Wise to Perfectmoney
What is Wise account: Wise account, formerly known as Transferwise, is a bank account that allows us to transfer money globally. Wise account entered this market in 2011 with the slogan of a cheap and fast banking system for all people of the world and has always tried to compete with major competitors such as PayPal and American Express in terms of fees and transfer speed. The wise account is compatible with other cards and banking systems, and many businesses around the world make their foreign currency payments through the transferway account. Today, in this article, we are going to examine Wise account from different aspects and we will also share with you how to work with it.
How does the Wise account work?
Although the name of the company has changed to Wise, the nature of what it does has not changed. Wise’s main goal has always been to help people around the world to manage their assets and make transparent, cheap and fast currency payments. Millions of people around the world trust Wise account and make their online currency transfers with this network. Wise helps them pay less fees and experience a faster transaction in return. In fact, traditionally you have to pay a separate fee for currency conversion in addition to the money transfer fee. Weiss put his finger on this big problem, that’s why he was able to reduce the costs by 90% and achieve a lot of popularity.
What is Wise account security protocol?
Wise account, like any other money-related network, seriously examines the identity of its users. Wise’s security team also monitors the activities of its users to minimize criminal activities such as money laundering and theft. The speed of money transfer in Wise is not very high and the process of sending from the account, being approved by Wise and sitting in another account may take up to a week.
Wise has a special team to increase the security of this network, whose main goal is to protect users’ assets. Wise claims that this security team monitors network activity around the clock, and even the most skilled thieves and hackers are not the slightest threat to users’ assets. In addition, every time you perform an activity on the account, you will find a notification in your email that shows the strong security protocols of Wise. Also, the Web Money portal is another international payment portal that you can use for your payments.
What are the benefits of opening a Wise account?
As we mentioned above, the Wise account allows users to transfer the currency of their country to other countries with the lowest fees. International money transfer is the most important feature of Wise account. Although other companies also operate in this field, Wise is very popular among users with its simple user interface and fair rate. Wise users always talk about their sweet user experience. Additionally, users say their service is 13 times cheaper than traditional money transfers. The interesting point is that the recipient does not need to have a Wise account and only the information about his bank account is enough to send the remittance.
Wise multi-currency account
In fact, Wise is a multi-currency account. With Wise, it is as if we have a bank account in every country. This is especially true for those who have international business or are constantly traveling and experiencing new things. For example, let’s say you have currencies like USD, EURO and AU dollar in your Wise account and you want to transfer money to a bank account in Europe, Wise account will automatically make this transfer from your Euro balance. Even if your Euro balance is not enough to complete the transaction, Wise uses other currencies to compensate for the transaction difference. Additionally, someone may deposit you Australian dollars. In this case, you can search for the Australian dollar unit, i.e. AUD, in your Wise account and receive the deposit amount in the form of Australian dollars; Just like having a bank account in several countries. Also, another international portal is PayPal, which is one of the most popular payment portals
What is Wise Business Account?
The method of calculating Visa fee depends on the amount you want to transfer. In fact, the higher the transfer amount, the higher the fee charged to the sender. This account is considered the best option for people who work with small amounts. Additionally, you should keep in mind that Wise has a different fee rate for each currency transfer that you should consider. Generally speaking, a transfer of £4,000 in one transaction may leave you with a lot of fees. Of course, monthly transfers of more than £100,000 will result in Wise giving you a good discount.
The transfer time with BusinessWise account also depends on various factors. For example, if you want to transfer a large amount of money with Wise, the transfer may take longer because Wise has to process more of the account and perform a more detailed security check. Remember that the receiving party must also have a bank account because Wise does not support cash transfers.
Sending and receiving money with the Swift method
SWIFT is a payment system that can be used to send money abroad safely. In fact, SWIFT is a unique code that banks use to track interbank transactions. Transferring money in this system is known as SWIFT currency transfer and has many restrictions for domestic users. Suweiqt International Payment Protocol is one of the largest money transfer networks in the world, which has a lot of credibility. In fact, if you have a SWIFT code for a bank account, you can transfer money to it through Wise. It is also possible to send money from a bank account to a Wise account through Swift. You can use Cafe Erez services to send and cash money sent from Swift.
For example, let’s say you bought an expensive piece of lab equipment from Harvard Lab. Before they ship the device to you, you will be issued a payment invoice including the account number and SWIFT code.
Send or receive money via wire transfer
Wire transfer is an electronic money transfer method that is done through banking networks or Internet financial systems. This method allows individuals and companies to transfer a specified amount from one account to another through the transfer of financial information. Wire transfer is especially used in international funds transfer.
In this process, transaction information including transfer amount, source and destination account number, and other related information is sent electronically. Wire transfers are used to make business transactions, make international payments, or transfer funds between different bank accounts. This method is safe and fast, and because the information is done electronically, it does not take much time to complete the transaction.
WireTransfer is a very large payment system through which money transfers are very common. You can transfer money at high speed using this type of transfer. For example, you can easily pay for buying a house abroad using this system. In general, in the worst case, the money will be transferred within 1-2 days.
Wise to PerfectMoney
You can buy PerfectMoney with your Wise account or sell perfectmoney and receive wise.