[omnimus]

Any of these companies can lock you down including any bank. I am sure Wise made damages to many people. Paypal does this as core of their bussines strategy though. It happens to everyone. Especially if you can afford to pay (which they see).

My personal experience with both Paypal (we are forced to use) and Wise is that Paypal does is setup completely against users. There are many hidden fees, no guarantees and they just exploit their position. For example if you are based in country with different currency than the one you are in (somebody sends you USD and you use EUR) Paypal will automatically convert the money to EUR with their outrageous fee (basically taking 5% just on top of all other charges). There is no way to avoid this, you cant send money to USD account even if it’s in country you are based in.

Wise on the other hand saves people money. The fees are visible. Conversion rates are better than what most banks give you. Their services evolve (like you can get debit card now).

Paypal and Wise in my experience cannot be further from each other.

[CyanBird]

Wise simply does not work on many countries because of the way that they use to send the deposits, it is not a direct bank transfer, far from it, so it just doesn't work to receive money (speaking from Uruguay)