Is it better to use Tide or Wise for a UK business account?

[rsot]

Originally Posted by aslam

Due to no activity on the account for more than 6 months

valid sounding

[degsey69]

Originally Posted by Hank

...or see this link below given we're talking about a UK business account.

https://uk.trustpilot.com/review/wise.com


Nearly all of those on the link you gave were trying to use it as a money transfer service. For business banking there are very few issues, I've used them without any problems whatsoever for many years now.

If you look, the OP is in China and will be doing plenty of money transferring to China from the UK, so my link was placed there to illustrate that they have loads of complaints on foreign transfers.

[Hank]

Originally Posted by degsey69

If you look, the OP is in China and will be doing plenty of money transferring to China from the UK, so my link was placed there to illustrate that they have loads of complaints on foreign transfers.

Fair enough but as a banking service it will work just fine. If we're going to be pedantic they can convert it to Yen and simply transfer it to their own attached bank account, maybe even simply spend it straight out of their Wise account, it does offer pretty comprehensive banking services after all with physical and virtual cards, direct debits etc which is not quite the same as currency conversions and transfers between unconnected accounts which I'll wager is what most of the complains on your link are for. Folk just don't seem to realise they're not running a Western Union style operation.

[kengshu]

Originally Posted by Hank

...or see this link below given we're talking about a UK business account.

https://uk.trustpilot.com/review/wise.com


Nearly all of those on the link you gave were trying to use it as a money transfer service. For business banking there are very few issues, I've used them without any problems whatsoever for many years now.

Use wise business account to transfer funds? Or used for platform collection Such as ebay Amazon?

[kengshu]

Originally Posted by Hank

Fair enough but as a banking service it will work just fine. If we're going to be pedantic they can convert it to Yen and simply transfer it to their own attached bank account, maybe even simply spend it straight out of their Wise account, it does offer pretty comprehensive banking services after all with physical and virtual cards, direct debits etc which is not quite the same as currency conversions and transfers between unconnected accounts which I'll wager is what most of the complains on your link are for. Folk just don't seem to realise they're not running a Western Union style operation.

At present, have tried to transfer money from wise to my Sunrate and Airwallex accounts, and it is very fast and convenient.

[degsey69]

Well done, I hope it lasts for you without any issues.

[md198989]

I've received your friend Requests. Unfortunately I failed to send you private message.

I'm not sure if this forum could shows Chinese Characters. Please contact me by Wechat. You could find me by my username

[kengshu]

Originally Posted by md198989

I've received your friend Requests. Unfortunately I failed to send you private message.

I'm not sure if this forum could shows Chinese Characters. Please contact me by Wechat. You could find me by my username

ok, added you .pal

[rsot]

connection time

[kengshu]

Use Wise for payment. Sold about 700 pounds, probably due to the fact that I listed an infringing product, resulting in MC999. DEAD！

[padi blue]

Originally Posted by kengshu

but i don't live in uk，seems not able to get one

你的问题的到解决了吗， 大家可以讨论下。

[kengshu]

Wise business account to receive payments from eBay is OK. Transfer the money back to CN through a foreign exchange settlement company.
It’s just that the store encountered MC999, and it’s impossible to know whether the Chinese passport and the British company of the Chinese legal person can pass the review. Falling before dawn.

[cpadhk07]

did you try payoneer Global Payment service? which provide UK Bank info for get payment.

[murdered_by_ebay]

Originally Posted by kengshu

Wise business account to receive payments from eBay is OK. Transfer the money back to CN through a foreign exchange settlement company.
It’s just that the store encountered MC999, and it’s impossible to know whether the Chinese passport and the British company of the Chinese legal person can pass the review. Falling before dawn.

I think I wrote to you before that all such accounts will be suspended unless the documents show the company is owned and run by residents

[kengshu]

Originally Posted by murdered_by_ebay

I think I wrote to you before that all such accounts will be suspended unless the documents show the company is owned and run by residents

The account has not submitted any documentation yet. So it's impossible to determine whether 'residents' are necessary

[kengshu]

Originally Posted by cpadhk07

did you try payoneer Global Payment service? which provide UK Bank info for get payment.

'payoneer Global Payment service' , do not know about it .

[yobar]

Originally Posted by kengshu

'payoneer Global Payment service' , do not know about it .

Payoneer works with eBay payments for Latin America and some European countries.

[Badboy187]

Originally Posted by kengshu

I have registered UK company and have registered Wise business account. Checked the forums, not sure using Wise or Tide.

Wise is one of my go to banks. No issues so far.

[adam75]

Originally Posted by kengshu

Wise business account to receive payments from eBay is OK. Transfer the money back to CN through a foreign exchange settlement company.
It’s just that the store encountered MC999, and it’s impossible to know whether the Chinese passport and the British company of the Chinese legal person can pass the review. Falling before dawn.

It looks that the MC999 review and your business's account present some challenging challenges for you to deal with. With any luck, the British firm and your Chinese passport will be able to bypass the review process, enabling easy transactions and peace of mind. Wishing you luck!

[winge00]

Comparing Tide & Wise business account, Tide is no good when it comes to fees, They charge fee on each transaction,

[dano]

I'm using wise and it's all ok. Never used tide

[rsot]

Originally Posted by winge00

Comparing Tide & Wise business account, Tide is no good when it comes to fees, They charge fee on each transaction,

How rough is the fee?