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Old 01-26-2015, 09:35 AM   #1
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Any of you using TransferWise?

I've heard about them for a while but just did some research on them. Interesting company. Doing extremely well and looks like they would be a good fit for this industry. They just got valued at $1billion. Definitely making noise and doing it the right way (giving more back to the customers). Have any of you used them?

If you haven't heard of them take a look (referral link attached) https://transferwise.com/u/4d2a4
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Old 01-26-2015, 09:59 AM   #2
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Cool they have an app to transfer money with a 4.6 star rating. I installed it out of curiosity and it's pretty slick!



They definitely got a good thing going. Richard Branson is a $25,000,000 invester in the company










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Old 01-26-2015, 10:13 AM   #3
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I used them and they are great, saved me lots
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Old 01-26-2015, 10:37 AM   #4
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Banking is being commoditized.
  • Wire services
  • ACH services
  • P2P lending
  • Kickstarting

And maybe to become fossilized or with a revised and reinvented footprint -- time will tell.
Online tellers with cameras and voice (maybe with customer located scanning verification) are possible in the near time future.

Eventually there may be a worldwide ACH/SEPA like clearing system in answer to these services. I see them as needing to adapt to that as well as the banks.

Richard Branson has money to burn -- he's probably just speculating with a tax angle.
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Old 01-26-2015, 11:12 AM   #5
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I looked at their transfer fees & didn't notice much difference between Natwest & my spanish account Sabadell

I'd like to hear more about them, considering i'm always transferring money from Britain & Spain.
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Old 01-26-2015, 11:17 AM   #6
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I looked at their transfer fees & didn't notice much difference between Natwest & my spanish account Sabadell

I'd like to hear more about them, considering i'm always transferring money from Britain & Spain.
What was the difference between your banks current conversion rate and the TransferWise conversion rate? What was the difference in fees?
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Old 01-26-2015, 11:57 AM   #7
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Welcome to the 21st Century: figuring out ways to scrape 0.000000001% from transferring money around.

We are all doomed. LOL
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Old 01-26-2015, 12:32 PM   #8
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Welcome to the 21st Century: figuring out ways to scrape 0.000000001% from transferring money around.

We are all doomed. LOL
Far from .000001% it's substantial especially on exchange rates
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Old 01-26-2015, 04:46 PM   #9
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Some of the innovation happening online atm is fantastic!

I'm also a big fan of GoCardless.com, another great idea that saves businesses money
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Old 01-26-2015, 04:52 PM   #10
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Far from .000001% it's substantial especially on exchange rates
Oh I know. I meant in general, the "business" of shuffling money around and taking a slice for doing so.

For this they do a great job. Impressive.
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Old 01-26-2015, 06:06 PM   #11
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.

Cool they have an app to transfer money with a 4.6 star rating. I installed it out of curiosity and it's pretty slick!


They definitely got a good thing going. Richard Branson is a $25,000,000 invester in the company




.
I would love to get fucked by Richard Branson...sorry that was off topic but I just had to share that.
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Old 01-26-2015, 07:03 PM   #12
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theyre awesome. No problem encountered by far
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Old 01-27-2015, 03:14 AM   #13
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What was the difference between your banks current conversion rate and the TransferWise conversion rate? What was the difference in fees?
If I was to take out 400euro from a cash machine in Spain using Natwest, about 300 gbp, It would cost 5 or 6 gbp & if I spend 100 dollars in a card payment to the US it's about 1.49 variable.

It seems the higher the amount the less Natwest charge. They're a good bank, always trying to help.

Sabadell is a new account, so I haven't made many payments overseas as yet
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Old 01-27-2015, 03:19 AM   #14
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Good Money transfer.
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Old 01-27-2015, 06:01 AM   #15
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I can only recommend them.
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Old 01-28-2015, 04:47 AM   #16
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Is anyone making affiliate payments with them?
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Old 01-28-2015, 09:25 AM   #17
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Not sure what they do.... But I know Branson has a SpaceX program
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Old 01-28-2015, 09:44 AM   #18
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Interesting
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Old 10-21-2019, 02:41 PM   #19
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Bump

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Is anyone making affiliate payments with them?
I would to know as well.
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Old 10-21-2019, 04:03 PM   #20
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are they adult biz friendly?
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Old 10-21-2019, 05:56 PM   #21
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Two thumbs up. And they are not in the affiliate payment business...they are in the money transfer business, although you can have your affiliate program send your wires to them, and then transfer to your bank and save an average of 3% over the best bank fees.
They base their exchange rates on the mid market rates, giving you more for your money.
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Old 10-21-2019, 06:22 PM   #22
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I know it's an old thread but I have been using them for a while and they are great. Best rates by a mile...

