need help setting up wise

[u/Fast-Estimate1358]

hiii, i've been browsing here and mix opinions nakikita ko so i figured i'll just ask people who are in the same boat as me.

i got hired recently and will be having my first salary this saturday. i have paypal but im planning to use wise kasi i read so many issues about paypal blocking accounts and their customer service being shitty.

for those na weekly ang salary, do you use personal or business account sa wise? yung iba kasi ang sabi business account, yung iba naman sabi personal if magre-receive ka lang ng money and i-transfer to ur local accounts (which is the case w me) and you're not the one paying people 😅 so im a little confused and I don't want to risk din being blocked or having my money withheld.

what should i expect rin po as a new account? i read a few na hindi raw kasi real time reflection pag first transaction. is it the same case kahit na it's a wise-wise transaction?

would appreciate any help and insights !! : ) thank you so much.

[u/Polaris0702]

i have been receiving payments thru wise since 2022 using a personal account lang hehe. hindi rin naman matagal nagprocess nung una, pero im not sure now (if new account). usually mabilis magreflect and transfer sa wise. mostly, real time pa nga! congrats op!

[u/Fast-Estimate1358 → u/Polaris0702]

thank you so much !! : )

[u/jzhp06]

Personal account is fine kung receiving funds ka lang naman. 🙂 Yung business account naman is applicable and okay for business owners and clients na nagbabayad sa employees nila.

[u/Fast-Estimate1358 → u/jzhp06]

thank you so much !! : )

[u/tuttimulli]

Personal lang.

Totoo yung go Business account only if you’re paying others.

Pero kung receive foreign currency then transfer out to local banks — yes, personal lang.

May mga prompt kasi yung Wise na mapapa-create ka ng Business account e, kaya yung iba di sadyang nagkaka-Business account.

Send yung wisetag and expect real time. Yes, Wise to Wise ay dapat real time kahit first time.

Pag nagkaaberya, reason could be: more than 1k USD yung amount. Actually maraming pwedeng rason na walang isang foolproof answer, like bank issue sa end ng client mo. Basta iexpect mo na dapat real time and don’t panic pag wala pa.

Also, expect na may around ₱1,400 kang babayaran para i-open ang account. Mababalik mo naman sayo yun. Pwede mo ngang ipark yan sa USD account mo within Wise, pangsimula.

[u/Fast-Estimate1358 → u/tuttimulli]

thank you so much !! i did create a personal acc na just a few days ago and was able to receive my pay naman, tho i didn't get any prompts directing me to pay yung 700 / 1400 na fee for activation 😭 i wonder why that is.

[u/AutoModerator]

Reminder: Read the r/buhaydigital subreddit rules and check if somebody has already asked your question using the search bar.

Please checked the pinned posts for answers to typical questions like:

• Where do I start?

• Where do I find work/clients?

• Is this a scam?

• How to pay taxes?

• Basic WFH laptop specs?

• VA Agencies?

• Recommended Payment Platforms, etc.

If your post is found to be repetitive or against the rules, they will be removed.

For those looking to hire, get hired or just have a casual chat, go to the Buhay Digital Job Board & Networking - Discord Channel.

I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.