Wise VS Heroku Postgres

• 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
  Heroku Postgres offers seamless vertical and horizontal scaling, allowing you to handle increased loads without significant changes to your application.
• Managed Service
  Heroku manages the database infrastructure, which includes automated backups, software updates, and security patches, reducing the operational overhead.
• Integration
  Heroku Postgres integrates well with other Heroku services and add-ons, facilitating a smoother development and deployment workflow.
• High Availability
  It provides high availability features like automated failover and redundancy to minimize downtime and ensure consistent performance.
• Monitoring Tools
  Includes several built-in tools for monitoring database performance, which help you identify and troubleshoot issues efficiently.

Possible disadvantages

• Cost
  Heroku Postgres can be more expensive than self-hosted solutions, especially as your database requirements grow.
• Limited Control
  As a managed service, it offers less control over database configurations and customizations compared to self-managed databases.
• Vendor Lock-In
  Using Heroku Postgres can make it more challenging to transition to other platforms in the future, potentially leading to vendor lock-in.
• Latency
  For applications not hosted on Heroku, there can be increased latency when interacting with the Heroku Postgres service due to its remote nature.
• Advanced Feature Limitations
  Some advanced PostgreSQL features might not be fully supported or available in Heroku Postgres, limiting its use for certain specialized applications.

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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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Tracking Heroku Postgres since Mar 2021.