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<p>[QUOTE="Ken Dorney, post: 3470808, member: 76086"]The US is certainly way behind Europe when it comes to banking. Wire transfers are very costly here (both sending and receiving), so much so that I simply do not accept them. For sending a wire, yes, I use Transferwise and it works flawlessly so far and I like it. The problem with that system is trying to figure out how to accept (rather than send) a transfer with an account with them. The FAQ's and the website are insufficient to really figure it out (and I havent as yet). But from what I can tell you can accept money into Transferwise and then use it to pay back out again, just like Paypal was in the beginning. As far as I know there isnt yet a method to transfer funds out of Transferwise and into your bank account.[/QUOTE]</p><p><br /></p>
[QUOTE="Ken Dorney, post: 3470808, member: 76086"]The US is certainly way behind Europe when it comes to banking. Wire transfers are very costly here (both sending and receiving), so much so that I simply do not accept them. For sending a wire, yes, I use Transferwise and it works flawlessly so far and I like it. The problem with that system is trying to figure out how to accept (rather than send) a transfer with an account with them. The FAQ's and the website are insufficient to really figure it out (and I havent as yet). But from what I can tell you can accept money into Transferwise and then use it to pay back out again, just like Paypal was in the beginning. As far as I know there isnt yet a method to transfer funds out of Transferwise and into your bank account.[/QUOTE]
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