Wise Business Pricing & Features Overview- Subscribed.FYI

Wise Business

Wise Business simplifies global finances, ditching hidden fees with transparent pricing, fast transfers, multi-currency management, automated payments, and business-grade security. Ideal for businesses of all sizes seeking efficient international money management.

Overview

What is Wise Business?

Ditch the hidden fees and complexities of traditional international money transfers. Wise Business isn’t just another currency exchange service; it’s a transparent and efficient platform designed to empower businesses of all sizes to manage their global finances seamlessly. Ditch the inflated exchange rates, slow transfer times, and limited account features and focus on sending, receiving, holding, and managing multiple currencies with ease. Wise Business offers a suite of features that save you money on international transactions, streamline your global payments, and give you control over your finances in today’s interconnected world.

Why Choose Wise Business?

Struggling with hidden fees, slow transfers, limited currency options, and a lack of transparency in managing your international finances? Wise Business offers a compelling solution:

  • Transparent Pricing: Wise Business uses the mid-market exchange rate, ensuring you get the same rate you see on Google. No hidden fees or markups.
  • Fast & Secure Transfers: Move your money quickly and securely between countries with Wise Business’s efficient transfer network.
  • Hold & Manage Multiple Currencies: Maintain balances and easily convert between over 40 currencies with a single Wise Business account.
  • Effortless International Payments: Pay your employees, freelancers, and suppliers globally with ease at a fraction of the cost of traditional banks.
  • Automated Payments & Collections: Schedule recurring international payments and simplify your global cash flow management.
  • Bulk Payments & Integrations: Easily manage multiple payments at once and integrate Wise Business with your accounting software for seamless workflows.
  • Business-Grade Security & Compliance: Wise Business prioritizes security with industry-leading safeguards and regulatory compliance.

Who is Wise Business For?

Wise Business empowers businesses of all sizes and industries to go global:

  • Freelancers & Solopreneurs: Get paid easily from international clients and manage your global income efficiently.
  • Ecommerce Businesses: Sell your products worldwide, accept payments in multiple currencies, and manage international shipping costs effectively.
  • Agencies & Marketing Firms: Pay international contractors and freelancers without breaking the bank.
  • Import & Export Businesses: Streamline your international payments and manage foreign exchange fluctuations with ease.
  • Startups & Growing Businesses: Scale your global operations with a cost-effective and user-friendly international money management solution.
  • Established Enterprises: Consolidate your global finances and streamline international payments across multiple subsidiaries.

Wise Business stands out as a game-changer in the international money transfer landscape. Its commitment to transparent pricing, fast and secure transfers, multi-currency management, effortless international payments, automation capabilities, secure platform, and broad range of features makes it an attractive choice for businesses seeking to ditch traditional financial limitations, save money on global transactions, and unlock new growth opportunities in the global marketplace.

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Pricing and Features

Product Tier
Pricing
Features

Debit Card

One time Payment

$5

  • Global Acceptance: Use your card anywhere in the world w/ low fees.
  • Real Exchange Rates: Mid-market rate with transparent 0.43% markup.
  • No Monthly Fees: Enjoy your card without hidden subscription charges.
  • Free First Card: Issue the first card to your team member at no cost.
  • Cost-Effective Team Cards: Order team cards: $5 USD per card.
  • Effortless Card Replacement: $5 USD for lost or damaged card.
  • 2% Account Funding Fee: Applies to specific account funding methods.

Send Money

Variable Fee

0.43%

Fixed Fee

$0.50–$1.00

  • Transparent Pricing: View upfront exchange rate and fees details.
  • Competitive Exchange Rates: Payments with minimal mid-market markups.
  • Low Fixed Fees: Fixed transaction fees vary by currency, method.
  • Wise Business Transfers: Instant, fee-free transfers for Wise Business accounts.
  • Bulk Transfer Discounts: Reduced fees on large monthly transfers.

Account Set-up

One time Payment

$31

  • Set-up Bank Details: AUD, CAD, EUR, GBP, HUF, NZD, RON, SGD, TRY, USD

Receive Money

Fee for Receiving USD Wire Payments

$4.14

Fee for Receiving Non-Wire Payments

$0

Fee for Receiving CAD SWIFT Payments

10 CAD

  • Free Money Reception: Receive funds free in most currencies, minimizing costs.
  • Transparent Fees: Fixed fees for USD wire, CAD SWIFT.
  • Payment Link Generation: Conveniently collect sales via custom payment links.

