What is TransferWise?
Simply put, TransferWise is an online service for sending money across borders. Founded in London, the company’s growth has exploded since launching in 2011; the demand for such cheap, easy international money transfers continues to grow as we become more interconnected and financially interdependent across borders. TransferWise is known for their no-nonsense approach to these international money transfers, which is a big reason why TransferWise customers send well over $1 billion each month using the service.
How does TransferWise work?
TransferWise’s unique approach to currency exchange has completely cut out the middle man and allowed them to charge significantly less than anyone else. Here’s a video that explains how they can charge so much less than traditional money transfer methods.