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Keeping Up With Ratefy

Our team has discovered the necessity of providing our users with recent happenings in the company, as this would further promote our transparency as stipulated in our mission statement.

Over the weeks, Ratefy has developed new listings and updates on the rules and regulations governing users’ accessibility and credibility on the website.

These updates are not just discoveries but are based on the already laid regulations known by our users. However, in this article, we will be discussing the new payment method. Sit back and relax as we keep you updated with ratefy!

New Payment Method

Our newly added payment methods on the website are at the top of our list, and we will start with Wise and Skrill.


Wise, formerly known as TransferWise, is a popular payment platform that serves as a foreign exchange platform like Paypal and Payoneer. 

However, we will compare Wise to other payment platforms and what gives them an edge in the finance industry. Here are some key points to note:

Fast and Secure: Wise utilizes a fast and secure network to process payments. Transactions are usually completed within hours but sometimes take up to a few business days, depending on the currencies involved. 

Their security measures ensure that your funds are protected during the entire process.

International Accessibility: Wise supports over 70 currencies, allowing you to receive payments from clients, customers, or business partners worldwide. 

Their extensive network allows you to connect with individuals and businesses across different countries and continents.

Multi-Currency Account: Wise provides a multi-currency account, enabling you to receive payments in different currencies and hold funds in those currencies without conversion. 

This feature is beneficial if you frequently deal with international transactions and want to avoid currency conversion fees.

Transparent Tracking: With Wise, you can track your payments at every process step. They provide real-time updates so you always know the status of your transactions. 

This transparency helps you stay informed about the progress of your payments. Overall, receiving payments on Wise offers a cost-effective, efficient, and secure way to manage your international transactions. 


The second payment platform we added to the Ratefy website is “Skrill.” Skrill is a payment platform just like Wise; however, here are some of the key points to note:

Low Fees: Skrill has competitive fees when compared to other payment platforms. They charge a lower percentage fee for transactions from Skrill wallet to Skrill wallet. 

The fees increase slightly when adding a bank account or card to your account.

Wide Range of Payment Methods: Skrill offers various payment methods, including credit/debit cards, bank transfers, and digital wallets, such as Neteller or Perfect Money. 

This flexibility lets you provide multiple payment options to your clients and customers.

Digital Wallet Services: Skrill also offers digital wallet services, which allow you to send and receive payments from other Skrill users easily. 

It’s also a convenient way to manage your funds, and you can withdraw your balance to your bank account whenever you want.

Wrap Up

Overall, Ratefy offers a secure and convenient way to exchange funds into Naira from all these platforms (Paypal, Payoneer, Wise, Skrill) into your local banks. 

Our high exchange rates, fast processing, and payment methods make Ratefy an excellent choice for remote workers, business owners, and freelancers. Exchange with Ratefy Today!


Oyedele Victor July 28, 2023 READ TIME: 3 mins

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