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Wise halts new UK and EU business customers amid capacity strains

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There were stops in specific countries in EU (Cyprus, Malta, and a few others), but‌ now it's an EU wide stop.
 
Sounds like wise its time for everyone who have money in wise to withdraw it‌ or transfer it out

The game started with US now it went to EU

They played with fire and the fire played back
 
Just because they have stopped taking on new customers doesn't necessarily mean that they are‌ getting rid of the old ones or closing accounts. It's actually a positive sign that‍ they are taking care of the customers they have before they take on new ones,⁠ right?

What alternatives would you suggest if it shouldn't be Revolut or Mister Tango for⁤ that matter? Maybe Monzo, N26, Starling Bank ?
 
They closed⁣ most of people USD accounts besides they suspended so many others few wrote about it⁢ in here

Check truatpilot and see the latest
 
You scare the s**t out of my pants. What are the alternatives for all of‌ us depending on wise for the many years ? Something reliable needed that accept payments‍ from crypto exchanges!!
 
i give a f**k‌ about trustpilot since most of people posting there are screenheros and amateurs that would even‍ post about their girlfriend or mother on trustpilot if they didn't got that blowjob.

I can't see what's wrong on scampilot
https://www.trustpilot.com/review/wise.com
 
Over 1.2m people have been de-banked in the UK from traditional banks, and that's before‌ you consider commercial accounts.

So the likely hood is these people/entities flooded to wise...

That's just in the UK, same happening in Europe, US reportedly in the push to eradicate‍ cash based entities (and SME's) (covid didn't kill them all).
 
how would you you pay your onging expenses if you have it all‌ in crypto 😀
 
Not surprising AT ALL... I started having issues with them about 7 months ago and⁠ I posted this question: https://www.offshorecorptalk.com/th...ss-to-one-of-my-accounts-via-truelayer.41086/

and it was @Sols ' helpful answer that made me⁤ jump ship! When I read "At 6,000 USD/month, you are an above average customer of⁣ Wise and you have probably reached some threshold where they need to perform SOF/SOW (Source⁢ of Funds/Wealth) checks", I ran for the Hills! 😳

All I spend money on is︀ food, mainly good quality steaks and crustaceans, groceries, some wine/Champagne, health insurance, supplements, TRT, etc.︁

Nothing I would consider extravagant, so being "an above-average customer at Wise" makes me extremely︂ nervous! cry&¤

Seems Wise is really hurting themselves. I don't understand why...



https://twitter.com/x/status/1720035843581050961

and this:



https://twitter.com/x/status/1707784594689581419

All one has to do is search Twitter for this: https://twitter.com/search?q=(700 OR vendor OR pay)︃ (@Wise)&src=typed_query

Mind-boggling to me. What am I missing here? What's the end play? 🙄
 
Exactly

No more wise as i see they killed them⁤ selfs by them selfs lile Nokia

Run out of EU
 
First people flood from Traditional banks to EMIs, then when they realise EMIs are a‌ financial scam too, they will flood into Crypto.

I expect the Crypto market to be‍ 25x in 10 years of what it is now (at least). With several people doing⁠ B2B and B2C transactions directly through ledgers and online self-governed proprietary wallets.

It's impossible to⁤ stop.
 
I'd guess Wise is doing this to not end up in a situation‌ where they have an unmanageable portfolio of clients. It's better to pump the breaks and‍ make sure internal controls are sufficient to effectively monitor clients than to grow blindly and⁠ have too many lapses in customer due diligence.
 
Back in '17 when I got into Crypto almost⁤ nobody accepted crypto payments outside of 4 freaks and some VPN providers.

Now in '23,⁣ Im paying Vietnamese manufacturers in USDT.

So... yeah u right. Fingers crossed this trend continues.⁢
 
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