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How not to get burned when buying real estate in Europe
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How not to get burned when buying real estate in Europe

News Desk
News Desk
January 31st, 2023
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Mr. Cross said because funds are sent directly between accounts, TransferWise is a very secure method of transferring cash. He said TransferWise must comply with Know Your Customer legislation, which includes sender and receiver identity verification.

He also said it is rare to see a marked imbalance between the collective amounts being transferred between countries. When it does happen, TransferWise accesses local currency so there is no delay in customers receiving money.

“Early on we made the decision we shouldn’t make people wait,” Mr. Cross said.

Mr. Cross said TransferWise is seeing its biggest growth in the United States, which is only natural given it is the world’s largest market. When new currency routes are considered the company has a fairly organic strategy. They simply follow expressed demand for the service.

“Where the traction is we double down,” he explained.

While TransferWise does advertise, they also follow the maxim of building a better product and letting the customers find them.

“Satisfied customers have driven much of our growth through word of mouth.”

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