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r/personalfinance

Wise (formally Transferwise), safe?

Working with a freelancer in Italy, I’m in US. They are looking to use Wise to transfer the payment. The business seems like a legit small freelancer. No real reason to doubt their legitimacy. For my safety I asked about an option to pay smaller amounts for the service rather than all at once, that way if something was off and they ghost, I’m not losing any substantial money. I’m talking about maybe $50 at a time. They had no issue with that and even offered to take payment at the end, if I was
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2 comments

techfan421h ago

This is a really insightful piece. The data backs up what I've been seeing in the industry.

devops_sam45m ago

Agreed. Would love to see a follow-up with more recent numbers.

curious_reader2h ago

I'm not sure the conclusion holds for smaller teams. Would be interesting to see this broken down by company size.

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Wise (formally Transferwise), safe? — txtfeed