EMI like transferwise/revolut for EU company
- Thread starter libren
- Start date
- Status
If you do a Google search on this forum you may be able to find a lot of threads about TransferWise and Revolut as well as other EMI's.
Here is an example on how to search :
https://www.google.com/search?sourc...hUKEwiZu7zi8ZPnAhVNiIsKHRfKCD8Q4dUDCAY&uact=5
and here for Transferwise:
https://www.google.com/search?ei=go...hUKEwiwip7n8ZPnAhVtwIsKHQhfBoIQ4dUDCAs&uact=5
More then 1500 hits on Google 😉
Here is an example on how to search :
https://www.google.com/search?sourc...hUKEwiZu7zi8ZPnAhVNiIsKHRfKCD8Q4dUDCAY&uact=5
and here for Transferwise:
https://www.google.com/search?ei=go...hUKEwiwip7n8ZPnAhVtwIsKHQhfBoIQ4dUDCAs&uact=5
More then 1500 hits on Google 😉
I use both of them and I do not think it is one answer to this question. It depends on what is the most important features to you. Personally, I prefer Transferwise for business and Revolut as a person. But again, it is probably mostly about what services I actually need.
Business wise I need accounts in EUR, USD, GBP, and a couple of other currencies to receive payments as well as paying︀ suppliers. For me Transferwise does this perfectly and in a very transparent way when it︁ comes to fees. Often it is also extremly fast. A payment from Transferwise to another︂ EUR account in Spain, Germany or other Euro countries often takes seconds instead of hours.︃
To accept crypto payments I used to use Wirex, but then they closed down the︄ option of outgoing SEPA payments. I have thought about using AdvCash, but so far I︅ have managed with Bitpanda exchange and a SEPA account in Germany. Never try to send︆ payments from a crypto exchange directly to Transferwise.
Revolut is better for me as a︇ person as they have perks and services that are useful. I have a paid plan︈ wich I think gives me good value for money.
Business wise I need accounts in EUR, USD, GBP, and a couple of other currencies to receive payments as well as paying︀ suppliers. For me Transferwise does this perfectly and in a very transparent way when it︁ comes to fees. Often it is also extremly fast. A payment from Transferwise to another︂ EUR account in Spain, Germany or other Euro countries often takes seconds instead of hours.︃
To accept crypto payments I used to use Wirex, but then they closed down the︄ option of outgoing SEPA payments. I have thought about using AdvCash, but so far I︅ have managed with Bitpanda exchange and a SEPA account in Germany. Never try to send︆ payments from a crypto exchange directly to Transferwise.
Revolut is better for me as a︇ person as they have perks and services that are useful. I have a paid plan︈ wich I think gives me good value for money.
This is interesting. Are you able to elaborate at all on what happens if you do?
The only reason I ask is that Transferwise mentions on its website that while you can't send to cryptoplatforms from your Transferwise account, it is ok for you to receive from cryptoplatforms into your Transferwise account:
"We can't support transfers to Bitcoin or any other cryptocurrency, directly or indirectly, through our services. But you can send money to your balances with bank details from a platform that deals with Bitcoin or another cryptocurrency."
Have you found it to be different in practice? If so, are there any︀ intermediaries that you would recommend?
The only reason I ask is that Transferwise mentions on its website that while you can't send to cryptoplatforms from your Transferwise account, it is ok for you to receive from cryptoplatforms into your Transferwise account:
"We can't support transfers to Bitcoin or any other cryptocurrency, directly or indirectly, through our services. But you can send money to your balances with bank details from a platform that deals with Bitcoin or another cryptocurrency."
Have you found it to be different in practice? If so, are there any︀ intermediaries that you would recommend?
I know that they seem to allow to receive from crypto platforms, and it might be that this also works well. The feedback I have received from multiple clients that are using/have been using Transferwise is that they have been shut down due to receiving funds from crypto exchanges, so it is a bit unclear what to belive. It might be that there are︀ other reasons why clients have been shut down, but it might also be that TW︁ is fine with a litte bit of money coming in from exchanges, but as soon︂ as it starts to get serious they do not want any part of it.
Personally, I would not use TW for receiving funds from exchanges. But, the main reason for︃ that is that TW works very well and I do not want to jepordize that︄ relationship.
Personally, I would not use TW for receiving funds from exchanges. But, the main reason for︃ that is that TW works very well and I do not want to jepordize that︄ relationship.
- Status