferwise?
They don't allow cryptocurrency but in my own experience.... It all depends on when and who will check you.
I didn't know about this restriction and I used Kraken with TW quite a lot, but they had no clue the money were from Kraken (even if it was pretty clear to be honest). So, I had no problem. But.. for sure you can find some employees more smart and stop you pretty fast. But not automatically.
I used them daily. While from time to time they ask details on certain transactions, it seems to follow a random pattern and so far, no problems.
Any trick to bypass Transwire Selfie s**t?? I completed all the requirements and now stuck at the last "Selfie"
Not sure there is anyway around the selfie issue. It appears for some account setups they ask for it and for others they don't
Didn't need to provide a selfie worked just like this.
Anyway, how can I get a IBAN number in my name from TransferWise? All I see is ADD MONEY and then I have to enter how much I want to transfer and it has to come from an account in my name! I thought I got my own IBAN account number! This is not working with paypal at all.
Anyway, how can I get a IBAN number in my name from TransferWise? All I see is ADD MONEY and then I have to enter how much I want to transfer and it has to come from an account in my name! I thought I got my own IBAN account number! This is not working with paypal at all.
ahhh that's the problem I didn't had any account there so far, can open EURO account, finally found it
First Swedish personal documents and then add Belize corp for business. All approved quickly. I paid the fee to get the debit card send ASAP so all verification went through asap.
Not received the card yet.. but I loaded the initial amount to get the card with my debit card, but they also accept bank transfer and some payment processor.
Another problem now is that PayPal only allow to add accounts in Swedish kroner so that means you will need to have a nationality which Transferwise support in local currency and that match the paypal account.
Another problem now is that PayPal only allow to add accounts in Swedish kroner so that means you will need to have a nationality which Transferwise support in local currency and that match the paypal account.
I used to work with TW during last few month, everything was pretty much fine. Cheap transfers, nice exchange rate. Only thing that SWIFT payment out of EU was up to 6-7 days.
But last week they have announced, that they closing our account due to reasons they wont uncover and now I have blocked 2k eur for 60 days as they told me. Since I read some other similar issues with TW makes me a bit worry about is I ll get back my blocked money .
But last week they have announced, that they closing our account due to reasons they wont uncover and now I have blocked 2k eur for 60 days as they told me. Since I read some other similar issues with TW makes me a bit worry about is I ll get back my blocked money .
Don't you guys think it is about what country the account holde comes from? If it's easy to verify ID / KYC they don't have to block the account.
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