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But how is their customer service? I gave up on them after I had
trouble linking my bank account to my Wise account, it took weeks
for them to respond, and the response was one of those where you
think "did you read my question???" kind of things. <br>
<br>
What do they do if:<br>
<br>
You accidentally send money to the wrong law firm?<br>
The foreign law firm doesn't accept the money because they've
changed banks, or you transposed numbers, etc. etc.?<br>
How painful is it to send money to Russia? (Very painful with
Western Union, I can tell you)<br>
<br>
A small transaction fee is a small price to pay for a human being
who will help you when something goes wrong.<br>
<br>
Pam<br>
<br>
<div class="moz-signature">Pamela S. Chestek<br>
Chestek Legal<br>
300 Fayetteville Street<br>
Unit 2492<br>
Raleigh, NC 27602<br>
<a class="moz-txt-link-abbreviated" href="mailto:pamela@chesteklegal.com">pamela@chesteklegal.com</a><br>
(919) 800-8033<br>
<a class="moz-txt-link-abbreviated" href="http://www.chesteklegal.com">www.chesteklegal.com</a><br>
<br>
</div>
<div class="moz-cite-prefix">On 11/21/2023 4:29 PM, Carl Oppedahl
via E-trademarks wrote:<br>
</div>
<blockquote type="cite"
cite="mid:9367c046-4b73-4443-8bc2-c87df9672075@oppedahl.com">
<meta http-equiv="Content-Type" content="text/html; charset=UTF-8">
<p>Let me give one example of how I think the Wise system has
helped me with client billing and accounting issues.</p>
<p>An invoice comes in from foreign counsel in (let's say)
Poland. The invoice asks us to pay some number of Euros (€).
So I go into Wise and I click to see the last time that I paid
money to that Polish firm. And there is a button to "send
again". (This means that if I somehow had avoided screwing up
the IBAN and other recipient information in the past, then I
don't need to worry about screwing it up this time.) Of course
the source of the funds is our US dollar balance with Wise. I
click around and I get to pick:</p>
<ul>
<li>I could pick to send some exact number of USD, in which case
the number of € that the Polish firm receives might be bigger
or smaller depending on currency exchange rates.</li>
<li>I could pick that I want the Polish firm to receive some
exact number of €. In that case, the number of USD that would
get deducted from our US dollar balance might be more or less,
depending on exchange rates.</li>
</ul>
<p>I choose the latter path because I want the Polish firm to be
paid the exact number of € that is the amount of their invoice.
I go to the invoice and copy the number of €, let's say it is
€916. The Wise system tells me that to make this happen, I will
be using 987.38 USD of my USD balance. I keep clicking and
eventually it goes through.</p>
<p><br>
</p>
<p>Oh and by the way the fee charged to me for the money transfer
is zero because ... wait for it ... the Polish firm also uses
Wise. And they will not need to incur any fee to receive the
money because ... our firm and their firm are both using Wise.
Oh, and they receive the money within seconds.</p>
<p><br>
</p>
<p>Back to my main point. Our accounts-receivable department
needs to bill our client (which is located in the US) in USD.
So our accounts-receivable department wants to know just
exactly, down to the penny, how many USD were involved. The
point here is I can tell them in real time that it was 987.38
USD, not a penny more, not a penny less. We can bill the client
essentially instantly.</p>
<p><br>
</p>
<p>Second example. Suppose our client is the kind of client where
we want our (US-based) client to advance the funds to us (in
USD), before we authorize the foreign firm to carry out the
work. What we would prefer is that we ask our client for just
exactly the right number of USD, not too high, not too low. And
the foreign firm already told us it will cost (let's say) €916
to do the task.</p>
<p><br>
</p>
<p>And we know that there is a time gap. We might be authorizing
the foreign work a month from now. But we need to know right
now exactly how many USD to ask the client to advance to us.
