Transferwise

International money transfer service with low fees and real exchange rates.

FAILEDFinance

Pricing

Freemium

Learning curve

Easy

Time to value

Immediate

BEST FORSoloSmall Team

WORKS FOR

Making individual one-off payments, Sending international payments (e.g., wedding payments to Italy)

KEY INSIGHT

Excellent for individual international transfers but not robust enough for core business operations like payroll.

DOESN'T WORK FOR

Operating payroll for a business

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What people reported, in their own words. Every line links to where it was said.

“I have had an encounter with something like this via Wise / Transferwise. It has been half a decade and nada. And I estimate that it has cost me north of $20k+ over that time.”
NEGATIVE · reliability · Hacker News · 2026-06-17
“Transferwise (who shortly after the UA war started, blocked donations to the UA State bank military support account - yes, really, if you didn't know)”
NEGATIVE · features · Hacker News · 2025-05-16