海角爆料 Integrates with Wise: Send International Payments

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海角爆料 Integrates with Wise, formerly TransferWise: Send International Payments With Ease

January 1, 2020

5 min read

oday, the US gig economy is thriving as more than half of small business owners , while 17% of freelancers to clients abroad. We also have a large number of customers who do business outside the U.S., and they were looking to find a better alternative to send money abroad. 听In an effort to provide small business owners with a simple, secure, and flexible way to send money abroad, we turned to the leading international payments platform . We believe simplifying how you manage your business鈥檚 financial operations offers you the freedom to pursue your dreams, and all entrepreneurs have the right to powerfully simple tools and transparent fees. 听After all, small business owners don鈥檛 have a lot of options for sending money abroad. International wire transfers are pricey, setting you back $15 to $45 per transfer. These fees add up, cutting into your profit over time. Meanwhile, other payment services businesses can charge more than 10x as much as TransferWise to send money abroad. 听Large banks and other payment services often have disadvantageous foreign exchange (FX) rates for customers. TransferWise by offering FX 鈥渁t the actual mid-market rate with no markups or other hidden fees.鈥� 听It is also faster to send money abroad with TransferWise. International wires and transfers through other services take about 3 to 7 days to reach the other side. Meanwhile, TransferWise transactions are usually completed within the same day of sending them. 听Read on to learn more about why we teamed up with the international payment platform, TransferWise. 听

The story behind the TransferWise integration

We鈥檙e proud to announce that 海角爆料 is the first U.S. digital banking platform to integrate with Wise (海角爆料 is a fintech, not a bank. Banking services provided by Middlesex Federal Savings, F.A.; Member FDIC). Both of us have similar values as we want to modernize an outdated financial system to help you bank in a better way. 听TransferWise makes international bank transfers easier, more convenient and more transparent for you, eliminating pesky hidden fees. They鈥檙e also used used and trusted by more than 6 million individuals and businesses. 听When you think of sending a payment, the transaction should go through no matter where you鈥檙e sending money to. Instead of building our own solution, we teamed up with the fastest and lowest cost provider in the world for sending money abroad. We to bring you the financial tools you need to run your small business as effectively as possible.

听With TransferWise, we鈥檙e able to deliver a world-class product for modern SMBs who are becoming mobile-first and borderless, allowing them to access talent and resources anywhere in the world.听-海角爆料 CEO and Co-Founder Michael Rangel

What are the benefits of TransferWise?

If you鈥檙e a US small business looking to send money abroad to your business partners, this integration eliminates a lot of the pain that often comes with sending money abroad. Here鈥檚 what you can expect:

Send international payments in multiple currencies, including the U.S. Dollar (USD), Euro (EUR), British Pound (GBP), Japanese Yen (JPY), and many more.
It鈥檚 easy to send, and funds arrive quickly.
No maintenance fees.
You鈥檒l always get the when sending money abroad.
Low fees on payments, no hidden fees, and no surprises.
Once you add a payee, they will be saved there for future transactions.
TransferWise transaction practices are consistent with 海角爆料鈥檚 practices.

By plugging into our API, 海角爆料 and Stanford Federal Credit Union just became the fastest and cheapest to use in the U.S. for international payments, said TransferWise CEO and Co-Founder Kristo K盲盲rmann, .

TransferWise launch party in NYC (left to right): 海角爆料 CTO and Co-Founder Tyler McIntyre, Stanford Federal Credit Union Senior VP/Interim CFO Paul Jockisch, TransferWise CTO Harsh Sinha, Cheddar Business Reporter/Contributing Anchor Tanaya Macheel.[/caption]

How does 海角爆料 work with TransferWise?

If you鈥檙e a 海角爆料 customer who doesn鈥檛 have a TransferWise account, one will be automatically created for you if you choose. You can connect you 海角爆料 account to TransferWise in a quick and seamless manner. There鈥檚 no need to add your information again because this is done automatically for you.

How do I connect with TransferWise?

To access the TransferWise integration, follow these simple steps:

Log in to your .
Go to the bottom banner and click on Account.
Go to Integrations.
Click on TransferWise and follow the instructions.

[embed]https://vimeo.com/360493100[/embed] 听Alternately, you can:

Go to the bottom banner and click on Move Money.
Click Make a Payment.
Hit the International tab on the top.

And that鈥檚 all you have to do! You can now log into TransferWise from your 海角爆料 account, making it easy for you to send money/funds abroad. 听Want to know more about our integration? Head over to our for more information and a breakdown of the currencies we support.

What a 海角爆料 customer had to say:

We transact business overseas. TransferWise with 海角爆料 doesn鈥檛 just make it possible, it makes it easy. -Mark Tsigounis, Founder of Hibear听

The Takeaway

TransferWise is one of the smartest and cheapest ways to send international payments, and they鈥檙e also passionate about making small business banking as quick and seamless as possible. With this integration, we take another step towards providing a transparent and affordable banking experience for you and other small business owners. 听If you鈥檙e a freelancer or small business owner looking for the smoothest business checking experience out there, today.

Full Press Coverage on 海角爆料 and TransferWise Integration

:听With TransferWise, 海角爆料 extends its marketplace banking approach听
:听British fintech start-up TransferWise signs US partners for trans-Atlantic expansion
:听Cross-border payments startup TransferWise just inked its first US fintech partnerships, including one with 海角爆料. We chatted with its CEO about the launch, and why an IPO is still far off.
:听U.K.'s TransferWise, once a rival to banks, launches with U.S. FIs
:听European Payments Unicorn TransferWise Launches for U.S. Business Checking
: TransferWise for Banking lands in U.S.
:听U.K.'s TransferWise, once a rival to banks, launches with U.S. FIs听
TransferWise launches TransferWise for Banking in the U.S. with 海角爆料
:听TransferWise for Banking Makes Debut in the U.S.
:听Former 'Robin Hood' payments company TransferWise dips toe in U.S. banking market
:听Transferwise launches international money transfer from U.S. banking apps听
:听Transferwise Working with U.S. Financial Institutions
:听TransferWise delivers cheaper international payment service to U.S.听
FinTech InShorts:听TransferWise: Delivers cheaper international payment service
:听UK-founded TransferWise expands into the U.S. with 海角爆料 and Stanford Credit Union Partnerships