5 Alternatives to Wise Business UK

Having a Wise Business account makes international transactions easier for many freelancers, solopreneurs, and small business owners. But you want to see how Wise Business compares to other providers, so let’s dive in.

In this article, you’ll learn 5 alternatives to Wise Business that you can consider. For each provider, we will cover their features, fees, and user rating to help you make a buying decision.

We’ll also walk you through Wise Business and how you can use it to make cross-border transactions seamless.

💡 Learn more about Wise Business

Wise Business vs Alternatives UK: a summary

Here’s the comparison table of Wise Business vs. other providers:

What Wise Business in the UK offers

Wise Business is a game-changer and remains at the forefront of cross-border transfers and international payments, as well as everyday payment capabitlities for your domestic needs.

The Wise Business account provides a global business account for businesses that want seamless, affordable, and hassle-free international payments. You can make payments, get paid, and spend in different currencies. This explains why more than 700,000 global businesses use Wise to move and spend £12 billion monthly.

Wise Business also has a 4.3 rating on Trustpilot, based on 280,157 reviews.¹

Most types of businesses in the UK can use Wise Business. This includes

• Freelancers and sole traders
• Partnerships
• Limited and public companies

Some of the major features of Wise Business in the UK include:

• Multi-currency payments including USD, EUR, GBP, or other major currencies. You can receive payments in 40+ currencies with a Wise Business account,
• Free invoicing tools that let you create professional invoices, send payment links, and get paid from customers by card, making payment collection seamless.
• Spend with multi-currency debit cards in countries and territories.
• Send money to your suppliers, employees and contractors globally. 70% of global payments made on Wise Business arrive in 20 seconds, and 95% in under 24 hours.
• Get access to batch transfer and pay up to 1,000 contracts in a single click.
• Integrate with accounting software, including Xero, QuickBooks, Zoho Books and many others.
• Safe and secure transactions. Wise is compliant with the strictest security and regulatory standards.

One of the major upsides of Wise Business is that it lets you send and receive international payments. So whether you are receiving money from customers abroad or paying contractors overseas, having a Wise Business account lets you do that with ease.

Registration on Wise is free, with no subscriptions or monthly fees. However, there’s an upfront one-time fee of £50 to get access to local account details. With this account, you can receive payments from your customers in their local currency, meaning you don’t have to worry about exchange rates.

What Wise Business alternatives are there in the UK?

Here are 5 Wise Business alternatives that you can consider in the UK:

1. Revolut Business

Revolut Business is an all-in-one business account designed for handling global payments and managing money in multiple currencies. The finance platform has more than 500,000 business customers³, and it’s supported globally in 25+ currencies to 150+ destinations, so you can send money around the world easily.⁴

It also provides corporate (physical and virtual) debit cards that let you control your spending.

Revolut Business account is suited for companies of all sizes, ranging from startups to small businesses to enterprises.

Fees: Fees and features depend on the paid plan you are on, they offer four: Basic, Grow, Scale and Enterprise. Enterprise account features and fees are custom, in which you contact sales for a custom quote.

FX fees outside the plan limits are a 0.6% markup and 1% when made outside market hours/weekends. There are no fee transfers when transferring to other Revolut accounts.⁴

Currencies supported: Revolut Business accounts support 25+ currencies, allowing you to send or receive with global or local account details.⁴ UK customers only have local account details in EUR, so any other international currencies such as USD, SWIFT account details are used.⁵

For merchant payments:²⁰

• Debit or credit cards, Apple Pay, and Google Pay: AUD, CAD, CHF, CZK, DKK, EUR, GBP, HKD, HUF, ILS, JPY, MXN, NOK, NZD, PLN, RON, SEK, SGD, TRY, USD, ZAR
• Revolut Pay: AED, AUD, CAD, CHF, CLP, COP, CZK, DKK, EUR, GBP, HKD, HUF, ILS, INR, ISK, JPY, KRW, MXN, NOK, NZD, PHP, PLN, QAR, RON, RSD, SAR, SEK, SGD, THB, TRY, USD, ZAR

Note: The maximum payment amount per transaction is £50,000 (or the equivalent in your currency).

Trustpilot Rating: 4.6² (from 359,631 reviews)

2. Tide

Tide is a finance platform designed for small business owners. Tide business account (known as Tide Business Current Accounts) through its partner, ClearBank⁸.

Small business owners can use this business account to send and receive euros within one business day. With just one account and one payment card, you can complete all your SEPA (The Single Euro Payment Area) transactions seamlessly⁹. This means you can receive payments from customers and send payments to suppliers with bank accounts in the SEPA Zone.

