Wise

Pros: TransferWise is the essential platform for completing various online payments and converting currencies with ease. The things I liked about this platform were:

1- The main positive aspect that must be highlighted about this platform is that it has relatively low commissions for international transfers, you can transfer and convert your local currency to any other currency that exists in the world, you can convert the US dollar to the Canadian dollar In a few steps and paying you go to commissions.

2- The platform allows linking debit cards and credit cards, as well as linking international bank accounts to facilitate the conversion process, within this platform the currency conversion process is completely safe, since you only have to press a button to that the transaction is debited from your account and the conversion is made.

3- Another positive aspect is that this platform has no limit on the number of transactions or the amount of money that you can convert into any currency, having the account verified 100% within this platform, you can make the currency conversion whenever you want .

4- the process to verify a new account within this platform is completely simple and takes approximately five minutes, in addition, the platform does not request additional verifications when you link a new debit card or when you link a new bank account, this greatly speeds up the process money deposit and currency conversion.

Cons: The negative things that this platform has are:

1- The support of this platform takes a long time to answer new requirements, therefore, if there is a delay in any international transfer, you will have to contact by creating a new ticket, and you must wait more than 48 hours for this problem to be solved, really I do not recommend using the user support service at all, they take a long time to respond.

2- Another negative aspect is that this platform has problems when you make many transfers to the same account at the same time, for example, if you make more than three transfers at the same time for the same account, the referrals will take much longer, since on the platform, it verifies each of the references manually, and when it detects that you have done it at the same time, this greatly delays the process of international transfers.

Overall: Transfer Wise is a platform that I recommend with my eyes closed, mainly because it is the main mechanism I use to send money to my employees and colleagues when they are out of the country, this platform helps me convert my local currency to the currency of any country and send it to any bank account located in any country, the currency conversion process is done with the help of a system, not with the participation of a P2P trading system, which increases the chances that you do not present any type of fraud within transfers. I love this platform very much since it allows me to convert my currency when necessary, I can access it, deposit money, convert the currency of any country, the transfers are completely legal and are completed in a very short waiting time. I recommend this platform to complete any type of international payment, it is very easy to use, it is quite comfortable since it has an easy-to-understand design.

Pros: Making payments online and sending money around the world has become a complicated task for some people, Wise is a concrete solution to develop a transfer and send money anywhere in the world in a matter of seconds, its stable rates of change and raise commissions helps you to send money without having to go through a complex protocol, it is a fairly stable platform that has an excellent application for mobile devices, so sending money to any person, colleague or client is already a simple task. There are currently several things that I have liked about this platform since I started using it, these are:

1.- Transfer Wise has a credit or debit card available to all users, you only have to pay approximately seven euros to buy that card and it will arrive at your destination address in a couple of business days. The availability of this card is what makes it incredible for everything that is available in more than 100 countries around the world, this helps you make payments from any location, it also allows you to withdraw money from any ATM around the world, it is It is incredible to have this card, and I recommend it for all types of users, it will greatly facilitate the payments you make anywhere. Also, you can link this card to Google Pay or Apple.

2.- I loved how low the commissions are within this international payment platform. In addition, to deposit the money within it you have several options available, you can link your bank account and make a direct deposit, you can use your credit card or you can make an online payment through another payment processor. One of the highest commissions currently is depositing with a credit card, since it is close to 1% commission for each transaction. However, the exchange rates of these platforms are quite stable which will help you to make a pretty good currency exchange.

3.- This platform is quite fluid when it comes to making and receiving all kinds of payments, I have noticed that I have sent money to my colleagues and family in just a couple of minutes, and the money does not arrive immediately. However, it is important to note that on some occasions when the system detects that you have made many payments simultaneously, you will have to wait one to two business days for this to be processed, because it detects it as suspicious activity and places a time of business days for them to be processed correctly.

4.- I love the way I can use this payment processor without having to use a monthly or annual subscription, the only thing I have to pay here are the commissions when I go to deposit the money and when I go to send money to a relative or acquaintance. Not having to pay any type of subscription helps me to save money in my Transfer Wise account without any problem, in addition, I have a large number of currencies available to me to store in my account, I can convert between those coins and leave the money stored there without paying any type of commission.

Cons: The main problem that was not close to Wise is regarding the two step security, in noticed that when the security of the steps is not available, you can access the account using a code from your email, this has turned out to be a problem for me since on several occasions they have tried to hack my account. Previously, I have activated two-step security, but criminals have entered my Transfer Wise account by obtaining a code from my email which they had, which was a serious problem and a waste of money from what I had stored there. To counteract this, I would like the two-step security to be improved exponentially, to prevent all kinds of theft or loss of money and necessary. However, I must emphasize that this negative experience in October has not made me stop using this payment processor, I am satisfied with it and will continue to use it, I only hope that they improve security. Another negative thing about this payment processor is that there is no way to deposit money with a gift card or prepaid card, this has turned out to be a problem because sometimes I have some gift cards and I I would like to deposit that money into my Transfer Waze account for much freer use, it would be great to add this feature to allow for more deposits overall.

Overall: Wise is currently the best way to deposit money and send it to any of your co-workers. Within this company we have more than 500 active employees who are constantly making trips to other countries for business reasons, this platform has been key to sending them money or their payroll through their local currency, since it is only enough to make the conversion of the coin and send it to our work colleague. I am really satisfied with the use that this platform has had within my project area, our project area is made up of more than 50 employees, and each of them has been able to send money without any commission through this means, In addition, you can use that money with the card that has been provided, a card that works with any type of store or online payment. I hope that this platform will be this efficient for much longer, because it has given me a fairly complete experience and has allowed me to make all kinds of payments in a matter of minutes, I also hope that the time to wait when you make several deposit transactions simultaneously, since as I mentioned previously, when you make several deposits the system takes longer to process them.

Pros: It is fairly simple and fast to transfer money. As far as I can understand for each currency you kind of have a virtual bank account at the country of the currency. You can make a record of the parties you send money and it's easier to send regular or frequent payments as such.

Cons: There are limits for individual accounts but better for business accounts. Fees are some times high. There are rules and limits you need to understand. There is no savings or investment accounts. Your money only sits there and does not earn anything to you and there are no rewards.

Overall: Overall it works but when it comes to handling higher sums for your business it gets tricky . They keep asking same security process for similar transactions. So you need to be prepared to upload documents for higher sum of transactions. And if you need to go trough this it takes time.

Pros: *Send to bank Account or cash pickup (depends on which destination country)
*Receive in minutes
*use debit card or
*send through IBAN (will incur extra transaction fee for the bank transfer)
*apply for a Wise debit card
*online support in case of some transaction problem

Cons: *2500€ debit card limit per transaction
*exchange rate is a bit conservative
*1% transaction fee

Overall: Wise is my personally trusted money transfer. I never had problem with wise. There was only once when I sent money and it took longer to arrive and support informed me that they just encountered heavy transactions causing the delay. It was not an issue for as long as the money was successfully sent.