TransferWise vs PayPal: Which is Better for International Transfers?
An example of an AI chatbot conversation about comparing TransferWise and PayPal for money transfers.
What's the difference between TransferWise and PayPal for sending money internationally?
TransferWise, now known as Wise, typically offers lower fees and better exchange rates for international transfers compared to PayPal.
Are there any hidden fees with TransferWise?
TransferWise is transparent about its fees, showing you the total cost upfront, but always check for any additional charges from your bank.
How long does it take for money to arrive with both services?
TransferWise usually takes 1-2 business days, while PayPal can be instant or take a few days depending on the payment method used.
Which service is more secure for international transactions?
Both services are secure, but PayPal has been around longer and offers buyer protection, while TransferWise focuses on transparency.
Can I use TransferWise for business payments?
Yes, TransferWise offers business accounts that allow you to send and receive payments in multiple currencies.
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