Tell HN: Don't use Wise Business (TransferWise) to receive business payments
Wise Business has changed the number of our USD account on a very short notice - just two weeks. The message was "Your old account details will continue to work until October 31, 2023. After that, any payments sent to these details will automatically be refunded to the sender. And any direct debits using these details will fail."
I can't believe how irresponsible and unwise (pun intended) this is.
We use(d) Wise to receive payments from enterprise customers. These payments are frequently made on a NET 30 or NET 60 term. The account number is registered in many procurement systems of our customers. Changing it is a huge hassle, and what's worse - there is absolutely no guarantee that it won't happen again.
Don't use Wise Business for receiving payments. Always assume that your account numbers can change at any moment on a short notice.
I can't believe how irresponsible and unwise (pun intended) this is.
We use(d) Wise to receive payments from enterprise customers. These payments are frequently made on a NET 30 or NET 60 term. The account number is registered in many procurement systems of our customers. Changing it is a huge hassle, and what's worse - there is absolutely no guarantee that it won't happen again.
Don't use Wise Business for receiving payments. Always assume that your account numbers can change at any moment on a short notice.