Wyre Description
Wyre offers an extensive range of top-notch payment APIs designed to enhance your fintech application. You can accept payment methods tailored to your customers' preferences, facilitating seamless transactions. With just a single API call, you can process global payouts to over 130 countries. Additionally, you can create compliant accounts that carry out KYC checks efficiently. Your application can also integrate cryptocurrency features, allowing you to send, receive, and manage digital assets through our Secure Wallets API. Our API also supports the exchange of fiat and cryptocurrencies, ensuring a versatile financial solution. Wyre stands out with its competitive pricing and execution, providing you with favorable rates and assurance regarding the safety of your assets. For those looking to partner with us, we offer an expedited market entry, enabling you to launch in as little as six hours rather than the typical six months. We are harnessing the power of blockchain technology to create the fastest and most cost-effective methods for international money transfers. Our dedicated team consists of payment experts, blockchain enthusiasts, product specialists, and technology aficionados. Together, we strive to blend experience and smart solutions with innovation and opportunity in the financial space, fostering a collaborative environment that drives success.
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Their Initial Approval Process TAKES TWO WEEKS - Failed Transactions Edited: Apr 19 2022
Summary: I initiated the sign-up process 10 days ago on March 15th. Their support on line is ridiculous. You cannot talk to them on the phone. Extremely disappointing service. The questions concerning how long I have used this product and how often do not apply since I have not been approved yet. I only wish that LEDGER would not give them any type of recommendation in their LEDGER LIVE app. Do NOT use WYRE in its present form. They need to fix their processes.
About six hours after I wrote this review after not hearing from the approval team at WYRE for three days I received an email that my account was approved. TEN DAYS FOR AN ORGANIZATION TO APPROVE AN ACCOUNT TO ME IS EXTREMELY EXCESSIVE. They need to streamline their approval process to be more responsive IMHO.Positive: So far I have nothing positive to say about this service. I am using a Ledger Liver hardware wallet and this is one of the services available to buy crypto with that wallet in the U.S.
Negative: They want photographs and will not accept a hi-res scan of your ID items. That is ridiculous. I am 70 and my hand is not steady enough to take good clear photos with my cell phone so I usually use my hi-res scanner. I have done this with many other companies and have never had them my documents questioned.
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More problems with WYRE: Transactions never get completed. I have had three transactions which took a ridiculous FIVE business days to complete and then failed because their system could not properly interface with the Cash Management system at Fidelity. They need to go back to the drawing board and fix their system. It is really sad because LEDGER mentions them for users in the USA. I tried TRANSAK and that system is reliable and completes transactions in near real time. With the fluctuations in the crypto market you cannot wait five days to complete a transaction.
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