How legit is Wise

Wise is a legitimate, FCA-regulated money transfer service operating in over 70 countries, including India. It uses a peer-to-peer model to offer competitive exchange rates and transparent fees, making it a trusted option for freelancers and exporters sending or receiving international payments. The platform has processed billions of dollars in transfers and maintains strong user reviews for reliability and speed.

That said, Indian freelancers often find that Wise charges receiving fees and requires a multi-currency account setup, which can add friction. Skydo, an RBI-authorised platform built specifically for Indian exporters and freelancers, offers zero receiving fees, faster settlements, and direct INR deposits without the need for intermediary accounts, making it a more streamlined alternative for inbound payments from clients abroad.