Best For
Overall, if you are looking to send money as cheaply as possible then Transferwise is usually going to be cheaper than PayPal. It does not make money off the exchange rate and only charges a small percentage of the overall transfer as its fee. This is actually a good for online freelancer and as well as employers who are seeking lower fees and faster transactions.
Product Details
TransferWise is a London-based online money transfer service where people can pay and receive money with international bank details, and track your transactions with notifications on your phone. TransferWise are an extremely transparent service, as they always use the best exchange rates available and tell you all the fees before you pay for any transfer. You can send money through their website or smartphone app, your money is safe and secure and you’ll get regular status updates.
Pricing
TransferWise charges a flat $3 for transfers up to $300 to most countries. Fees for transferring amounts over $300 depend on the currency of the recipient. Typically you’ll be charged 1% for sending more than $5,000 USD to any other country.