Wise is awful.. their customer service was not very helpful to me, setting up the account to connect to my bank is hard, and their UI is beautiful but not functional. I just use Paypal for international payments now and it is so much easier. Is there a reason you chose Wise over Paypal?
The main reason we’d prefer to use Wise is that they advertise much lower currency exchange fees; my guess is something like 0.5% compared to 3-4% on Paypal, which really adds up on large foreign grants.
That’s a very good point! I just have a lot of bad experience dealing with Wise, but I also haven’t had to deal with very large grants so the tradeoff wasn’t as large.
Wise is awful.. their customer service was not very helpful to me, setting up the account to connect to my bank is hard, and their UI is beautiful but not functional. I just use Paypal for international payments now and it is so much easier. Is there a reason you chose Wise over Paypal?
The main reason we’d prefer to use Wise is that they advertise much lower currency exchange fees; my guess is something like 0.5% compared to 3-4% on Paypal, which really adds up on large foreign grants.
That’s a very good point! I just have a lot of bad experience dealing with Wise, but I also haven’t had to deal with very large grants so the tradeoff wasn’t as large.