When you pay an international freelancer through your bank or PayPal, they usually charge you a sizeable fee for converting the money to a different currency. Or, if they don’t charge a fee for that, they might convert the money with a marked-up exchange rate – which is like a hidden fee. Either way, you end up paying extra to send your freelancer their money.
TransferWise solves this issue.They always convert your money at the real exchange rate, and charge one low, upfront fee. So your freelancer gets the same amount of money, but you spend less to get it to them. If you manage multiple freelancers all over the world, you can easily pay them with just the one file upload. And if you want to pay someone while you’re on the go, you can do that with the TransferWise app. Businesses can also use the TransferWise multi currency account to keep up to 28 currencies for free and set up instant account details for the UK, Eurozone, US and Australia so you can store and convert money at the real exchange rate.
You can load money for the payment with debit card, credit card or via bank transfer. Afterwards, getting money to the recipient is taken care of by TransferWise. Sit back and relax.