Worldcore - USD account - opinion please

[Mihail]

Hello,

I am about to invoice a client to pay me 50k USD into my Worldcore corporate account in USD.

What do you think? Is it safe to send money there?

 

[JohnLocke]

hmmm, there has been a lot of talk about them on the forum.. some people say they got scammed while others report back there is nothing wrong.

You may do proper research before you do that!

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[W4rhol]

50K usd is maybe a little bit too much for Worldcore...
I never have a problem so far with them (except when they didn't get any bank details) but 50K is too much for sure.

 

[Martin Everson]

Mihail said:
What do you think? Is it safe to send money there?
Click to expand...

Do you have any other options than worldcore? but I guess you don't perhaps and that's why you use them ;-)

I personally wouldn't do 50k in USD with worldcore as it is very expensive to receive and send money with them plus the currency is a high risk currency for compliance issues with their provider.

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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[diablo]

There are lots of different options which are not worldcore. You want to use EUR and get a much wider range of providers for your use!

 

[Mihail]

As my client is from Australia, I have to receive either AUD or USD.

Any other options? I think to try them through Worldfirst. What do you think?

 

[Nyep]

Mihail said:
As my client is from Australia, I have to receive either AUD or USD.
Click to expand...

Transferwise Borderless will let you receive in either of those currencies. The AUD one as a local transfer, so pretty low cost. If you're receiving to a legit and verified company account then you shouldn't have any problems as long as you have the paperwork. You can try to pre-clear the transfer with support though.

 

[negon]

Transferwise may indeed be the best solution to what you are looking for since most of the other EMI's only operate in EUR!

 

[Mihail]

Nyep said:
Transferwise Borderless will let you receive in either of those currencies. The AUD one as a local transfer, so pretty low cost. If you're receiving to a legit and verified company account then you shouldn't have any problems as long as you have the paperwork. You can try to pre-clear the transfer with support though.
Click to expand...

Well, I tried TW - with fully verified business account. Notified first the support, they said - OK, my client can transfer the funds.
When the funds arrived, they deactivated my account and refund back the payment...Support says that there is no specific reason for that.

 

[Nyep]

Mihail said:
When the funds arrived, they deactivated my account and refund back the payment..
Click to expand...

That sucks. Was it AUD or USD?