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[BMF]

What is TransferWise?

TransferWise is an online money transfer service where you can send, receive and spend money internationally with over 4 million customers now.
TransferWise was founded in 2010 by two friends from Estonia with the vision of making international money transfers easy, cheap and fair.

Are there any fees to register?

No, the website is completely free to join. You just need to fill in some personal details and you have the option to sign up as an individual or as a business.
You can register directly from the website or with either your Google+ or your Facebook account.

What countries does the website support?

On the support center, you can view the list of supported countries like:

United States of America, United Kingdom, Australia, India, Brazil, Japan, Argentina, Croatia, Mexico, Nigeria, Morocco, Egypt, Russia, Romania, China, Malaysia, Peru, South Korea, Pakistan...

What payment methods are available?

You have 5 options when you pay and this depends on your currency:

• Debit Card
• Credit Card
• Bank Transfer
• Sofort
• IDeal

How long does it take?

Transferwise is considered one of the quickest ways to transfer money and they also provide a transfer calculator that helps you to see an estimate of how long your transfer will take but this can vary depending on four factors as stated by the website:

1. The countries you're sending from and to
2. How you pay
3. What time you pay
4. Security checks

How are the fees calculated?

You can see how much the transfer will cost you on the pricing page on the website, and the cost can change depending on three things:

1. The amount you're sending
2. How you pay
3. The exchange rate

Is there a possibility to cancel a transfer?

Yes, there is. You will be able to do so from your account only if the transfer it is still in progress, you can then click on the cancel payment option.

Is there a referral program?

Yes, the website offers many different programs to reward you for referring friends once
they register and make their first transfer through your unique invite link.
For example; in the UK you will get £50 after inviting three friends who make a payment of at least £200 each. It's simple, the more you invite the more you earn!

Final verdict:

TransferWise is a trustworthy money transfer service that gained a lot of popularity in the last few years with not so many complaints and is something that you should totally consider it if you are looking to make international payments with very low fees compared to the other payment processors.

 

[SCAMEXPOSER]

This a wonderful money service company online, it will be great if most sites adopt this as means of rewarding their members since it support more country though the fee is another factor to consider. I wish to know if the sites has an app.

 

[SCAMEXPOSER]

Yeah , I read from one similar thread that the transfer Wise is mostly in favour of business account for funds recieving than individual account that easily get banned, I don't know how true this is .

 

[ELSA-ELI]

Transferwise now Wise is amazing payment processor almost similar to Payoneer It is mostly used for freelancers jobs and it pays many currencies and is supported in most countries just like the author of this article has mentioned.

It is unfortunate that it has not been utilised by many members here.

 

[SCAMEXPOSER]

Transferwise now Wise is amazing payment processor almost similar to Payoneer It is mostly used for freelancers jobs and it pays many currencies and is supported in most countries just like the author of this article has mentioned.

It is unfortunate that it has not been utilised by many members here.

It is very possible that if transferwise is extended to more African countries there is every possibility that it will have more traffic because people prefer to use it and get paid directly to bank.

 

[ELSA-ELI]

It is very possible that if transferwise is extended to more African countries there is every possibility that it will have more traffic because people prefer to use it and get paid directly to bank.

Yes it pays directly to any bank in the world,so the demand should be from us africans to get to use it more for sending and receiving money.It is a very good service that we should not easily ignore

 

[SCAMEXPOSER]

Yes it pays directly to any bank in the world,so the demand should be from us africans to get to use it more for sending and receiving money.It is a very good service that we should not easily ignore

Like the reviewer mentioned, only one or two African countries are listed , I wouldn't know if more countries has been added, i tried using when PayPal was the only payment option available.

 

[ELSA-ELI]

Like the reviewer mentioned, only one or two African countries are listed , I wouldn't know if more countries has been added, i tried using when PayPal was the only payment option available.

Ohh really which countries are those,I personally use Wise when I get my payments from Timebucks.Alot of countries in africa have this service it is just that it has been under utilised.

 

[a_jerobon]

It is very possible that if transferwise is extended to more African countries there is every possibility that it will have more traffic because people prefer to use it and get paid directly to bank.

It is truly possible that more people will be interested in using Transferwise if it is extended to African countries. Most people in Africa are interested in it because many work online.

 

[SCAMEXPOSER]

It is truly possible that more people will be interested in using Transferwise if it is extended to African countries. Most people in Africa are interested in it because many work online.

Yeah , the desire of many that work is to have payment system that will process their payment directly to their local bank with little transactions fee.

 

[tagore]

Overall, I find Wise very useful and it has saved me quite a lot of money in transactions. Professional, effective and easy to use.
One thing I have not appreciated is the difficulty I have found in identifying myself in order to create a balance.
I have tried several times and found it impossible to get to the end of the process so have given up with this part of your services.

 

[ELSA-ELI]

Transferwise and now wise works more less like western Union. Only that it is more efficient and more digitized Wise is a very good company to receive payments from quite a number of foreign currency into your local bank.

 

[ELSA-ELI]

This is one of the most trusted money playtforms,i should start posting transactions from this platform more oftenly so that it can be tagged legit.

Very easy to use with extremely low fees and a perfect fit for freelancers.Try it and you will not regret it.

 

[IB DD]

I have used Transfer Wise to receive money severally from the United States to Nigeria. The thing I love about it is that the sender can use Transfer Wise to pay the money straight into your Nigerian bank account. That's what most young guys that I know around me use to get money from sites that pay gift cards. They sell the gift cards online to American dealers who use Transfer Wise to pay them in Naira.