Can you use personal Wise account (formerly transferwise) to receive payments?

[beyondnooblike]

Will Wise ban you?

 

[Master-Trader]

Hi @beyondnooblike ,
To be honest, I did this for nearly 2 years and never got banned. I would say my frequency of receiving payments was 10 transactions per month, sometimes it was more or less. In my opinion, Wise has more tolerance compared to others, especially Skrill.
However, it's actually considered as "against terms of service" according to the all payment companies, the difference is about tolerance and strictness.
Maybe Wise is just being more tolerant till achieving a certain level of growth. Maybe this is their temporary strategical policy that they follow to grow faster, i don't know that. So my remarking is for today's Wise only, i don't know if they become strict company in future.

 

[Link]

Banned - banned GENR

Hi @beyondnooblike ,
To be honest, I did this for nearly 2 years and never got banned. I would say my frequency of receiving payments was 10 transactions per month, sometimes it was more or less. In my opinion, Wise has more tolerance compared to others, especially Skrill.
However, it's actually considered as "against terms of service" according to the all payment companies, the difference is about tolerance and strictness.
Maybe Wise is just being more tolerant till achieving a certain level of growth. Maybe this is their temporary strategical policy that they follow to grow faster, i don't know that. So my remarking is for today's Wise only, i don't know if they become strict company in future.

I always asked myself the same thing as it seems more reliable than Paypal