TransferWise

An e-commerce business allowing payments and money transfers to be made from through the Internet.

TransferWise can send from either GBP funds (from U.K. bank account) or EUR funds (from a E.U. bank account) to one any of the supported destination currencies and will perform the currency conversion at mid-market rates.

Currency directions:

• British sterling pound (GBP). To Bank accounts in the UK from E.U. (EUR) bank transfers.
• Euro (EUR). To E.U. region banks from UK (GPB) bank transfers
• Polish zloty (PLN). To banks in Poland from UK (GBP) and E.U. (EUR) bank transfers
• Swiss Franc (CHF). To banks in Switzerland from UK (GBP) and E.U. (EUR) bank transfers.

The service is available for sending from an individual account or from a business account.

This ability to send directly to the recipient's bank will likely make TransferWise a preferred method that will allow those in the U.K. or E.U region to send funds when purchasing bitcoins through a person-to-person marketplace, such as the Bitcoin-otc marketplace.

The service was launched in early 2011.

Fees

There is a 1 GBP fee per transfer.

See Also

• CurrencyFair
• Buying bitcoins
• Selling bitcoins
• Secure Trading
• Bitcoin-otc marketplace.

External Links

• TransferWise website