Thursday, July 06, 2023

Wise.com is Very Wise Indeed for My Financial Transactions Across Melanesia

In case some people might quickly think wise.com is the same is paypal.com, let us see the difference first:

What is the difference between PayPal and Wise?

PayPal and Wise offer different products or services, and thus have different fee structures. PayPal allows you to pay for purchases, but you can't transfer money to individuals with PayPal, whereas Wise lets you send money abroad, but doesn't have a purchase payment service.
27 Apr 2023 

I quote this directly from google.com search.

My Experience in Transferring Money in Melanesia

I have very bad experience in dealing with money and banks across Melanesia: West Papua, Papua New Guinea, Solomon Islands, Fiji, Vanuatu and Kanaky. Most of the experiences I am explaining here are from The Independent State of Papua New Guinea (PNG).

Experience 1.: They Asked me Where Did I get the Money From?

I went to the bank, wanted to deposit PNGK10,000.00 (In Words: Ten Thousands Kina Only), but they bank asked me this, "Where did you get the money from?"

Experience 2. They asked me to Deposit in Two Separate Slip, PNGK5,000.00 each slip

When I wanted to deposit PNGK10,000.00, then the banker told me to fill up two separate deposit slips, with each slip containing PNGK5,000.00. When I asked them why, they told me it is the bank's policy, they are just instructed to do so.

Experience 3. They told me I can only send to the same person with the Same Family Name

This happened with Western Union Money Transfer at Gordons, Port Moresby, Papua New Guinea. They told me that the person receiving the money, if he/she is your family, then the receiver should have the same family name. If not, they told me to say in the transfer that the receiver is not my family. 

Experience 4. Western Union PNG told me the limit only PNGK3,000.00

Other times they told me that the limit is only PNG3,000.00 and if more, I cannot send it.

Experience 5. I have to get my ticket before I report the bank to waive restrictions on my card to withdraw cash in other Melanesian countries.

The day before yesterday, I went to bank here at Vision City, Port Moresby and asked them to waive restrictions on my card in order that I can withdraw money from other Melanesian countries. they told me I have to provide my flights tickets in order to make it happen. 

12 months ago, I did the same thing, waive restrictions for 10 months in Indonesia, and they never asked me the flight tickets. So what is this? 

Now, what wise.com doing against these stories of experiences?

Wise.com is telling us now, here, FORGET ALL THESE HASLES and complications. Make your life easy and happy. Simplify your banking system and free up your travel restrictions.

So what is wise.com?

On its front page, we can read the following statement:

Save when you send worldwide

Get your money moving internationally. Save up to 9x when you send with Wise.

What does it mean?

I have said repeatedly to my colleagues, this is a product created by someone out there, who love humanity, who want to promote human rights and who is very wise towards humanity. Wise is the safest, cheapest and fastest money transfer worldwide.

I said it is created with humanitarian wisdom to help humanity, because with its cheap charges, every human being around the world can do financial transactions easily, cheaply and quickly.

I said it is cheaply, because the charge for transfer is not more than USD10.00 or around USD10. Many transactions with bank accounts cost between USD50.00 to USD100.00 and even more. Particularly in developing countries, this has been the most difficult thing to do. When people want to send small money, but sometimes the charges equal to the amount to be sent. This has now completely wiped out by wise.

I said it sends money quickly because it can send money within 1 second to some hours, but not more than 3 days, no matter week days or weekends. It always sends very fast.

I said it sends money easily because there is no need for showing many complicated statements, IDs, and procedures as we normally experience when sending via bank account. Both Online Banking and Onsite banking at bank counters do apply various procedures after queuing up for some hours before the counter. Now I can do it from wherever I am, at all time, and can send to everyone, all time.

What you can do to own a wise account?

  1. First of all, you can click here wise and then follow the instructions to register the account.
  2. Secondly, if you find it not easy, then we will do it for you: CLICK HERE. What you need to do is to provide us with your NID (both front and back side of your NID).
  3. Thirdly, please email us at papuamart@gmail.com


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