Quote:
Originally Posted by ladida
I dont think you know what is a "virtual bank account". Key word here, BANK, as in, you can receive swift/ach/sepa into it. Revolut has uk and eu, tw has USD and AUD as well, it's why its lagging behind transferwise. Virtual currency account is not a bank account. You guys need to know what you're using, you going to get shafted by revolut hidden fees you won't even know what hit you.
What the fuck are you writing? Are you guys on drugs or something?
They don't prohibit adult, where do you get this?
You get charged what ? To send what????
I have sent 5000 eur from 1 account to other with 0 fees. FREE. I have also sent sepa payments with fraction of cost what the bank would charge me (around 1euro compared to 15euros from bank). I've also received adult payments to my usd bank account without hassle. You can't use the account to buy hookers or porn membership, but you can get affiliate payment or other work payment.
O yea, most beneficial thing of using TW is god damn live chat with an actual competent person behind the chat, and not some indian guy citing stuff from the paper.
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They do prohibit adult:
https://i.imgur.com/fvmDDBl.jpg
https://transferwise.com/acceptable-use-policy-eea
They may not check right away, but they will eventually look into your company details. We originally had a business account there to send royalties into Japan and after a few months using it, it was deactivated and they emailed us saying (paraphrasing): "It looks like you are involved in the adult industry so we cannot send payments for you."
TW runs a useful service, but they're far from the disruption company they claim. There's quite a few other FX transfer companies that have been around before them that do the same thing, don't explicitly prohibit adult, and you probably will save even more money.
Also the last time I used TW, you couldn't even do batch payments. If you had to pay 8 different entities, you had to make 8 different transfers. With the transfer companies we use now, we only make one order for all 8 (for example) and there's still 0 fees with a very nice conversion rate.
Stick with TW if you want, but it's not the best deal in town and they may terminate your account for clearly violating their AuP.