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Wise (www.wise.com)
Global Payments & Money Transfers Made Easy

Why does CNXtrans recommend Wise?

Wise is ideal for businesses which pay and receive payments internationally. Pay and get paid internationally at the best exchange rates and lowest money transfer fees - up to 6 times cheaper and much faster than using your bank. Pay your suppliers in China (including CNXtrans) or anywhere around the world using Wise (wise.com)

Make and Receive Fast and Cheap International Online Payments via Wise

Wise is the new fastest and cheapest way for businesses and individuals to make & receive international payments and transfers

International Money Transfers at the lowest fees and best exchange rates

International Money Transfers at the lowest fees and best exchange rates

International payments and money transfers are an important part of doing business in the modern globalized world. Wise helps you make and receive international payments at the actual exchange rates (instead of the marked up exchange rates that banks give you) and at very minimal fees (up to 6 times cheaper than what your bank charges you). Wise therefore enables your business to enjoy huge business savings when making and receiving international payments to and from most major countries around the world. For those buying from suppliers in China, Wise can also be used to make fast and cheap USD transfers to your suppliers in China. 

Get Virtual Bank Accounts in 9 Different Countries to receive payments like a local

Get Virtual Bank Accounts in 9 Different Countries to receive payments like a local

Wherever your business is based, enjoy access to your very own online virtual banks in 9 different countries and currencies including USA (US Dollars), United Kingdom (British Pounds), Belgium (Euros), Australia (AUD), New Zealand (NZD), Singapore (SGD), Canada (CAD), Hungary (Hungarian Forint), Turkey (Turkish Lira) with more coming soon! This enables you to receive payment like a local in these 9 different currencies, making it much easier for your customers around to world to pay you. You can convert the foreign currency payments to your own currency anytime and transfer the money from Wise to your own bank account 

Convert and Hold up to 54 Different Currencies in your Wise Account

Convert and Hold up to 54 Different Currencies in your Wise Account

Use Wise as a multi-currency online bank account to hold up to 54 different major currencies at no charge depending on your specific business needs. Convert between different currencies at the best exchange rates (typically the same rates that you see on Google) at very minimal fees. Enjoy huge cost savings over using your traditional bank to convert currencies - traditional banks usually give you an exchange rate anywhere between 1-3% inferior to the actual exchange rate. Using Wise to convert among different currencies therefore enable your business to enjoy even more cost savings. 

Enjoy the actual exchange rates you see on Google, instead of the exchange rate your bank charges you

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Traditional banks give you an exchange rate anywhere between 1-3% inferior to the actual exchange rates. Wise on the other hand enables you to enjoy the actual exchange rates that you see on Google

Get your Own Virtual Bank Accounts in the following 9 countries

(More to be added soon) 

Easy & Fast payments/money transfers to your supplier's bank accounts in 80 countries worldwide (including China)

Easy & Fast payments/money transfers to your supplier's bank accounts in China or any of 80 countries worldwide

Use Wise to make fast, easy and low cost payments/money transfers to your suppliers in China and around the world. Your supplier does not need to have a Wise account - all you need is their bank account details. 

 

Wise allows you to send transfers to suppliers in China in USD, if sending to a business bank account. If sending to a personal bank account in China, you can even convert to Chinese Yuan (CNY) and send payment directly in Chinese Yuan.

 

For your suppliers, employees and or any other organization or person elsewhere around the world which you need to send payment to, you can also pay them in any major currency like USD, Euros, British Pounds, Canadian Dollar, Australian Dollar, Japanese Yen, Singapore Dollar or any other major currency - Wise allows you to hold, convert and transfer up to 54 different currencies at the best exchange rates. Therefore you can convert to the currency your supplier prefers to receive payment in and send payment to their bank account fast and easily through Wise.

Depending on the country you are sending payment to, payment can typically be made via, bank transfer, credit/debit card or simply transferring directly from your Wise account balance (other payment methods may also be offered depending on the country). 

Easy & Fast payments/money transfers to bank accounts in the following 80 countries 

Easy & Fast payments/money transfers to bank accounts in the following 80 countries 

Hold, convert & send payments/money transfers in 54 currencies

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Get a Wise Debit Card 

Get a Wise Debit Card 

Use your Wise Debit Card for online payments or in-store payments anywhere around the world. Your Debit Card will be linked to your Wise multi-currency account. Spend anywhere in the world at the real exchange rate (same exchange rate you see on Google) instead of the inferior exchange rates that debit card companies and banks will typically give you. Enjoy zero transaction fees when you use your Wise debit card. Withdraw cash from ATMs around the world - ideal for frequent travelers and online business owners. 

About Wise

About Wise

Wise (formerly Transferwise), is an online multicurrency digital bank account which enables customers to send and receive money internationally across 80 major countries in 54 major currencies quickly, efficiently and at the best exchange rates (like the ones you see on Google). The receiver does not necessarily need to be registered on Wise - you'll just need their bank account details. With Wise, making and receiving international money transfers are made easy and cost-efficient for international businesses. 

Additionally, Wise users get access to their own virtual bank accounts in the US, EU, UK, Australia, Canada, Singapore and more (with even more coming soon), enabling customers/clients around the world to pay you easily and conveniently like they would pay any local. Furthermore, you get access to a Wise Debit card which you can use for making online and offline payments, along with ATM withdrawals all around the world. 

 

Wise started out as a simple overseas money transfer service in 2011. It was co-founded by Taavet Hinrikus (one of the founding members of Skype) and Kristo Käärmann (an experienced financial services consultant). Wise headquarters are in London, but the company now has offices all around the world.  

Why is sending money internationally cheaper through Wise than with traditional banks?

 

When you want to send money abroad with Wise it feels like the money is going straight from your bank account into your recipient’s account.

In fact, there’s a bit more going on behind the scenes. Wise has accounts all over the world. When you want to send money abroad, you actually pay with your local currency into Wise’s local account. Then the Wise account in the overseas country you want to send money to will send local currency to the recipient. The money you pay never actually crosses borders.

For example, imagine you are sending money from the UK to family in the US. You would log in to your Wise account and link it with your British bank account, you would also enter your US recipient’s bank details. This is just like setting up a new payee in your bank account.

When ready, Wise will transfer the requested amount of British pounds (£ GBP) into their own UK account. Wise would then alert its US account, which would then send the agreed amount of US dollars ($ USD) to the recipient. The company makes its profit through fees on these transactions, which are clearly calculated upfront before any commitments are made. To get an idea of how much cheaper it is to use Wise for international money transfers compared to traditional banks, you can use their converter on their home page before you even have to register.

Shipping Internationally from China by air, sea or rail? Use CNXtrans

CNXtrans Office

CNXtrans is a China-based all-in-one comprehensive export facilitation service offering purchasing, logistical and shipping solutions to international customers all over the world looking to export from China. We offer door-to-door and door-to-port international shipping from China to more than 200 countries worldwide via air, rail (for shipments to Europe only) or sea. We also offer a purchasing (Buy-For-Me) service for customers who need help purchasing on websites like Taobao, Tmall, 1688. JD.com, Alibaba, Amazon.cn, Dangdang. Mi.com and Kongfz before shipping internationally to them. Our warehouses in China are located primarily in Shenzhen, Guangzhou and Shanghai. You may use our warehouses in China to store, repack and consolidate your packages before shipping internationally to you. Whatever product you wish to export from China, feel free to contact CNXtrans to handle the purchasing and/or international shipping from China for you.