I have used it for clients from the UK, US and
Canada to great satisfaction at both sides for a couple of years. It saves me up to 5%
per transaction, and it saves the buyer 2.5% that Paypal charges for the conversion.
It is only for international payments, not domestic. The buyer transfers the amount to a local bank account of transferwise. Then the receiver gets
his money from a transferwise account in
his home country. This avoids the intransparant and sometimes very expensive bank conversion fees.
Regards
Gert