Transfer Wise makes it very easy for you to send money to anybody, or pay for goods/services in foreign currencies. The concept here is a clear one: by leaving banks and brokers out of the whole process, everyone gets the true mid-market rate for these currencies that he is exchanging.
The process is as simple as specifying the currency, the amount to be transferred and the person who is to receive the money for the bank transfer to be carried to completion. Transfer Wise takes care of matching your payment with one (or many) counterparties at the mid-market rate that applies.
Email confirmations are sent at several steps of the process – when you have deposited the money, when the currency payment has been sent to the payee… You will always know where you (and the recipient) stand at all times.
And it is important to mention that you are enabled to set a rate limit for your transaction. This will let you ensure your money is not caught in a market downswing, and that you are changing it at a loss.
TransferWise.com In Their Own Words
Send money. True rates. No bank fees.
Why TransferWise.com It Might Be A Killer
This startup effectively lets you transfer money at true rates, and not the ones charged by banks and brokers.
Some Questions About TransferWise.com
Will more currencies be supported? When? 