The exchange rate will be different today than it will be for a
month from now. And our accounting department will go nuts if
we ask for an advance, and a month from now it turns out the
advance was not exactly the same. A true-up would be needed and
our accounting department hates that. Plus the money was going
into and out of our escrow account and the true-up makes it even
more complicated.</p>
<p><br>
</p>
<p>So what we do is, we use Wise to convert some of our USD into
the foreign currency involved (in this case €). We have a €
balance with Wise, and we do what it takes to add €916 to our
Euro balance. And we know, right now, exactly how many USD were
required to make that happen. So we can ask the client to
advance that number of USD (plus, if needed, the fee for the
wire transfer itself, which is completely predictable down to
the penny). And later when we pay the foreign counsel, we send
that exact €916 that we have been holding in our € balance for
these weeks.</p>
<p><br>
</p>
<p>No need for a true-up later because of changes in the $-and-€
exchange rate. <br>
</p>
<p>And we know exactly how much money got charged for converting
the $ to €.</p>
<p>So we never need to do true-ups.</p>
<p>Years ago we were constantly having to do true-ups, back when
we were using Reusch and then when we were using Travelex and
then when we were using Afex. Oh and heaven forbid for a while
we were actually using our local bricks-and-mortar bank for the
foreign money transfers (Wells Fargo). Boy that was a big
mistake to use our ordinary bank. Anyway, we were constantly
having to do true-ups because invariably when we quoted to the
client how many USD the task was going to cost, to do something
in a foreign country in Euros, the exchange rate would have
later changed.</p>
<p><br>
</p>
<p>Yet another thing is that if we want, we can accept payments
from our European colleagues in Euros or pounds sterling or
Polish Zlotys. We have bank details that permit us to receive
those currencies.<br>
</p>
<p><br>
</p>
<p><br>
</p>
<p><br>
</p>
<p><br>
</p>
<p><br>
</p>
<p><br>
</p>
<div class="moz-cite-prefix">On 11/21/2023 4:57 PM, Scott Nielson
via Patentpractice wrote:<br>
</div>
<blockquote type="cite"
cite="mid:SJ0PR11MB6575174CE5C65653B954FF65B0BBA@SJ0PR11MB6575.namprd11.prod.outlook.com">
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charset=UTF-8">
<style type="text/css" style="display:none;">P {margin-top:0;margin-bottom:0;}</style>
<div class="elementToProof" style="font-family: "Aptos
Serif", Aptos_EmbeddedFont, Aptos_MSFontService, serif;
font-size: 11pt; color: rgb(0, 0, 0);"> How does Wise help
large firm accounting departments in the way you describe? As
someone who has all those issues, especially the wire transfer
fees, I'm interested in knowing how you avoid them.</div>
<div class="elementToProof" style="font-family: "Aptos
Serif", Aptos_EmbeddedFont, Aptos_MSFontService, serif;
font-size: 11pt; color: rgb(0, 0, 0);"> <br>
</div>
<div id="Signature">
<p style="margin: 0in; font-family: Calibri, sans-serif;
font-size: 11pt;"><span style="font-family: "Aptos
Serif", Aptos_EmbeddedFont, Aptos_MSFontService,
serif; color: rgb(31, 56, 100);"><b>Scott Nielson</b></span></p>
<p style="margin: 0in; font-family: Calibri, sans-serif;
font-size: 11pt;"><span style="font-family: "Aptos
Serif", Aptos_EmbeddedFont, Aptos_MSFontService,
serif; color: black;">801-660-4400</span></p>
</div>
<hr style="display:inline-block;width:98%" tabindex="-1">
<div id="divRplyFwdMsg" dir="ltr"><font style="font-size:11pt"
face="Calibri, sans-serif" color="#000000"><b>From:</b>
Patentpractice <a class="moz-txt-link-rfc2396E"
href="mailto:patentpractice-bounces@oppedahl-lists.com"
moz-do-not-send="true"><patentpractice-bounces@oppedahl-lists.com></a>
on behalf of Orvis via Patentpractice <a
class="moz-txt-link-rfc2396E"
href="mailto:patentpractice@oppedahl-lists.com"
moz-do-not-send="true"><patentpractice@oppedahl-lists.com></a><br>
<b>Sent:</b> Tuesday, November 21, 2023 4:52 PM<br>
<b>To:</b> For patent practitioners. This is not for
