Making payments with Transferwise is very easy. I will try to explain how to use TransferWise and also share my suggestions to make transfers cheaper and faster. First, you need to create an account (assuming you are a new user). You can do it on your laptop or a mobile device, they have apps both for iOS and Android. You also have a nice option to sign up with your Google or Facebook account. The signup form is soo minimalistic that it will take you less than a minute to create an account. If you don’t want to signup with a social account then you will be only asked to provide your email and choose a password for your TransferWise account. You can start sending money immediately:
Step 1: Enter the amount you want to send and the currency you are sending from and to. The exchange rate and total fees will be displayed instantly. You will also see:
- How much you will save comparing to a regular bank transfer
- The estimated delivery date and time
- If the exchange rate guaranteed for 24 or 48 hours. More on that a bit later.
- Option to compare TransferWise fees with other similar payment providers