I need to accept a few “donations” over the next 6-8 months, and as I need to thank everyone who sends a gift, don’t want them lost in my regular UBS transactions. Secondly, not sure how UBS handles donations coming in foreign currencies.
I checked revolut, but I fear that people will forget to put the reference code (as putting money in goes to a “shared” IBAN, and revolut credits it to you based on the reference number.)
Does anyone know of a revolut style account, where I get my own dedicated IBAN?
The two I’m looking at are Wise and Yapeal…
Yapeal seems nicer in that I can select the last 12 digits of the IBAN, but cannot find information of which currencies I can receive in.
Wise seems to allow only to “receive payments in the same currency as your account details” . I can setup multiple accounts, but annoyingly, I cannot receive CHF from others in CHF (only to a GBP account it seems).
But wise would work for GBP, EUR and USD it seems. That leaves really only CHF.
Is the money all going to be coming in in Swiss Francs? If so look at Neon.
No, it’s a mix of currencies. USD, chf, euro, GBP, whatever is used in Serbia, etc
Wise seems to do most; but not CHF. You can only add CHF from your own account, not from others.
Created a yapeal account, waiting for verification…
I have received CHF in my Wise account by sharing a link, otherwise give any other of your IBANs and it will be converted to that currency from CHF.
Maybe you can give out the Wise details for the non-CHF donations and a separate one for CHF.
I have received CHF in my Wise account by sharing a link, otherwise give any other of your IBANs and it will be converted to that currency from CHF.
Trying to avoid that, as in many countries sending a payment “abroad” is expensive. Not everyone is savvy with international transfers…
Maybe you can give out the Wise details for the non-CHF donations and a separate one for CHF.
Phil - that’s exactly what I’m thinking… just waiting for Yappeal to “verify my documents” which is quite slow (submitted on Friday; I guess being Swiss, they don’t work on weekends :p) Being honest, the app doesn’t feel so sleek when you sign up… but the allure of having an IBAN with my name in it is quite high 
so, my exeperince with Revolut shows that if you don’t putreference, the money will be returned to the sender, the money was in my experience never lost.
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so, my exeperince with Revolut shows that if you don’t putreference, the money will be returned to the sender, the money was in my experience never lost.
Had the same experience, but it’s not really ideal.
Yappeal got approved over the weekend, and I did a transfer from my (swiss) account and the funky IBAN works.
Tried from a UK bank in GBP (Natwest - just to see what would happen), and while it accepted the IBAN with letters and not just numbers, then I got an “unknown error” and it didn’t work.
Still need to test from another Swiss account (not mine), but this seems to work for the Swiss side - and having a custom IBAN is quite cool. (e.g. CH 0300 1234 00SPINALGIFTS)
Also, don’t use Paypal!
I used paypal when I was in the UK, and swore that I would only ever use it as a buyer, but NEVER to receive money in any way shape or form. We used them for a club for a while, and they blocked us out of our finds with no explanation for months. They are one of the most unregulated companies ever.
Yup. There are plenty of cases where the money is stuck and never returned. Getting lots of different donations in a short period of time seems to trigger some kind of risk check for them and then it is very difficult to get your funds released.
I did use paypal as a seller, but I had very low levels of transactions and always swept money out of there ASAP.
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IIRC, only the CHF IBAN is shared in Revolut, all the other currencies have personal IBAN.
I use Wise and it seems to work fine and is good value for the basic functions it offers. I would like to be able to invest in equities through straight through processing though.