A little inconsistent with timings. UK to New Zealand is normally a few hours but can take up to 36. That can be a bit frustrating but I can put up with it.....
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Old 10-22-2019, 01:28 AM   #23
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are they adult biz friendly?
Nop, they hate adult. They even google company name in your transcation list and if they found out adult connection, your account is toasted.
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Old 10-22-2019, 01:37 AM   #24
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Nop, they hate adult. They even google company name in your transcation list and if they found out adult connection, your account is toasted.
They dont really "google" it. To complying with the requirements of GDPR and KYC regulation, they use a combination of Open Source Corporate Registers, National Corporate Registers and services like Gemalto’s ID document verification.
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Old 10-22-2019, 02:54 AM   #25
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Nop, they hate adult. They even google company name in your transcation list and if they found out adult connection, your account is toasted.
not really - i have a company account with them since a couple of years and we do payments to some publishers and receive payments from advertisers also. but i believe that when your company is called fuckmybitch ltd they will not like it.
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Old 10-22-2019, 05:06 AM   #26
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not really - i have a company account with them since a couple of years and we do payments to some publishers and receive payments from advertisers also. but i believe that when your company is called fuckmybitch ltd they will not like it.
That is what was posted by many posters before in various transferwise threads. It was quite popular option for withdrawing money fast from paxum till paxum banned it. If you still have your account, that could be result of luck, or simply due your occupation which is traffic selling, something with what paypal which is very strict fine, so they could be fine as well.
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Old 10-22-2019, 05:55 AM   #27
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i believe that when your company is called fuckmybitch ltd they will not like it.
^^ this. ^^ I guess same apply to my bank. " Internet Service " will do the trick ... we just don't talk about Adult stuff with them.

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That is what was posted by many posters before in various transferwise threads. It was quite popular option for withdrawing money fast from paxum till paxum banned it.
Just thinking out loud is it possible Paxum Offshore wired make it Transferwise to investigate where the money coming from AKA Adult exclusively this could be the reason some got their account close at transferwise ? Paxum is Mostly adult no ?

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traffic selling, something with what paypal which is very strict fine, so they could be fine as well.
Make sense. We accept transferwise too BTW.. eh eh eh
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Old 10-22-2019, 06:17 AM   #28
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That is what was posted by many posters before in various transferwise threads. It was quite popular option for withdrawing money fast from paxum till paxum banned it. If you still have your account, that could be result of luck, or simply due your occupation which is traffic selling, something with what paypal which is very strict fine, so they could be fine as well.
i don´t know why one should need paxum to use transferwise
transferwise have same options as paypal - and even cards and fast transfer in any account to other currency accounts.

transferwise is not really strict about adult but the problem is that many adult workers do not really have the transparency they need.

if you see how hard it is to even open a simple bank account in this days somewhere I would not say that transferwise is even less difficult.
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Old 10-22-2019, 06:20 AM   #29
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^^ this. ^^ I guess same apply to my bank. " Internet Service " will do the trick ... we just don't talk about Adult stuff with them.


Just thinking out loud is it possible Paxum Offshore wired make it Transferwise to investigate where the money coming from AKA Adult exclusively this could be the reason some got their account close at transferwise ? Paxum is Mostly adult no ?


Make sense. We accept transferwise too BTW.. eh eh eh
Yes possible how unusual way of how paxum is dealing business was too much for them.
And i do know one network which uses transferwise for receiving wires, they dont use anything else for wire.
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Old 10-22-2019, 06:22 AM   #30
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i don´t know why one should need paxum to use transferwise
transferwise have same options as paypal - and even cards and fast transfer in any account to other currency accounts.

transferwise is not really strict about adult but the problem is that many adult workers do not really have the transparency they need.

if you see how hard it is to even open a simple bank account in this days somewhere I would not say that transferwise is even less difficult.
People used it as a way to get fast and cheap money, as only alternative was to use wire to get money out of paxum, while with transferwise people were able to use ETF withdraw which is cheaper and faster.
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Old 10-22-2019, 06:27 AM   #31
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Just thinking out loud is it possible Paxum Offshore wired make it Transferwise to investigate where the money coming from AKA Adult exclusively this could be the reason some got their account close at transferwise ? Paxum is Mostly adult no ?

