If you’re looking for an easy way to send money overseas, you may have come across Wise Transfer. While Wise Transfer offers a convenient service, there are several problems that you should be aware of before using it. In this article, we’ll go over ten of the most significant issues with Wise Transfer and offer some alternatives to consider.

Also check :Best Ways To Send Money To Djibouti From The USA

Reviews: 10 Best  Problems With Wise Transfer 2023

1. Limited Currency Options

One of the biggest drawbacks of Wise Transfer is that they have a limited selection of currencies available for transfer. While they do offer support for major currencies like USD, EUR, and GBP, if you need to transfer money to a less common currency, you may not be able to use Wise Transfer.

2. Hidden Fees

Wise Transfer advertises that they charge low fees for transfers, but in reality, there are often hidden fees that can add up quickly. These fees can include transfer fees, conversion fees, and receiving fees, which can make the overall cost of using Wise Transfer more expensive than other transfer services.

3.Slow Transfer Times

Another problem with Wise Transfer is that their transfer times can be slow, especially if you’re transferring money to a less common currency. In some cases, it can take several days for the money to arrive in the recipient’s account.

4. Unreliable Exchange Rates

Wise Transfer uses mid-market exchange rates to convert currencies, which can be a good thing. However, these rates can be unreliable, and you may not get the best rate for your money.

5.No Customer Support Phone Number

If you need help with a transfer, you’ll have to rely on Wise Transfer’s email support, which can be slow and unresponsive. There is no customer support phone number to call if you need immediate assistance.

6.Limited Payment Options

Wise Transfer only accepts bank transfers and debit card payments, which can be inconvenient if you need to use a credit card or PayPal to make a transfer.

7.No Mobile App for Business Customers

If you’re a business customer, you won’t be able to use Wise Transfer’s mobile app. This can be a problem if you need to make transfers on the go.

8.Difficult to Use for First-Time Customers

Wise Transfer’s interface can be confusing for first-time customers, which can lead to errors and delays in transfers.

9.No Same-Day Transfers

If you need to make a same-day transfer, you won’t be able to use Wise Transfer. They do not offer this service, which can be a problem if you need to send money urgently.

10.Limited Cash Pickup Locations

If your recipient needs to pick up cash, Wise Transfer has a limited number of pickup locations available. This can be a problem if your recipient doesn’t live near one of these locations.

Conclusion

Overall, while Wise Transfer offers a convenient service, there are several issues that may make it less than ideal for some users. If you need to transfer money to a less common currency, require a same-day transfer, or want more payment options, you may want to consider using a different transfer service.

However, if these issues are not a concern for you, Wise Transfer can be a safe and reliable way to send money overseas.