A Wise replacement for Paypal - Very Inexpensive (2.Viewing)

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You can pay in any currency you want or you can actually run currency account, I do a lot of travelling so I keep Canada, USA, Euro, and Mexican accounts.

You can select the account when you go to pay.
 
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A new feature is digital cards, you can add and delete them in seconds. They run off the main card but you can do things like pay for a hotel room and then cancel the card. Any subsequent charges would be denied.

So you can make a digital card for an online subscription and call the card Netflix, then whenever you want you can cancel that digital card and Netflix cannot charge your real card.

I use digital card whenever I sign up for anything that I think will be hard to unsubscribe to.
 
I have used wise for my businesses. Have processed over 100k usd through it so far. Smooth as silk.

I have also issued Team cards with spend limits on them. This has been a game changer for us.
 
DomainEasy pays out using Wise. They can pay to your Wise account or they use Wise to send a bank wire, which costs more. I think I'm getting closer to using Wise. They sent the bank wire through Wise and I receieved it in minutes. Usually through Escrow it takes at least a full day. So impressive.
 
I do almost everything with wise now

I keep CAD, USD, EURO, & Mexican currency accounts on my card.

Also you can make a temporary card, add it to your Apple or Google Wallet and pay when you travel.
Then you can delete that card so it cannot be used again, all without touching your real card.

You can also deactivate your card or make a one time use card for a hotel room on an online subscription.

The subscription part is the best, I subscribe to a trial period where they insist on a card. I use the temporary card to sign up and then delete it assuring they can never charge my card.

Wise is insanely good, I have not once gone back to paypal.
 
I have another wise post here
https://dn.ca/topic/help-from-a-safari-user-please.6179/post-44164

For me it solves how to get payment from foreign buyers. I have so many .com's from my catalog purchases that taking payment in foreign currencies is a must and quite honestly Escrow is not everywhere. Have you sold a $400 domain to India and asked them to use Escrow? Nope you need something else and Wise is a great choice.

I also take all sorts of payments where all I have to do is give a foreigner my pay(@)mapledots.ca email address and they can pay.

For Canada I use e-transfer like most of us, even if I have to take several payments. I mostly do that up to 10k and it sometimes can take up to a couple of weeks for clients with smaller e-transfer abilities.

The client is comfortable when I give them a real invoice with an HST number and each e-transfer is mark payment 2 of 3 etc.

The reason one needs Escrow for a lot of the marketplaces is because clients don't know who they are buying from, the saving grace is they trust GoDaddy but that forces you to pay huge commissions.

I find my lander, my me@mapledots email, my invoices, my contact form, my availability with a phone number, my x.com account, my DN.ca presence etc makes virtually every client comfortable enough to do the transaction. I can;t remember when someone last asked me if they pay how are they assured to get the domain. Even members here send me the domains no questions asked because MapleDots is everywhere.

Wise took over from Paypal for me, I cancelled my PayPal after they did some stupid shit a few years ago and quite honestly I was tired of the charge backs and insane fees. Once you truly look around in wise you begin to understand, they give me actual foreign bank accounts where I can keep money in local currencies circumventing conversion fees. I usually leave most accounts funded because I use them to pay out of in local currencies as well.

If I go to Mexico I simply make a virtual card using the local currency. I put 1k on the card and it can never be used for more. If I have a shady merchant after I pay I close the virtual card, hit a button make another and transfer the funds to that card.

If my hotel room is $450 I give them the card, after that I can lock or remove the virtual card and they cannot charge another item.

If I get a shady subscription that does auto pay and it's hard to cancel, I make a virtual card, giver it to them, cancel the card when I don't want another charge.

Wise does things nothing else will do, if you ever truly look at them you cannot go back to something else.
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MapleDots said:
I use Wise anytime I'm not sure, simply deactivate that digital card and register a new one. You never have to cancel a card again.
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Do you know if it’s possible to set a spend limit on virtual cards? I know Koho and NEO offer this, but I’d rather avoid dealing with another bank.
 
On the Wise website:

Virtual Card | Create your Wise Virtual Debit Card

it says "Have up to 3 virtual cards at a time, and use them to manage your spending by using different cards for different expense types."

That seems to be a problem for those who would want to generate a different virtual card for more than 3 subscriptions, if the goal is to have a unique card number for every subscription.
 
I use Wise to pay one of my freelancers. It costs me (and her) $0 to send a weekly payment to her, and the money is in her account within 10 seconds, and it takes me about that long to set up the transaction since the Wise UI is very slick. I used to use PayPal for this, and realized it was costing me about $100/year in transaction fees (just for this one freelancer) plus PayPal was gouging me on the Forex. I have also started to use Wise to receive payments from some key clients, and it's lightning fast to receive the funds and then transfer them out to my bank account, typically less than 24 hours. The Wise credit card is also kind of cool, but I don't use it that often, but I do sometimes take it on biz trips as one of my travel cards when I am spending USD.
 
GeorgeK said:
On the Wise website:

Virtual Card | Create your Wise Virtual Debit Card

it says "Have up to 3 virtual cards at a time, and use them to manage your spending by using different cards for different expense types."

That seems to be a problem for those who would want to generate a different virtual card for more than 3 subscriptions, if the goal is to have a unique card number for every subscription.
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hmm i did not know that, i have 3 digital cards registered, so i must be at the max.
 

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