https://rus.proz.com/forum/money_matters/369740-alternative_to_wise.html
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Перевод как искусство и бизнес » Money matters »
Alternative to Wise
Автор темы: Mahalia Acapandié
Mahalia Acapandié
Mahalia Acapandié
Франция
Local time: 11:42
английский => французский
Sep 30, 2024

Hello,
A Canadian direct customer can't pay me by Wise (“their system doesn't allow it”) to avoid exorbitant bank fees. As a result, he is offering me payment by credit card, which would avoid paying the said fees. Do you know what this means, knowing that I'm based in France?
Thank you in advance.
 
Thomas T. Frost
Thomas T. Frost  Identity Verified
Португалия
Local time: 10:42
датский => английский
+ ...
Request Sep 30, 2024

Wise has an option to send the client a payment request by email. Try and see if if gives them an option they can use.

Wise supports EFT CREDIT/DIRECT DEPOSIT, a standard payment method, to your local Canadian Wise bank account number in Canada. Do you have a local CAD Wise account with bank account details already? Maybe that's the problem.
 
Maria Teresa Borges de Almeida
Maria Teresa Borges de Almeida  Identity Verified
Португалия
Local time: 10:42
Член ProZ.com c 2007
английский => португальский
+ ...
@Mahalia Oct 1, 2024

Most of my non-EU customers pay me through Wise, one pays through TransferMate (https://www.transfermate.com) and recently I received a payment through Revolut (https://www.revolut.com), all transfers go directly to my bank account…

Axel Bradley Dittmer
 
Mahalia Acapandié
Mahalia Acapandié
Франция
Local time: 11:42
английский => французский
Автор темы
Thanks Oct 1, 2024

Thank you Thomas and Maria Teresa.

I've asked Wise customer service, but they can't tell me what the fees are for a transfer using the Wise Canadian account method. Would you know how I could get this information?

[Modifié le 2024-10-01 10:01 GMT]
 
Anton Konashenok
Anton Konashenok  Identity Verified
Чехия
Local time: 11:42
французский => английский
+ ...
Payment by card is fine Oct 1, 2024

Payment by card is quick and reliable (both seller and buyer having reasonable protection), but you need to set up a merchant account with a processing bank (your own bank may offer that, or you may shop around for card payment processors). Processing a card payment incurs a fee, which may be a fixed amount (like €0.20 - €1) or a percentage of the payment (0 to 3%, anything bigger than that is no longer reasonable). Doing it for just one payment probably makes no sense, but if you want to ke... See more
Payment by card is quick and reliable (both seller and buyer having reasonable protection), but you need to set up a merchant account with a processing bank (your own bank may offer that, or you may shop around for card payment processors). Processing a card payment incurs a fee, which may be a fixed amount (like €0.20 - €1) or a percentage of the payment (0 to 3%, anything bigger than that is no longer reasonable). Doing it for just one payment probably makes no sense, but if you want to keep accepting cards in the future, it's a convenient way to receive money. ▲ Collapse
 
Thomas T. Frost
Thomas T. Frost  Identity Verified
Португалия
Local time: 10:42
датский => английский
+ ...
ChatGPT Oct 1, 2024

Mahalia Acapandié wrote:
I've asked Wise customer service, but they can't tell me what the fees are for a transfer using the Wise Canadian account method. Would you know how I could get this information?


ChatGPT said: 'For Business Accounts: Businesses may face charges for sending EFTs or direct deposits. The fee is typically between $0.50 and $1.50 per transaction, though some banks may offer packages that include a certain number of free transactions. Banks often offer monthly account plans that include a certain number of EFT transactions for a flat fee.'

Your client will probably survive that fee. Once you have a CAD-denominated account with Wise and its Canadian bank account number, your client's EFT payment is just like any other Canadian EFT payment. It's not specific to Wise.

You just need to point out to them not to use any other transfer method, as it could be rejected and subjected to high fees. It must be EFT.

I've only been paid from Canada once but had no problem with this method.
 
Mahalia Acapandié
Mahalia Acapandié
Франция
Local time: 11:42
английский => французский
Автор темы
Thanks Oct 1, 2024

Thanks Thomas. That's very helpful.
 


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