Faisal KhanAnswered Aug 5, 2016They are a for-profit company, they will charge a fee to make money. They may incur one or multiple parties during the trace of the transaction and the fees is to cover that and make them money.
Why does TransferWise charge around 0.5%—is it purely operating costs or are there intermediary bank fees involved?
Faisal KhanAnswered Aug 5, 2016Should I use Bitcoin or TransferWise/Wise to transfer money to myself internationally if I’m not in a rush but want to minimize FX “racketeering” fees?1 ansIs TransferWise/Wise a good option for sending money abroad?1 ansHow much more or less expensive is international money transfer using Bitcoin compared to traditional banking?1 ansIs it standard practice to pay remittance charges upfront?1 ans