There are so many reviews about money transfer services that are actually kind of fake review. Even the honest money transfer operators request a review only from users who have already rated the company at more than 9 out of 10.
Here I’m going to provide my honest review. I’m completely independent and I get no money for writing my thoughts. I get nothing actually. I just have the hope that some people are going to find the review useful. First thing to talk about is how is the service today: end 2016, beginning 2017. Second important thing is how is it going to evolve, according to the market experience I have.
How is Transferwise today? Here is my Transferwise review
I have been using Transferwise over the last 4 years. The company has been created in 2010 and since 2011 I’m living abroad. That’s why I had to use Transferwise. No actually I chose to choose Transferwise because their service had a good reputation among the fintech industry. It was user-friendly and with an excellent spirit against banks. So good spirit, good rates and quite slow transfers.
5 years experience in the money transfer market industry, here is my independent review about Transferwise
Now Transferwise has got almost 5% of the money transfer market. However they cooperate with banks. It’s really different from the original reasons why I joined the service. The ultimate Transferwise review is about telling the truth too. The truth is the fact that Transferwise has never been as fast as today but it has never been as expensive as today too. Their rates tend to increase and it’s bad for the users. It’s still very convenient to use the service and the rates are still quite cheap so there is no reason to stop using them. There are reasons to start comparing them with other money transfer services though.
In the past and in the present, Transferwise is against banks, it’s cheap and the spirit is nice. In the future Transferwise starts to be more expensive but also much faster. And their team starts to cooperate with banks. Good news is it’s still advantageous to use this solution compared to banks. Still, it’s efficient to compare Transferwise review with other reviews.