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.
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.