Wise com Paypal Alternative for Affiliate Marketers and Freelancers

You can sign up for a Wise.com account here: https://wise.com/invite/u/matthewm1496Show more

Paypal has been freezing many accounts of Freelancers and Affiliates. In some cases they even have been confiscating the balance of accounts through fines.
https://arstechnica.com/tech-policy/2022/01/paypal-stole-users-money-after-freezing-seizing-funds-lawsuit-alleges/

It has become obvious that Paypal is not a reliable payment system. Certainly not a place I would keep any type of important balance.

I have been using Wise.com formerly known as Transferwise to send money to my affiliates.

One great advantage of Wise.com is that it is pretty much available in any country. I have a freelancer who is in Sri Lanka. I paid her using Paypal for awhile then for no reason they cancelled her account.

I then found Wise.com and I have been able to send money no problems every month to Sri Lanka.

As more of my affiliates lost their Paypal accounts I have been using Wise.com to send payments directly to bank accounts all over the world.

If you fund your account, even with just a few dollars, it is free to send payments to other Wise.com members in the same currency as long as they have created some sort of balance.

You can also get a Wise.com debit card for $9. and withdraw $100 per month without any fees.

If you want to withdraw money to your bank account there is a small fee. It is the same as if you were sending to any other recipient.

Paypal does this part free but sending money is less expensive with Wise.com

I think the strategy is to find many different Paypal alternatives and not rely on one billing system. It is more of a hassle but for the security of your business I suggest you diversify. I am.

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