Wise Test Wise Receiving Global Payments 5

Question 1

What should a US freelancer do if they want to receive AUD payments from Australian clients without currency conversion?

Accepted Answer

Open an AUD balance in Wise and share the Australian account details provided

Answer

Ask the client to convert AUD to USD before sending

Answer

Use Wise's debit card to accept AUD payments at point of sale

Answer

Set up a recurring currency swap in Wise

Question 2

Which of the following scenarios would result in Wise rejecting an incoming payment?

Accepted Answer

The payment originates from a sanctioned country or entity

Answer

The payment is sent as an ACH transfer

Answer

The payer uses a credit union instead of a major bank

Answer

The transfer amount exceeds $1,000 USD

Question 3

After receiving funds in GBP on Wise, what is the most cost-effective way to convert them to USD?

Accepted Answer

Use Wise's built-in currency conversion at the mid-market rate plus a small fee

Answer

Withdraw GBP to a UK bank and then wire USD back

Answer

Use a third-party forex broker

Answer

Transfer to PayPal and convert there

Question 4

A payer sends money to your Wise account details but includes an incorrect reference. How does this affect the transfer?

Accepted Answer

The funds still arrive in your account; the reference is for your records only

Answer

The transfer is automatically rejected by Wise

Answer

The funds go into a Wise suspense account for 30 days

Answer

The exchange rate is penalized for missing reference data

Question 5

What does Wise's transaction history feature allow you to do regarding received payments?

Accepted Answer

Download statements, filter by date or currency, and export to CSV

Answer

Dispute transfers directly from transaction history

Answer

Edit the amount of received transfers for accounting purposes

Answer

Share transaction history directly with tax authorities via API

Question 6

Which Wise account tier is required to access batch payment and invoicing features that can help track multiple incoming client payments?

Accepted Answer

Wise Business

Answer

Wise Personal with verified ID

Answer

Wise Premium (paid subscription)

Answer

Any Wise account regardless of type

Question 7

If a payer's bank charges a fee when sending money to your Wise account details, who is responsible for that fee?

Accepted Answer

The payer — their bank's outgoing transfer fee is the payer's responsibility

Answer

Wise deducts it from your received amount

Answer

Neither party — Wise reimburses third-party bank fees

Answer

The fee is split 50/50 between sender and recipient