Wise Test Wise Receiving Global Payments 3

Question 1

What information must you provide to a payer sending you money via SEPA bank transfer to your Wise EUR account?

Accepted Answer

IBAN and BIC

Answer

SEPA transfers within Europe require an IBAN (International Bank Account Number) and BIC (Bank Identifier Code).

Question 2

Which Wise feature allows you to receive payments from platforms like Amazon, Fiverr, or Upwork in multiple currencies?

Accepted Answer

Wise account details for supported currencies

Answer

Wise account details can be submitted to freelance or marketplace platforms as your payout bank account for supported currencies.

Question 3

When receiving a payment via ACH into your Wise USD balance, what is the typical settlement time?

Accepted Answer

1–3 business days

Answer

ACH transfers typically settle within 1–3 business days depending on the sending bank's processing schedule.

Question 4

If a payer mistakenly sends funds to your Wise account that were intended for someone else, what should you do?

Accepted Answer

Contact Wise support to initiate a return of funds

Answer

You should contact Wise support, who can coordinate with the sending bank to return misdirected funds.

Question 5

Which type of Wise account provides access to account details in the most currencies for receiving payments?

Accepted Answer

Wise Business account

Answer

Wise Business accounts typically offer account details in more currencies and higher receiving limits compared to personal accounts.

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