Guide for how to transfer money from Wise to Maya (PayMaya)

If you use Wise to receive payments from abroad, you may be wondering if it’s possible to move money from Wise to Maya¹ so you can spend conveniently in PHP at home.

So - can Wise transfer to Maya? Quick spoiler: Yes. Wise can transfer to local e-wallets like Maya quickly and conveniently. This guide on how to transfer money from Wise to Maya tells you everything you need to know.

How to transfer Wise to Maya - step-by-step

Sending a Wise to PayMaya transfer should be pretty straightforward. It’s helpful to note upfront that you’ll probably need to upgrade your Maya account to receive a Wise transfer, which can be done in the Maya app by uploading some ID and a video selfie.

We’ll touch more on how upgrading a Maya wallet can change your options by increasing your incoming payment limits. First, though, here’s a look at how to transfer from Wise to Maya step by step:

1. Log into your Wise account online or in the Wise app
2. Tap Send, and then Add a recipient
3. You’ll be prompted to confirm PHP as the currency you want to send to and select Enter bank details
4. Select who is your recipient (yourself, someone else or a business)
5. Select E-Wallet and PayMaya as the wallet provider
6. Enter your recipient’s name, E-Wallet number and address if requested
7. Follow the prompts to enter the amount you want to send
8. Choose the option to send from your Wise balance or other payment methods, shown in the drop down box
9. You’ll be prompted to confirm the purpose of the transfer
10. Check and confirm the transfer once you're happy with everything

How long does it take to send Wise to Maya?

Wise is known for offering pretty quick transfers to banks and e-wallets around the world. Wise transfers are often instant, but in some cases, they may take 1-2 days - but it’s good to know that the exact delivery time can depend a bit on the currency you hold in your Wise account, as well as the status of your Maya wallet.

You’ll get a delivery estimate before you confirm the payment from Wise to Maya so you know what to expect. You can also check the estimated delivery time from the transfer calculator.

Transfer fees for sending PHP with Wise

If you want to move money from Wise to Maya, the chances are that you’ve received a payment to Wise in a foreign currency and need to convert back to PHP to receive your money to PayMaya. Wise offers quick and cheap currency conversion as part of the transfer process, and splits out all the costs of the transaction so you can clearly see what you’re paying. This means that there may be 3 different fees involved in sending money from Wise to Maya:

• A low, fixed fee which covers the cost of the transfer
• A variable fee from 0.33%, which covers the cost of converting currencies
• VAT payable on the fees, set at 12% of the fee cost

The exact fee you pay will depend on the specific details of your transfer - but it’s important to note that Wise doesn’t hide any fees in the exchange rate used for currency conversion.

When you convert your balance from whichever currency you hold in Wise to PHP to move it to Maya, the exchange rate you get will be the mid-market rate - the one you can find on Google. This matters because many banks and providers add an extra fee into the rate being used - this isn’t easy to see, but still pushes up your costs. Wise values transparency, and so sets out the different costs clearly for you to check and compare.

*Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.

Limits for sending PHP to mobile wallets

The Wise transfer limits allow you to move up to 490,000 PHP (or equivalent in any currency) per transaction, to an e-wallet like PayMaya.

However, as we mentioned earlier, you might need to upgrade your Maya account² to receive a payment or to increase your Maya wallet limit³ to receive your transfer from Wise. Maya customers with an Upgraded, Super User or Ultimate User account type are able to hold more in their e-wallet, and generally have higher transaction limits. Check out your Maya account status to know what limits might apply when receiving money from Wise to PayMaya.

Frequently asked questions

What if there’s a delay for my Wise to Maya transfer?

Before you send money from Wise to PayMaya, how long the transfer is likely to take will show up on screen in the form of a delivery estimate. Delivery times may be just a few seconds, or may take a day or two, depending on the exact details of your transfer. However, if you’re ever worried about a Wise to Maya delay, you can still track your transfer in the Wise app, or reach out to Wise customer service by opening an in app chat through your Wise account. Easy.

Learn more about Wise transfer delivery times here.