PayPal or transferwise?

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Anonymous #1
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Report Thread starter 1 month ago
#1
Which is better to receive international payments? I'll be self employed through a website which is in a different country so I'll be payed through PayPal or transferwise. I've never used transferwise before. Is it even safe. I already have PayPal but apparently it has a higher international fee that transferwise like 3% of the international payment while transferwise is around 1%. transferwise also has a lot more security checks, you have to show your ID to prove your identity. I'm not sure I want to do that for a website I've never used before and PayPal doesn't ask for ID.
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Fresher18
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Report 1 month ago
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I would say use transfer wise only because they are cheaper than Paypal who have really bad exchange rates and additional fees. Transferwise is used by many without issue, Ive received payments from companies through transfer wise without issue.
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