I am not sure to what timeframe Klen is referring to but in the past 2 or 3 years paxum changed from a US based company to a european based company.

if you work with paxum as a european based company or individual it is today MUCH easier and cheaper to work with them.
in the first years paxum was nothing official than a simple service. as far as I know they are now kind of a bank/financial service under FINTRAC regulations.

https://www.paxumbank.com/

so the "was" and "is" are very different things.
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Old 10-22-2019, 06:38 AM   #32
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People used it as a way to get fast and cheap money, as only alternative was to use wire to get money out of paxum, while with transferwise people were able to use ETF withdraw which is cheaper and faster.
thats true - they have a card but it is limited to 250 all 30 days for ATM cash withdraws.
but if you want to pay with the card it is like every debit card with no limits.
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Old 10-22-2019, 07:32 AM   #33
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if you work with paxum as a european based company or individual it is today MUCH easier and cheaper to work with them.
Not in Canada or USA. But as you say Euro base company thats seems to be right on. I read around people base in Europe use card eft ACH etc.. with no issue at all. Wire worked for me in Canada without issue, its just the fees and no damm card
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Old 10-22-2019, 08:07 PM   #34
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I've heard about them for a while but just did some research on them. Interesting company. Doing extremely well and looks like they would be a good fit for this industry. They just got valued at $1billion. Definitely making noise and doing it the right way (giving more back to the customers). Have any of you used them?

If you haven't heard of them take a look (referral link attached) https://transferwise.com/u/4d2a4
I've been using them for over a year sending money to my brother-in-law in Mockba. Cheap, easy and reliable.
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Old 10-23-2019, 12:13 PM   #35
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if you work with paxum as a european based company or individual it is today MUCH easier and cheaper to work with them.
in the first years paxum was nothing official than a simple service. as far as I know they are now kind of a bank/financial service under FINTRAC regulations.

https://www.paxumbank.com/
I think PaxumBank.com is a separate project of theirs.

People with a regular Paxum account have absolutely no relationship with Paxum Bank.
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Old 10-23-2019, 01:00 PM   #36
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There's other threads on this.

They don't take adult and they do look research your company.

There's other money transfer services that are like them, cheaper, and have been around longer (and no, I'm not referring to Western Union or Moneygram).
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Old 09-09-2020, 02:55 AM   #37
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Do these guys give account details for bank account to add money on their service? I mean paxum. Can I withdraw money using BankWire to this financial service?
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Old 09-09-2020, 03:23 AM   #38
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The cool thing is you do an international transfer.
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Old 09-09-2020, 03:37 AM   #39
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Anybody do paxum<-->transferwise?
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Old 09-09-2020, 07:29 AM   #40
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Old 09-10-2020, 04:54 AM   #41
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Stranded here at Indonesia, I use transferwise in weekly basis for bank tranfer of my bank in Europe
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Old 09-10-2020, 08:59 AM   #42
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Stranded here at Indonesia, I use transferwise in weekly basis for bank tranfer of my bank in Europe
I use for almost the same exact situation. Works perfect. And now is much faster than ever
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Old 09-10-2020, 09:04 AM   #43
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I've used it a few times, works well. Also you can setup a bank account number to receive funds in different countries. I'm in Canada so it's sometimes easier to receive funds through them using a US or euro account number rather than all the steps for a normal bank wire
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Old 09-10-2020, 09:07 AM   #44
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They just rejected over 25 Payment as i forget to change Deutsch IBAN TO NEW Belguim IBAN and i asked them to reclaim those payments and they statu its all my falut that i haven t changed IBAN so now i delivered serivce to 20 member and haven t get any penny back since all payment been returned.

Thier Cutsomer service is ZERO !! LAST TRANSCATION I RECEIVED **** EURO THEY ASKED FOR SELFI. I Sent 3 selifes and they rejected them all, i sent another 5 selefies and still rejected, i sent 10 selfies and again rejected and i emailed them a very nasty full of shit and statu either FUCK UP APPROVED ME OR FUCK OFF WITH OVER 25 SEFLIES OF ME AND FINALLY THEY APPROVED ME. Those Guys seems to be Pyscos
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Old 09-10-2020, 09:10 AM   #45
Peace
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Shap i emailed you ) hope you will reply...
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Old 09-10-2020, 09:24 AM   #46
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Originally Posted by shake View Post
I've used it a few times, works well. Also you can setup a bank account number to receive funds in different countries. I'm in Canada so it's sometimes easier to receive funds through them using a US or euro account number rather than all the steps for a normal bank wire
Yep,and if got bank in the other country it's much cheaper than international ATM fees
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Old 09-10-2020, 09:54 AM   #47
nikki99
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i have an open account but never used it
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Old 09-10-2020, 12:05 PM   #48
Tasty1
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used it recently to sent some money to Mexico. Very easy and fast, within minutes it was there.
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Old 09-11-2020, 02:53 PM   #49
rogerrabbit00
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Anybody do paxum<-->transferwise?
Withdrawals to Non Banking Institutions or Payment Service Providers or any Financial Entity other than a legitimate licensed bank can not be processed.
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Old 09-13-2020, 08:52 AM   #50
PornDiscounts-V
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If you have a sponsor you do say $50000 a month and they offer wires, but the exchange between your bank and that sponsor eats tens of thousands a year, you can turn that into a few thousands eaten by setting Transfer wise as your bank with the sponsor, then transfer to your bank in native currency.
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