Wyre Description
Wyre offers a variety of top-quality payment APIs that can be used to power your fintech applications. Accept localized payment methods that your customers want to use. With just one API call, send global payouts to more than 130+ countries. You can create compliant accounts that carry out KYC checks on customers. Your application can offer crypto. Our Secure Wallets API allows you to send, receive, and manage cryptocurrencies. Our API allows you to exchange fiat and cryptocurrency. Wyre offers competitive pricing and fast execution. Wyre offers excellent rates and provides peace of mind that your assets are safe. To become a partner, contact our team and you can go to market in just 6 hours instead of 6 months. We are using blockchain technology to create the most efficient and cost-effective way to transfer money internationally. There are no strings attached. Wyre is a team made up of payment gurus and early adopters of Blockchain, product experts, and tech enthusiasts. We all work together to bring together intelligence and experience, while also allowing for innovation and opportunity.
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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.