If you are accepting bank transfers from customers abroad, you are likely to face steep bank fees. To get an idea of how much you could save by using an alternative payment provider such as TransferWise, look at the example below. On a £1000 transaction, you get €60 more with TransferWise.
|
TransferWise |
Your average bank |
GBP/EUR |
|
|
Fees |
£ |
|
You get |
€ |
|
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