Getting Paid through Wise
Open Collective allows for expenses to be paid through the payment processor Wise for easier transfers.
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Open Collective allows for expenses to be paid through the payment processor Wise for easier transfers.
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When you are filling in an invoice and do not see your currency as an option for payment, this is likely because banking regulations prevent a transfer of funds between the country your bank is in and the bank of the collective that is paying you. If this happens, you might be able to use Wise to transfer funds.
The payee needs to open a currency account with Wise (). It would be best to create an account in the country's currency you are expecting payment in. For example, if you are expecting payment from a collective hosted by OSC or OCF, create a US account to be paid in USD.
You will need to follow the Wise process to verify your account. Once verified you will be able to see your account details.
Use the Routing and Account numbers from your Wise account in the Open Collective expenses field to receive payment to your Wise account using a bank transfer.
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