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How to withdraw money from Wise to Bolivianos (BOB)

Santiago Coates

July, 03, 2024

4 min. reading

During Bolivia’s economic crisis, many remote workers face significant challenges receiving payments from international platforms like Wise. Converting their earnings to local currency often involves high fees, significantly reducing their income.

In this article, we will show you how to withdraw funds from Wise to Bolivian pesos using the US Virtual Account at Airtm, an efficient solution that minimizes fees and maximizes your earnings.

PROBLEMS WITH WITHDRAWING FROM WISE IN BOLIVIA

Remote workers in Bolivia have faced several issues when receiving payments from Wise:

  • High Fees: Using traditional methods like local banks can result in fees of up to 25%, significantly affecting net earnings.
  • Payment Delays: Waiting times to receive funds can be long, impacting the worker’s financial liquidity and flexibility.
  • Limited Options: The lack of flexible options to withdraw funds in local currency or convenient payment methods complicates access to earned money.

THE SOLUTION: AIRTM US VIRTUAL ACCOUNT

The US Virtual Account at Airtm is designed to help remote workers overcome these obstacles and access their earnings more efficiently and with lower fees, especially in the context of the economic crisis in Bolivia.

Benefits of the Airtm USA Virtual Account:

  • Transfers from Wise to Airtm: Enjoy the convenience of withdrawing your balance directly to Airtm, where you will find multiple benefits for your money.
  • Simple, Fast, and Economical: Receive your payments faster and with lower fees. Our transaction fee is only 1.75% per transaction, allowing you to increase your earnings.
  • Flexibility to Withdraw Your Funds: Once your funds arrive at Airtm, they will be converted to USDC. You can then withdraw them using over 500 payment methods, including local banks, digital wallets, and cryptocurrencies, providing you with numerous options to access your money.

Additional Advantages:

  • Better Exchange Rate: Convert your money at the most favorable exchange rate without the high costs of traditional banks.
  • Security and Trust: Airtm offers a secure and reliable platform for all your transactions.
  • Convenience: The entire process is completely online, eliminating the need to travel or wait in long bank lines.

A SIMPLE PROCESS

The Airtm USA Virtual Account is specifically designed to help remote workers overcome these obstacles and access their earnings more efficiently and with lower fees by connecting directly to international payment platforms.

Setting up a USA Virtual Account on Airtm is a quick and easy process. Once set up, you can link it directly to Wise and other payment platforms.

With a transaction fee of only 1.75% per transaction, workers can retain a larger portion of their earnings. Additionally, funds converted to USDC can be withdrawn using over 500 payment methods, including local banks, digital wallets, and cryptocurrencies, providing numerous options to access your money.

STEPS TO SET UP YOUR ACCOUNT AND RECEIVE FUNDS

On Airtm:

  1. Log in to your Airtm account at airtm.com.
  2. Click on “USA Account” in the menu and follow the instructions.
  3. Read and accept the terms and conditions of the provider Bridge Ventures Inc.
  4. Verify your identity by following the provided instructions.
  5. Review the information about the USA Virtual Account.

On Wise:

  1. Log in to your Wise account via the app or web.
  2. Click on “Send money with Wise” and choose the amount you want to send.
  3. Select the option to send the money to your own account.
  4. Add the recipient’s bank details, in this case, your USA Virtual Account from Airtm.
  5. If prompted, verify your identity using a photo of your ID, then confirm the operation.
  6. Send the money and you’re done! You can track your transfer from your account.

A NEW WAY TO MANAGE YOUR FINANCES IN BOLIVIA

The integration of the Airtm USA Virtual Account offers remote workers in Bolivia an effective solution to receive their Wise payments quickly, securely, and with lower fees.

Amid the economic crisis in Bolivia, it’s crucial to find more efficient ways to manage your income.

Sign up for Airtm and create your USA Virtual Account to access digital dollars with low fees. Plus, receive USDC for your first transactions. Click here to get started. 

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