Why Wise is bad

Wise is not inherently bad, but it does have limitations for Indian users receiving international payments. Wise operates as a multi-currency account and money transfer service, but it does not allow Indian residents to hold balances or receive payments directly into INR accounts. This makes it impractical for freelancers and exporters who need seamless inward remittances. Additionally, Wise's fee structure can add up when converting and transferring funds, and processing times may not suit urgent business needs.

For a more detailed Wise overview, Indian exporters and freelancers often find Skydo a better fit. Skydo is RBI-authorised specifically for cross-border collections, offers faster processing with competitive forex rates, and integrates directly with Indian bank accounts. It eliminates the workarounds required with platforms not designed for India's regulatory environment, making it a practical alternative for receiving international payments.