Wise offers a feature called Money to Email, which allows you to send money to someone even if you don't have their bank details. This is particularly useful when the recipient doesn't have a Wise account.
How it works at Techspert:
- Techspert initiates the transfer: When setting up the transfer, Techspert uses your email address instead of your bank details.
- Recipient notification: Wise sends an email to the recipient with a secure link.
- Claiming the money: The recipient clicks the link, enters their bank details, and the money is transferred to their account.
- Time limit: If the recipient doesn't claim the money within 7 days, the transfer is automatically cancelled, and the funds are refunded to the sender.
Key Points:
- The recipient doesn't need a Wise account to receive the money.
- The process is secure, and the recipient's information is protected - Techspert doesn’t need to collect or store any bank details.
- Unclaimed transfers are automatically refunded after 7 days.
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