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Transferwise

Discussion in 'Skills, Business and Finance' started by Mebs, Feb 11, 2016.

  1. Mebs

    Mebs Active Member

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    Has anyone used this service before? How exactly does it work and would you recommend it? It seems that trying to exchange/get money while abroad is seriously outdated with our current methods. It costs a fortune to begin with and can be a pain in the hole.

    Here: https://transferwise.com/
     
  2. Kitsune

    Kitsune Staff Member

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    Hmm, never have. I thought sites like Paypal held the market with online fund transfers, but I see that one uses the "real" exchange rate.
    Does Paypal use an average, or inflated rate? Never looked to be honest. Might be a great competitive option if the rates are better.
     
  3. FossilHead

    FossilHead Staff Member

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    Nopey, not familiar with that one.
    I have been doing the PayPal thing for frigging ever
     
  4. Mebs

    Mebs Active Member

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    It sounds rrally good. Its different from Paypal because you get the money out abroad,and at a reasonable rate unlike other banks.
     
    FossilHead likes this.