Dwolla vs. Wise

At AeroPay, we find that verifying clients without Dwolla could quickly turn into a very tricky situation. With the integration of Dwolla, what could easily be a pain point for our company has actually become a simple, quick, and seamless experience for our clients, Customer Service team and the company as a whole.

Transferwise it is great for transferring money across countries (never for transfers within the same country) and when the countries in question use different currencies. It is very quick, especially if the amount is not big. For larger amounts, it would take longer so it would be good only if you are not time-constraint.

Incentivized

• Seamless integration.
• Quick resolution/response time.

• Quick - because funds are transferred domestically, even when going international, you don't have to wait long.
• Easy - the printout of what information I needed to give the sending bank was complete and easy to understand.
• Affordable - the fees on both ends were minimal.

Incentivized

• TransferWise (at the time of this review) does not allow one to transfer money to all kinds of business accounts. This can be a limitation for people who want to use it as a way to pay directly for goods and services.
• Sometimes it has problems with some credit cards. But the most popular types are accepted without problems.
• TransferWise accepts fewer currencies than other services. But it seems like this is a temporary problem, and the company is making efforts to support transferences to all of the currencies.

Incentivized

We have a dedicated Slack channel with multiple team members from across the organization: product, legal and compliance, technology. We have a dedicated relationship manager. Super super responsive. We are so pleased.

We haven't really had to engage with TransferWise support. The platform is simple and easy to use.

Incentivized

Better service. Better price.

Apple Pay has high fees and hidden charges, not easy to use and it does not really support enterprises. It is also not regulated by MAS so we don't feel safe using it. Transferwise account was easy to set up (within minutes), the admin fee is low and the pricing is very transparent (no hidden fee). Lastly, we needed a platform which is safe to use and we are happy to know that Transferwise is regulated by the MAS of Singapore.

Incentivized

• Huge ROI, the service is unmatched.

• We can save around 5% on our transfer fees
• The online account management is easier than going into banks personally
• There's no negative impact...