There was a time when cross-border currency exchange was only limited to a few applications like Paypal and Western Union. everything has changed now and we are seeing a lot of new companies who are helping in these kinds of transactions. First Option Recovery finds out that one of the most popular money transfer applications, TransferWise is indulging into a serious scam that very few customers know about. Although transfer wise commits to the fact that it can send money to a different overseas bank account up to 8 times lesser than that of bank charges, we do have some serious doubt regarding this application. Do read this article till the end to find out what we know so far about the transfer wise scam.
First Option Recovery, a firm dealing with scams of all kinds all across the globe (also included Transfer Wise Scam), has been in the business for over a decade with more than 3000+ cases handled and over $19 million recovered. The firm, headquartered in Albany, New York is at its forefront handling all the complex financial cases with ease and professionalism and with a 90% above success rate. Our unique methodology of dealing with crypto scams (primarily bitcoin scams) have made us the numero uno choice among all fund recovery programs across the globe.
How did the Transfer Wise scam originate and how did it get caught?
Our team at First Option Recovery decided to use TransferWise services and guess what, we found out something was fishy. When we checked aur account on the day the transfer was supposed to be completed, we realise that the money has still not reflected in our account. The very next day, we call their customer support and although the support was extremely laggy and unknowledgeable in nature, they said that they need further documentation and would call us in a day or two. One of the very first signs of the transfer wise scam.
We found out that the money was never transferred at all. In fact, what the company did that they returned the money but took a small commission out of the lot. In simple words, the money was never transferred and the commission was taken. This was not only with us but thousands of our customers when they wanted to transfer their money. First Option Recovery highly suggests you to stay away from the Transfer Wise Scam.
They also have a pretty messed up customer service where they don’t respond properly to customer requests and also have long waiting times. Transfer wise scam would not have been suspected if they had some better customer service where they would be vocal about how the money had been lost in the transfer and how they took a small commission out of it without us knowing. Who knows the commissions could be large depending upon the amount of money transferred.
What to do if you have been a victim of the Transfer Wise Scam?
In spite of all the warnings, we might lose our money in the Transfer Wise Scam, no matter how many precautions we take. You can file a complaint with the regulatory authorities but we think it would be of no use. The best option is to contact us here at First Option Recovery. Our firm has been a nightmare for all the fraudulent forex brokers across the world and has been steadfast in improving its presence on a much larger scale, owing to the amazing team of attorneys, bankers and private investigators that have been a part of the team for more than a decade now.
We are dedicated to helping clients recover funds from all across the globe. With a presence in over 22 countries and counting and a top-class team of attorneys, bankers, and private investigators, you can expect the best-in-class services from us without an iota of doubt. We do make sure that you sign a confidentiality agreement before we agree to work on your case so that all your information is sealed from top to bottom and our No Win No Fee guarantee will make sure that the money reaches you and then only we get our due credit.