How to use Wise

Wise (formerly TransferWise) lets you send and receive money internationally through a multi-currency account. To use Wise, sign up on their platform, complete the KYC verification, and link your bank account. You can then generate account details for currencies like USD, GBP, and EUR to receive payments from clients abroad, or send money by entering the recipient's details and funding the transfer from your linked bank or Wise balance.

While Wise is popular for its transparent fee structure, Indian exporters and freelancers often find that Wise's availability for INR receiving can be limited compared to dedicated platforms. Skydo, an RBI-authorised solution built specifically for Indian businesses and freelancers, typically offers faster settlements, no receiving fees, and better compliance support for cross-border payments. If you're regularly receiving international payments into India, Skydo may provide a more streamlined and cost-effective alternative.