Wise VS Amazon API Gateway

• Low Fees
  Wise offers competitive and transparent fees compared to traditional banks and many other money transfer services.
• Real Exchange Rates
  Wise uses the mid-market exchange rate, meaning users get the real exchange rate without any hidden markups.
• Fast Transfers
  Many transfers through Wise are processed quickly, often within a few hours or a day, depending on the destination country and payment method.
• Multi-Currency Accounts
  Users can hold and manage money in multiple currencies with Wise's Borderless Account, making it easier for those who deal with international payments regularly.
• Transparent Pricing
  Wise is upfront about their fees and the total cost of a transfer, so users know exactly how much they'll pay and how much the recipient will receive.
• User-Friendly Interface
  Wise offers a clean and intuitive application and web interface, making it easy for users to navigate and complete transactions.

Possible disadvantages

• Limited Customer Support
  Wise's customer support is primarily online, and some users report difficulties in reaching live assistance or having slow response times.
• Transfer Limits
  There are limits on how much money can be transferred in a single transaction or over a period of time, which might be restrictive for some users.
• Lack of Physical Locations
  Unlike traditional banks, Wise doesn't have physical branches, which can be an inconvenience for those who prefer in-person banking services.
• Verification Process
  New users or those making large transfers may have to go through a lengthy verification process, which can delay the initial transaction.
• Not Available in All Countries
  Wise does not operate in every country, limiting its accessibility for some users looking to send or receive international payments.
• Occasional Delays
  While generally fast, some transfers may experience delays due to various factors, such as banking hours, holiday schedules, or compliance checks.

• Scalability
  API Gateway automatically scales to handle the number of requests your API receives, ensuring high availability and reliability.
• Ease of Integration
  Seamlessly integrates with other AWS services like Lambda, DynamoDB, and IAM, enabling a cohesive environment for developing serverless applications.
• Built-in Security
  Provides features such as IAM roles, API keys, and AWS WAF integration for safeguarding your APIs from potential threats.
• Monitoring and Logging
  Supports CloudWatch integration for monitoring API requests and responses, helping you maintain observability and troubleshoot issues effectively.
• Cost-Effective
  You only pay for the requests made to your APIs and the amount of data transferred out, making it a cost-effective solution for many use cases.
• Caching
  Built-in caching at the API Gateway level can improve performance and reduce latency for frequently accessed data.

Possible disadvantages

• Complexity in Configuration
  Setting up and managing API Gateway can be complex, especially for users who are not familiar with AWS services and cloud infrastructure.
• Cold Start Latency
  When integrated with AWS Lambda, cold starts can introduce latency which can affect the performance of your API.
• Cost for High Throughput
  While cost-effective for low to moderate usage, the costs can escalate with high throughput and large data transfers.
• Debugging Issues
  Diagnosis can be complicated due to the multi-tenant nature of the service and the need to dive into multiple AWS logs and services.
• Limited Customization
  There might be constraints regarding customizations and fine-tuning your APIs compared to self-hosting solutions.
• Vendor Lock-in
  Dependence on AWS infrastructure can lead to vendor lock-in, making it challenging to migrate to other cloud providers or solutions.

TransferWise Review - 3 Must Knows (2020)

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• Which bank in vietnam have the lowest fee for overseas remittance?

  I don't think you need to be a holder of both. I put my mom on my Wells Fargo account and she sent to my account. There is also https://wise.com/us/ . This one I have used to send to someones account in Vietnam. It does have slightly... Source: over 3 years ago

• We are happy to welcome you to Auction 88 — Coins of The World.

  They invoice in Euros (Czech Republic) so also be aware of fees on payments. I've successfully used TransferWise (https://wise.com/us/). Source: over 3 years ago

• Recommend me a first credit card with 0 foreign tx fee

  It's not a credit card. It's just a way to convert currency w/o a fee. https://wise.com/us/. Source: over 3 years ago

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