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Wise in US - how verify trading address?

#42
daniels27 said:
That's why I recommend printing and scanning before submitting.
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AI works with huge repository of a documents. Probability that you will be able to fake document based on all details so precisely to be undetectable, is extremely low. It is about use of correct font (many companies use fonts which are not available to the public), sizes which have to be exact to 0.01 px, spaces, formating...
Many people incorrectly believe in their geniality. It is harder and harder to play out a system. I do not say that it is impossible. It is still. But you need to spend as much time, energy and money to be safe, that it does not make a sense any more. Cheaper, easier and faster is to find a way how to obtain original documents.
Does it make a sense to do not sleep quietly in the night for next 10 year to save a few bucks?
 
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#43
sknomad said:
AI works with huge repository of a documents. Probability that you will be able to fake document based on all details so precisely to be undetectable, is extremely low. It is about use of correct font (many companies use fonts which are not available to the public), sizes which have to be exact to 0.01 px, spaces, formating...
Many people incorrectly believe in their geniality. It is harder and harder to play out a system. I do not say that it is impossible. It is still. But you need to spend as much time, energy and money to be safe, that it does not make a sense any more. Cheaper, easier and faster is to find a way how to obtain original documents.
Does it make a sense to do not sleep quietly in the night for next 10 year to save a few bucks?
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Isn't this the same without AI? You can spot a fake by eye if you hand an original never to it. In any case, if you don't print and scan, most likely meta date will already kill you.

While I agree that most people can be replaced by AI, it here is about having access to an original (big companies should have enough originals from their large user base).
 
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#44
sknomad said:
It is about use of correct font (many companies use fonts which are not available to the public), sizes which have to be exact to 0.01 px, spaces, formating...
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I'm totally down for true documents and I always use only true ones but I think you overestimate Wise technologies to check this.
I have many utility bills that were just "printed" from DOC file to PDF with very default fonts, so I believe you can edit them in PDF editor. It would look absolutely geniune.
Should I talk about the case, if one would create a fake invoice from scratch (let's say from small Coworking organization)?

And after all, I'm not sure that Wise is trully willing to have geniune accounts. What they want is to not have issues with regulators. And if they weren't able to recognize fake documents that would not be their fault, right?
 
#45
SWinja said:
And after all, I'm not sure that Wise is trully willing to have geniune accounts. What they want is to not have issues with regulators. And if they weren't able to recognize fake documents that would not be their fault, right?
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Yes. This. But there are limits. Once the are to many fake accounts, it goes down like UBS. You need a healthy amount of real ones. And you need to keep out the worst criminals.
 
#47
uranio said:
What is a felony is to ask for documents that are legally not required.
There is no regulation or law that says a company needs to have utility bill or other banks under his company name.
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Financial institutions must do KYC DD. It is set by the law. Financial instutitutions are not hapoy with it. But it is a law.
It looks that you do not understand a definition of a felony in a law.
 
#49
SWinja said:
I have a business account in Wise registered for my US LLC (single member) for almost 2 years.
I'm a resident of Spain.
Wise asked me to verify trading address of business and I'm not really sure what to show them.
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I'm in the same boat, and I think WISE asking for a proof of trading address is genuinely wrong. I run Single-Member Non-Resident Alien LLC, so my LLC business is registered in the US, but the beneficiary (me) is a private person residing in Europe. My home address is in no way associated with the LLC, which is totally legal. Having said that - there are no utility/bank/internet bills showing my home address + LLC name.

Is there any way to convince Wise that this setup is legit and the documents should be accepted?

Or is there a cheap alternative for Wise? I collect payments via PayPal, then I send $$ to Wise (this transfer costs $0) and from Wise to Revolut for $12. Maybe I don't need Wise anymore?
 
#50
tomwis said:
Is there any way to convince Wise that this setup is legit and the documents should be accepted?
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You mean you pay taxes in Europe as self-employed?

tomwis said:
Or is there a cheap alternative for Wise? I collect payments via PayPal, then I send $$ to Wise (this transfer costs $0) and from Wise to Revolut for $12. Maybe I don't need Wise anymore?
Click to expand...
If you have US bank details from Revolt, this could be the solution.
 
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