Wise (formerly TransferWise)
Full Payment Instructions
TransferWise (now known just as 'Wise') is a superb, award-winning currency transfer option whose fees for both you the buyer and we the seller (particularly if you are non-UK based) are very significantly lower than PayPal: see
Fees Comparison: https://transferwise.com/
To be clear, although TransferWise is a currency transfer system not a dedicated buyer protection system, your bank still protects your purchase and our business is of course legally registered, traceable and subject to UK customer protection laws.
If you are not already a TransferWise user, register with this link to ensure your transfer is completely fee-free!
Once you've registered we are directly payable as email@example.com via your computer and Wise's webpage or phone with their app. Instructions for each are below, with screenshots, so just scroll to the relevant section.
Please note: we need to receive GBP, not EUR, USD or any other currency!
The top box must be your currency: "You send USD/EUR/CAD etc."
The bottom box must be our currency: "Recipient gets GBP"
PLEASE PUT YOUR NAME AS THE PAYMENT REFERENCE! WE HAVE NO OTHER WAY TO TRACE THAT THE PAYMENT IS YOURS!
Wise is a Wire Transfer service so works best (and for free!) with your bank account, not linked to a credit card who may charge a fee.
By Laptop/Desktop at wise.com
1) Login and click the green Send Money button, top left
2) Set the lower "Recipient will get exactly" box to the correct amount of GBP we requested
3) Click the green Continue
4) On the "Who are you sending money to?" screen, click 'Business / Charity' or 'Business / Organisation'
5) In 'Their email' enter firstname.lastname@example.org
Important Step 5 Tip: Ensure you untick "I know their bank details" or Wise can't autofill our details based on our email address.
6) It automatically fills in 'Stochastic Instruments Ltd GBP account ending with 6227'
7) It may ask for the business name at the top: just enter "Stochastic Instruments Ltd"
8) Click Confirm
9) Check details and add your name & order in the Reference
10) Click Confirm & Continue
By Phone with the Wise App