Best Ways to Use Wise Business as a Freelancer in the UK
Find out how to get the most out of a Wise Business account as a freelancer in the UK. Our guide covers all features with use cases for freelancers.
Already an Upwork customer? You don’t need to leave your app to benefit from Wise. Upwork has partnered with Wise Platform to integrate our global payments infrastructure directly into Upwork. That means that Upwork customers can now access fast, convenient international payments directly in their Upwork app.
And, because Upwork has partnered with Wise Platform for their multi-currency payments, when you sign up with Upwork, you’ll also be able to access Wise’s fast and convenient international payments experience directly from Upwork.
Upwork is one of the largest freelancer sites in the world, allowing employers to find freelancers to complete projects - and connecting freelance and remote workers all over the globe with companies which need their skills. Using a freelance marketplace like Upwork can be a way to find work.
As a freelancer you can take on projects from clients based all over the world. This gives you a global pool of potential customers - but can make sending invoices and getting paid a hard work. In this article you will find a Upwork review, to understand better how does Upwork work, it's fees and best practices.
Upwork is the biggest global freelancing website in the world. It works to connect freelancers with businesses who need their skills, either for a one off project, or for a longer term relationship requiring custom services.
As more and more people start to work on a freelance or contract basis, and remote working becomes more popular, freelancing sites such as Upwork have become a popular way for freelancers to find work. At Upwork you can find projects over 70 categories, from web development to writing, and legal services to logo designers.¹
To get started on Upwork you’ll first need to create a profile, highlighting your skills and experience, and the type of work you’re looking for. The platform will automatically start to match you with projects which may be of interest, and you can also browse the site for jobs which appeal to you.
When you find a project you are interested in, you create a job proposal which you send to the employer. They’ll look at your profile and the proposal, and will also be able to see the history of the work you have done previously through Upwork, including the number of jobs you’ve completed and the reviews employers have left for you.
If an employer selects you to complete a project, you’ll complete the job, using the platform’s shared workspace for sending and receiving documents, managing expenses and tracking time, and communicating with the employer. Once the work is finished, you’ll be able to create and send an invoice using the platform, to receive payment.²
Once you’ve finished your project, you need to work out how to get paid.
Upwork hold project payments in escrow. This means the employer will pay Upwork in advance when they commission a freelancer, and they’ll hold the money securely until you agree the job is complete. At that stage, Upwork will pass on the payment - minus their fees - using your chosen payment method.
You can get paid using the following payment methods:
If you find an employer through Upwork, you’ll pay a fee to the platform for their service. Starting from March 03, 2023 Upwork now charges freelancers a flat fee of 10% of the contract earnings.³ This applies for all contract types, hour-based, fixed-price or project catalog, but some exceptions apply.
Still not sure if Upwork is for you? Here are a few benefits to consider:
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There are also some considerations to know about:
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Before you decide which platform to use as a freelancer, it pays to do some research into the best one for your needs. There are many different options, including more generalist sites featuring projects which could cover a wide range of skills, through to niche options where employers will look specifically for freelancers with a specific skill, like design or coding.
Here are some generalist freelance platforms to get your search started:
Fiverr - famous for the fact that project bids always start at $5 - this lends itself to small projects such as single blog posts and small design jobs.
PeoplePerHour - this platform offers some project management tools for employers, which can make it a simple way for them to source freelancers and manage their project through to completion.
Final Thoughts
Upwork is an option for many freelancers, as the range of projects available is large. You could find a client who wants a long term relationship with a freelancer for ongoing jobs - although you may need to build a reputation on the site, and make yourself attractive to employers.
*Disclaimer: The UK Wise Business pricing structure is changing with effect from 26/11/2025 date. Receiving money, direct debits and getting paid features are not available with the Essential Plan which you can open for free. Pay a one-time set up fee of £50 to unlock Advanced features including account details to receive payments in 22+ currencies or 8+ currencies for non-swift payments. You’ll also get access to our invoice generating tool, payment links, QuickPay QR codes and the ability to set up direct debits all within one account. Please check our website for the latest pricing information.
Sources:
Sources last checked March 30, 2023
*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.
This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.
We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.
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