laypersons to seek legal advice. <a
class="moz-txt-link-rfc2396E"
href="mailto:patentpractice@oppedahl-lists.com"
moz-do-not-send="true"><patentpractice@oppedahl-lists.com></a><br>
<b>Cc:</b> Orvis <a class="moz-txt-link-rfc2396E"
href="mailto:orvispc@gmail.com" moz-do-not-send="true"><orvispc@gmail.com></a>;
Dineen Wasylik <a class="moz-txt-link-rfc2396E"
href="mailto:dineen@wasylik.net" moz-do-not-send="true"><dineen@wasylik.net></a>;
For trademark practitioners. This is not for laypersons to
seek legal advice. <a class="moz-txt-link-rfc2396E"
href="mailto:e-trademarks@oppedahl-lists.com"
moz-do-not-send="true"><e-trademarks@oppedahl-lists.com></a><br>
<b>Subject:</b> Re: [Patentpractice] [E-trademarks] Good,
Inexpensire service for bank wire payments</font>
<div> </div>
</div>
<div>
<div style="font-family:sans-serif"><span dir="ltr"
style="margin-top:0; margin-bottom:0">Wise is also great
for those at large firms who's accounting department says
they cannot figure out how to deliver a dollar certain to
a recipient and then tells you that you need to figure out
conversions and wire transfer fees along the way. </span>
<br>
</div>
<div>
<div dir="ltr" style="font-family:sans-serif">
<p>Nov 21, 2023 6:09:23 PM Richard Schafer via
Patentpractice <a class="moz-txt-link-rfc2396E"
href="mailto:patentpractice@oppedahl-lists.com"
moz-do-not-send="true"><patentpractice@oppedahl-lists.com></a>:</p>
</div>
<blockquote style="margin:0; word-wrap:break-word;
border-left:3px solid #ccc; padding-left:10px"
lang="EN-US">
<div class="x_WordSection1" style="">
<p class="x_MsoNormal" style="margin:0in;
font-size:11pt;
font-family:"Calibri",sans-serif"> <span
style="color:#1F497D; font-size:12.0pt;
font-family:"Goudy Old Style",serif">Wise
has been a godsend for my solo practice. Highly
recommended.</span></p>
<p class="x_MsoNormal" style="margin:0in;
font-size:11pt;
font-family:"Calibri",sans-serif"> <span
style="color:#1F497D; font-size:12.0pt;
font-family:"Goudy Old Style",serif"></span></p>
<p class="x_MsoNormal" style="margin:0in;
font-size:11pt;
font-family:"Calibri",sans-serif"> <span
style="color:#1F497D; font-size:12.0pt;
font-family:"Goudy Old Style",serif">Best
regards,<br>
<b>Richard A. Schafer | Schafer IP Law</b></span><span
style="color:#1F497D; font-size:12.0pt;
font-family:"Garamond",serif"><br>
</span><span style="color:#1F497D; font-size:12.0pt;
font-family:"Goudy Old Style",serif">P.O.
Box 230081 | Houston, TX 77223<br>
M: 832.283.6564 | </span><span
style="color:#1F497D; font-size:12.0pt;
font-family:"Goudy Old Style",serif"><a
href="mailto:richard@schafer-ip.com"
moz-do-not-send="true"><span style="color:#0563C1">richard@schafer-ip.com</span></a></span></p>
<p class="x_MsoNormal" style="margin:0in;
font-size:11pt;
font-family:"Calibri",sans-serif"> <span
style="color:#1F497D; font-size:12.0pt;
font-family:"Goudy Old Style",serif"></span></p>
<div style="border:none; border-top:solid #E1E1E1 1.0pt;
padding:3.0pt 0in 0in 0in">
<p class="x_MsoNormal" style="margin:0in;
font-size:11pt;
font-family:"Calibri",sans-serif"> <b>From:</b>
E-trademarks <a class="moz-txt-link-rfc2396E"
href="mailto:e-trademarks-bounces@oppedahl-lists.com"
moz-do-not-send="true"><e-trademarks-bounces@oppedahl-lists.com></a>
<b>On Behalf Of </b>Dineen Wasylik via E-trademarks<br>
<b>Sent:</b> Tuesday, November 21, 2023 11:14 AM<br>
<b>To:</b> For trademark practitioners. This is not
for laypersons to seek legal advice. <a
class="moz-txt-link-rfc2396E"
href="mailto:e-trademarks@oppedahl-lists.com"
moz-do-not-send="true"><e-trademarks@oppedahl-lists.com></a><br>
<b>Cc:</b> Dineen Wasylik <a
class="moz-txt-link-rfc2396E"
href="mailto:dineen@wasylik.net"
moz-do-not-send="true"><dineen@wasylik.net></a>;
<a class="moz-txt-link-abbreviated
moz-txt-link-freetext"
href="mailto:patentpractice@oppedahl-lists.com"
moz-do-not-send="true">patentpractice@oppedahl-lists.com</a><br>
<b>Subject:</b> Re: [E-trademarks] Good, Inexpensire
service for bank wire payments</p>
</div>
<p class="x_MsoNormal" style="margin:0in;
font-size:11pt;
