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Wise
https://www.wise.com
Overview
Wise (formerly TransferWise) offers international money transfers at the real mid-market exchange rate with low, transparent fees. For importers paying Chinese suppliers, it's significantly cheaper than traditional bank wire transfers and offers faster settlement times.
Best for
Paying suppliers, currency conversion, multi-currency accounts
Pricing
0.41-1% fee depending on currency pair
Pros
- Real exchange rate with no markup
- Low transparent fees
- Fast transfer times
Cons
- Not available in all countries
- Transfer limits may apply