Wise is an international money transfer service known for its low fees and fair exchange rates. At Twenix, we use Wise to ensure smooth and cost-effective payments for our teachers.
Key Features:
- Competitive Fees: Wise offers minimal fees for currency conversion and transfers.
- Real Exchange Rates: Uses mid-market rates for currency conversion, ensuring you get the best value.
- Global Reach: Available in many countries, making it ideal for international teachers.
Process Highlights:
- Monthly Payment Requests: Each month, tweachers need to confirm their invoices on the Twenix platform and enter the email address associated with their Wise account.
- No Account Linking: Unlike Payoneer, Wise does not require a one-time account linking. Tweachers enter their Wise details each time they request a payment.
- Email Confirmations: After requesting payment, tutors must finalise the process through an email from Wise. This step is crucial and must be done promptly.
- Fund Transfer: Once the payment is finalised, funds are transferred to the tweacher's Wise account. Tweachers can then withdraw the funds to their local bank account.