font-family:"Calibri",sans-serif"> </p>
<div>
<p class="x_MsoNormal" style="margin:0in;
font-size:11pt;
font-family:"Calibri",sans-serif"> I agree
with Carlk, though I think they now call it just
"wise" but <a href="http://wise.com/"
originalsrc="http://wise.com/"
shash="fCCmTXVHR+V5HqVCn7p+X1zfxsWNilMcR+5Nyb1VdVqUbgakEzI2jhl/nAR9bWW1jJ0t3g+PsAsHcFCGCmkAXUCGdK5Yx5s4BxNvQANGT1R4qdqCf2e4bhLDgbYiMUncQKDeUQn9u/bj9myUd2tfP0fcoJQVbBnXWjDOrqOLNcg="
moz-do-not-send="true"> wise.com</a> is what I
have based on recommendations from other
practitioners. It is easy and much less expensive
than bank-based wires. It handles
currency conversion much better than my bank folks
did, too.</p>
<div>
<p class="x_MsoNormal" style="margin:0in;
font-size:11pt;
font-family:"Calibri",sans-serif"> </p>
</div>
<div>
<p class="x_MsoNormal" style="margin:0in;
font-size:11pt;
font-family:"Calibri",sans-serif"> Best,</p>
</div>
<div>
<p class="x_MsoNormal" style="margin:0in;
font-size:11pt;
font-family:"Calibri",sans-serif">
Dineen</p>
</div>
</div>
<p class="x_MsoNormal" style="margin:0in;
font-size:11pt;
font-family:"Calibri",sans-serif"> </p>
<div>
<div>
<p class="x_MsoNormal" style="margin:0in;
font-size:11pt;
font-family:"Calibri",sans-serif"> On
Tue, Nov 21, 2023 at 5:58 AM Carl Oppedahl via
E-trademarks <<a
href="mailto:e-trademarks@oppedahl-lists.com"
moz-do-not-send="true"
class="moz-txt-link-freetext">e-trademarks@oppedahl-lists.com</a>>
wrote:</p>
</div>
<blockquote style="border:none; margin-left:4.8pt;
padding:0in 0in 0in 6.0pt; border-left:solid #CCCCCC
1.0pt; margin-right:0in">
<p class="x_MsoNormal" style="margin:0in;
font-size:11pt;
font-family:"Calibri",sans-serif"> See <br>
<a
href="https://blog.oppedahl.com/eventually-every-patent-and-trademark-firm-will-have-a-transferwise-account/"
originalsrc="https://blog.oppedahl.com/eventually-every-patent-and-trademark-firm-will-have-a-transferwise-account/"
shash="WhiiyD66lVhKzRFGpLx0krvGZJKYWuNmGq+D1HsGRUWZo+pu05nzigV3MuLeZlcPBqFbHUqY7Mut3Gy8495rakcbh0xdcf16p5wuuGpJDasEwFJ2Hlfg5sTFK96496dVvbKQQec1FzQhGXyC6QrRGHh6AJ7FcxOxikpTNAn4vcg="
target="_blank" moz-do-not-send="true"
class="moz-txt-link-freetext">https://blog.oppedahl.com/eventually-every-patent-and-trademark-firm-will-have-a-transferwise-account/</a><br>
<br>
On 11/20/2023 10:53 PM, voyer--- via E-trademarks
wrote:<br>
> A year or maybe more ago, there was elist
discussion of a good, inexpensive service for bank
wire services.<br>
> At least internationally, perhaps also
domestic. My saved copy is now hiding from me.<br>
> Would appreciate contact info for that
service, and it is stlil a good recommendation.
Thanks,<br>
><br>
> Daniel Kegan * 847-452-2599<br>
> Baron Harris Healey, Of Counsel<br>
> <<a href="mailto:DKegan@BHHLawFirm.com"
moz-do-not-send="true"
class="moz-txt-link-freetext">DKegan@BHHLawFirm.com</a>><br>
> <<a href="http://www.bhhlawfirm.com/"
originalsrc="http://www.bhhlawfirm.com/"
shash="iyu7t2DNzdbrx06ffirLrnTzXF+TMHeZMqGosWcPb/t+bQLChzQiWMA+/r+LPdE+sYocNJbndd/DjiyiLyFTswUPFDkXMza3SIYrI1Us04AC1PVOjJml73lxDWYh5FJKkbeSjl5uFKJb5rp46kNVDFqFWJbwkbyBQuC/NGgkDxs="
target="_blank" moz-do-not-send="true">http://www.BHHLawFirm.com</a>><br>
> Balanced Counsel for Smart Clients®<br>
> 29 Kendal Dr<br>
> Kennett Square PA 19348-2323 USA<br>
-- <br>
E-trademarks mailing list<br>
<a href="mailto:E-trademarks@oppedahl-lists.com"
target="_blank" moz-do-not-send="true"
class="moz-txt-link-freetext">E-trademarks@oppedahl-lists.com</a><br>
<a
href="http://oppedahl-lists.com/mailman/listinfo/e-trademarks_oppedahl-lists.com"
originalsrc="http://oppedahl-lists.com/mailman/listinfo/e-trademarks_oppedahl-lists.com"
shash="Lk/RHKarl/7c9w8YN0SkoDABJv2cno8/RznKbBwtX04AcQixdwAVhPQtwfGW+Px10R3b1/kfvu2DBFh8taj9IMePyG8sFvRwONfMMjthLzNXuKjU/f2kLevtoOXLn1VJtPO4Mftviqgpn06LBfsB0FL0jhHu2vJvVGWsdVPoxh4="
target="_blank" moz-do-not-send="true"
class="moz-txt-link-freetext">http://oppedahl-lists.com/mailman/listinfo/e-trademarks_oppedahl-lists.com</a></p>
</blockquote>
</div>
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