wise - to pay my sellers in the marketplace i run

[shizui04421]

Hi, i run a marketplace i was considering implementing wise as a payment method to pay the sellers of my platform,
i was considering doing this payment model to those sellers:
- i receive payments in my bank
- upload money from bank to wise
- send the money from wise to the seller who wants money on wise

Do you guys think this is fine? i would apply this solution to be able to payout the vendors who wants this type of money withdraw and so i also avoid having large amount of money in my wise but still to make my clients satisfied by givin them the payout method they want.

 

[diatessaron]

That's fine as long as you're sending from an account under your name to Wise. Their monkeys won't bother you for Wise to Wise transfers.

 

[shizui04421]

That's fine as long as you're sending from an account under your name to Wise. Their monkeys won't bother you for Wise to Wise transfers.

Well, i sent a bank transfer payment from my business bank to the business account of wise ( both under same company) and i got instantly blocked

 

[SoNewToAllShit]

The transfer was not a Wise to Wise transfer was it?

 

[shizui04421]

The transfer was not a Wise to Wise transfer was it?

yes i paid the client to his wise email

 

[diatessaron]

Well, i sent a bank transfer payment from my business bank to the business account of wise ( both under same company) and i got instantly blocked

What are they asking for this time?

 

[shizui04421]

What are they asking for this time?

they just blocked the account, i didnt even contact them

 

[ShillGates]

rename this thread
wise - how NOT to pay my sellers in the marketplace i run