Experience

Cancellation

Simplifying Your International Transactions: Concluding Your Wise Business Account

As your international business payment needs evolve or you explore alternative foreign exchange and money transfer solutions, Wise Business offers a clear and efficient process to terminate your account. To ensure a smooth transition and avoid unintended charges, kindly visit this page.

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Product FAQ

What is Wise Business and how does it differ from a traditional bank for businesses?

Wise Business is an international money transfer service designed specifically for businesses. Unlike traditional banks, Wise focuses on offering transparent fees, competitive exchange rates, and a streamlined online platform for managing your international finances. Here’s a breakdown of the key differences:

  • Focus on International Transactions: Wise Business prioritizes efficient and cost-effective international money transfers. They use the mid-market exchange rate, eliminating hidden fees often charged by banks for currency conversions.
  • Transparent Fees: Wise boasts a clear and upfront fee structure, allowing you to see exactly how much your international transactions will cost before you initiate them. No hidden charges or surprise fees.
  • Online Platform: Wise Business operates entirely online, offering a user-friendly platform to manage your international finances from anywhere with an internet connection. No need to visit physical bank branches.
  • Faster Transfers: Wise utilizes a unique network of local bank accounts around the world to facilitate international transfers, potentially offering faster processing times compared to traditional bank transfers.

While traditional banks offer a broader range of financial services, Wise Business caters specifically to the needs of businesses with international transactions, focusing on transparency, efficiency, and cost-effectiveness for cross-border payments.

Is Wise Business secure for handling my business's finances?

Security is a top priority for Wise Business. Here are some ways they ensure the safety of your funds:

  • Regulated Money Transfer Service: Wise Business operates as a licensed Money Services Business (MSB) and adheres to relevant regulations in various jurisdictions. This ensures they comply with strict financial security standards.
  • Secure Online Platform: Wise utilizes industry-standard security measures to protect your online account and financial information. Data encryption protocols and secure login procedures safeguard your business’s sensitive financial data.
  • Fraud Protection: Wise Business implements fraud prevention measures to minimize the risk of unauthorized transactions. They also offer features like two-factor authentication for added security.
  • Transparency & Trust: Wise prioritizes transparency by clearly outlining their fees and exchange rates upfront. They also provide detailed transaction history and account activity information readily accessible within the online platform.

While security is ultimately a shared responsibility, Wise Business demonstrates its commitment to safeguarding your business’s finances through regulatory compliance, robust security measures, and a focus on transparency.

How do I get started using Wise Business for my business's international finances?

Signing up for Wise Business is a simple process:

  1. Visit the Wise Business Website: Head over to the Wise Business website and navigate to the signup page.
  2. Create an Account: Provide basic information about your business and create a secure login for your Wise Business account.
  3. Verify Your Identity: To comply with regulations, Wise Business will require you to verify your business identity through a straightforward online process.
  4. Start Sending & Receiving Money: Once your account is verified, you can initiate international

Does Wise Business offer any features to help manage my business finances beyond just sending and receiving money?

Wise Business goes beyond basic money transfer to provide tools for managing your business finances:

  • Bulk Payments: Simplify payroll or vendor payments by sending money to multiple recipients at once with a single upload.
  • Virtual Cards: Issue virtual cards for your team to make secure online purchases related to business expenses.
  • Multi-Currency Account: Hold and manage various currencies in a single account, allowing you to easily exchange funds or make payments in different currencies as needed.
  • Automated Payments: Set up recurring international payments to ensure timely payments to vendors, employees, or contractors.
  • Team Management: Grant different levels of access and permissions to team members within your Wise Business account, promoting security and control over spending.

These features, combined with their competitive exchange rates and transparent fees, aim to empower businesses to manage their international finances more efficiently and cost-effectively.

Can I integrate Wise Business with any accounting software I use for my business?

Wise Business currently lacks direct integrations with popular accounting software but offers alternative methods for compatibility. These include transaction exports in CSV or Excel formats for manual importation into accounting software, as well as a public API for businesses with development resources to create custom integrations. While direct integration would be preferable, these alternatives enable Wise Business to work alongside existing accounting software, potentially reducing disruption to established workflows.