Hi! First time poster here. I own a smallbusiness and offer commissions. My clients can pay via bank transfer or PayPal. One client has now stated that they wish to pay with the money transfer service Wise. I’ve never even heard of that service up to now and am wondering if this means anything specific for this transaction? Can they simply transfer? Does this come with any problems for my, the receivers, side? Thanks for your advise. :)
Is this a new customer? Or an existing customer? As a rule I don’t accept alternate forms of payment unless it’s an established customer I trust and want to keep them happy. I have stripe so that works for almost everyone. I also accept checks which works for the rest.
If they want your banking info to use wise or another payment service it could be a scam(even if the payment service is legit). For instance they get you banking info then transfer money out to a domestic bank then an international bank. You may not even realize they are the ones that scammed you as they may complete the original transaction.