Looking to send money internationally? Don’t want to pay the high markups that come with bank transfers or PayPal? Then we encourage you to continue reading our Wise review, a detailed analysis of an international sending and receiving platform with low fees and an easy interface.
When it comes to currency exchange rates, not all of them are created equally.
This is especially true when you want to transfer money and your bank, or transfer service, gets involved.
Let's say you are in the USA and you've tried to send USD to an account in the UK. Your bank promises you that there's “0% commission” and they definitely offer “free money transfers”.
Unfortunately, hidden fees are often included, and if you ask, the banks, or PayPal, simply say that it's part of the exchange rate or the international fee.
Continue reading “Wise (formerly TransferWise) Review 2023 – Pros vs Cons & Wise's Top 3 Features”