Wise
The cheap, fast way to send money abroad.
Overview
Wise (formerly TransferWise) was created to solve the problem of high fees and poor exchange rates in international money transfers. It offers transparent pricing, using the real mid-market exchange rate with a small, upfront fee. It also provides a multi-currency account that allows users to hold dozens of currencies and get local bank details in major currencies.
✨ Key Features
- International money transfers
- Multi-currency account
- Wise Debit Card
- Local bank details in 10+ currencies
- Transparent pricing
🎯 Key Differentiators
- Radical price transparency
- Use of the real mid-market exchange rate
- Speed of transfers
Unique Value: Offers the fairest and most transparent way to move money around the world, using the real exchange rate without hidden markups.
🎯 Use Cases (4)
✅ Best For
- Sending money internationally with low fees
- Holding multiple currencies in one account
💡 Check With Vendor
Verify these considerations match your specific requirements:
- In-person POS payments
- Merchant checkout processing for e-commerce
🏆 Alternatives
Significantly cheaper and more transparent than traditional banks and often faster than competitors like PayPal for international transfers.
💻 Platforms
🔌 Integrations
🛟 Support Options
- ✓ Email Support
- ✓ Live Chat
- ✓ Phone Support
- ✓ Dedicated Support (Business tier)
🔒 Compliance & Security
💰 Pricing
Free tier: Free to open an account. A small, variable fee is charged for sending money and converting currencies.
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