Wise Business
Wise Business is an international business account designed to facilitate seamless global financial operations for companies of all sizes. It enables businesses to hold, send, and receive funds in over 40 currencies across more than 70 countries, offering a cost-effective and efficient alternative to traditional banking methods. Key Features and Functionality: - Multi-Currency Account: Manage and transact in over 40 currencies from a single account, simplifying international operations. - Local Account Details: Obtain local bank details in up to nine currencies, including USD, EUR, GBP, AUD, and SGD, allowing clients to pay as if they were making a local transaction. - International Payments: Send money to over 70 countries using the mid-market exchange rate, with transparent fees and no hidden charges. - Batch Payments: Streamline operations by making up to 1,000 payments in one click, ideal for paying suppliers or employees globally. - Direct Debits: Set up direct debits to manage recurring payments and subscriptions efficiently. - Accounting Integrations: Integrate seamlessly with accounting software like Xero, QuickBooks, and FreeAgent to automate financial reporting and reconciliation. - Business Debit Cards: Issue physical and digital debit cards for team members, enabling controlled spending and expense management. - Interest on Balances: Opt-in to earn interest on USD balances, with FDIC insurance coverage up to $250,000 through partner banks. Primary Value and Solutions Provided: Wise Business addresses the complexities and high costs associated with international financial transactions. By offering real-time exchange rates, low and transparent fees, and a suite of tools tailored for global operations, it empowers businesses to expand internationally without the traditional financial barriers. The platform's integrations and features reduce administrative burdens, enhance cash flow management, and provide a secure environment for cross-border transactions, enabling businesses to focus on growth and innovation.
Average Rating: 3.8/5.0
Total Reviews: 96
How Do G2 Users Rate Wise Business?
- Ease of Use: 8.8/10 (Category avg: 8.9/10)
- E-Commerce: 8.7/10 (Category avg: 8.5/10)
- Self Service: 7.8/10 (Category avg: 8.8/10)
- Payments Scheduling: 8.1/10 (Category avg: 8.6/10)
Who Is the Company Behind Wise Business?
- Seller: Wise
- Year Founded: 2011
- HQ Location: London, GB
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LinkedIn® Page: www.linkedin.com
11,771 employees on LinkedIn®
Who Uses This Product?
- Top Industries: Computer Software, Information Technology and Services
- Company Size: 78% Small, 15% Medium
What Do G2 Reviewers Say About Wise Business?
AI-generated summary from verified user reviews
Pros
- Users love the user-friendly interface of Wise Business, making international payments and currency management effortless and efficient.
- Users appreciate the easy management of multiple currencies with Wise Business, enabling smooth international payments.
- Users appreciate the efficiency of Wise Business, highlighting effortless management of multiple currencies and fast, transparent transfers.
- Users praise Wise Business for its time-saving efficiency, streamlining international payments with clarity and ease.
- Users love the user-friendly virtual cards from Wise, making transactions and currency conversions seamless and convenient.
Cons
- Users note that high fees for transactions and conversions with Wise Business can quickly become burdensome.
- Users face challenges with banking issues, including double fees and lack of support from partner banks.
- Users find that currency exchange issues arise due to high fees on transfers and conversions, impacting overall costs.
- Users experience payment delays due to limited transfer options, slower processing times, and additional documentation for large transfers.
- Users experience limited international support, facing slower transfers and excessive verification steps in some countries.
What Are Recent G2 Reviews of Wise Business?
"International Multi-Currency Payments with Upfront Fees & Low Exchange Rates"
Rating: 5.0/5.0 stars
— Jenom N.
"Excellent Communication and Secure Money Transfers"
Rating: 4.0/5.0 stars
— Monica A.
What Are G2 Users Discussing About Wise Business?
- What is TransferWise for Business used for?
- What is Wise platform?
- Is TransferWise better than zoom? - 1 comment, 1 upvote
- What services does TransferWise offer? - 1 comment
- What are the benefits of TransferWise? - 2 comments

