Never Use Wise, PayPal & Payoneer: Here’s Why..

Yo,

I don’t want to target the big guys who have software that lets us transfer money across continents.

But HOW you use it matters a lot more than just using it.

Because if you're sending money from a US bank account to an Indian bank account like mine, then you have to go through a lot of processes

Cause I have 3 bank accounts. One US bank account and two Indian bank accounts.

So if you're sending your money bank-to-bank directly, you will have high international transaction fees.

And to avoid high fees, I use payment software like Wise. And I have been using it for the last 10 months.

But suddenly, after my 10th transaction, Wise asked me for my documents and verification.

But after verification, they said: "You can't send money like this to yourself. From your LLC and then sending it to your own account. You can't do that."

And that's how I was saving a lot of money cause I was only getting charged around $5 in int. transaction fees. 

If I'm sending myself $300 per month to my Indian bank account, I only get cut $5 (including Wise fees + transaction to bank fees). 

So I receive $295.

But from now on, I will not use a third-party app cause i get rejected by both Payoneer and Wise.

Now I will staright bank to bank transfer; it costs me around $20-$30 in international transaction fees, which is 10% of my current income lol.

So I'm going through a lot of payment issues right now. Let's see how I can fix it.

-AshuRex

Streak: 538

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