Tide lets you send international payments in USD to the US through ACH (Automated Clearing House)¹⁰. Currently, there is no capability to receive USD via ACH.

Whilst customers can receive GBP via SWIFT payments from over 200 countries, customers are unable to send SWIFT payments themselves - only ACH and SEPA are supported. The only other currency you can receive payments in is EUR, which you can access with local IBAN account details.¹²

Plans and fees, Tide offers four plans¹¹:

• Free: No monthly fee. This plan includes free UK card transactions and 5 free transfers per month to/from other bank accounts. There’s also a 2.75% FX fee on foreign currency card transactions, and 20p per transfer + 1.50% FX fee for transfers to/from foreign bank accounts.
• Smart: This plan costs £12.49/month. Here you get free UK and foreign currency card transactions, 30 free transfers per month to/from other bank accounts. There’s a 20p per transfer charge above the free limit + a 0.50% FX fee for foreign bank transfers.
• Pro: At £24.99/month, you get free UK and foreign currency card transactions, unlimited free transfers to/from other bank accounts, and no transfer fee + 0.50% FX fee for foreign bank transfers.
• Max: This plan costs £69.99/month. You get free UK and foreign currency card transactions, unlimited free transfers to/from other bank accounts, and no transfer fee + 0.50% FX fee for foreign bank transfers.

Currencies supported: GBP (send and receive), EUR (send and receive) and USD (send only). Depending on your plan, you’ll have from 5 to unlimited free payments for EUR and GBP transfers. Each EUR SEPA and USD transaction also has a 1.5% FX markup. Paid plan members will pay a 0.5% markup¹⁰.

Trustpilot rating: 4.4⁷ (from 31,511 reviews)

3. Airwallex

Airwallex is a global payment and financial platform designed to help businesses process international transactions through a single account. Using this financial platform lets you open a local currency account to receive funds, and accept and send payments internationally at interbank rates.

With Airwallex, you can also issue corporate Visa cards for your team members to make purchases anywhere Visa is accepted. With cards, employees can pay directly from their multi-currency wallet balance, eliminating FX conversion and saving you conversion fees.

The platform offers bill pay and built-in expense management tools. It also integrates with popular accounting software such as QuickBooks, Xero, and NetSuite, meaning you don’t have to spend hours manually entering data into your accounting software. ⁴

Plans and fees, Airwallex offers three plans¹⁴:

• Explore: At £19/month (or free if you deposit or hold a minimum of £10k per month), this plan covers the essentials for small businesses. You get accounts with local bank details in 20+ currencies, local transfers to 120+ countries, and access to interbank FX rates at 0.5% above for major currencies, or 1% for all others. Up to 10 free company cards.
• Grow: At £49/month, you get everything in Explore, plus your free company card allowance jumps to 50.
• Accelerate: From £999/month, you get everything in Explore and Grow, including more spend capabilities, integrations including HRIS and a dedicated account manager. This plan is built for large businesses that need enterprise-level capabilities.

Currencies supported¹⁴: Ability to receive and hold currencies in 20+ currencies (or 120 countries), with local account details. With SWIFT payment routes included, you can send to 200+ countries but these have delivery fees of £10-20.

Trustpilot rating: 3.4¹³ (from 2,283 reviews)

4. Payoneer

Payoneer is a financial technology platform built to help small and medium-sized businesses like yours transact, operate, and grow internationally.

Whether you're a freelancer, an e-commerce seller, or a growing business in an emerging market, having a Payoneer business account makes it easier to get paid by international clients, pay suppliers and contractors, and manage your money across multiple currencies from one platform.

The platform lets you create local receiving accounts in multiple currencies. Payoneer also integrates with over 2,000 marketplaces, making it easy to receive payments in 190+ countries and territories and 70 currencies¹⁶.

Fees: Payoneer charges based on the payment type¹⁷:

Getting paid:

• From another Payoneer customer: Free, in EUR, USD, GBP, and more.
• Directly from clients: Up to 3.99% (plus an additional $0.49 fixed fee in certain countries) for credit card payments, 1% for ACH bank debit (US only), and 3.99% + $0.49 for PayPal (US only).
• From marketplaces and networks: Fees vary by platform.
• Via receiving accounts: Free when receiving funds in the local currency of your primary location (e.g., GBP in the UK). A fixed fee or 1% fee applies for all other currencies.

Paying suppliers, employees, and contractors:

• To a Payoneer account (different country): Up to 1% of the transaction amount, with a minimum fee of up to $4.00 USD.
• To a Payoneer account (same country): A flat fee of up to $4.00 USD, EUR, or GBP per transaction for payments made in USD, EUR, or GBP.
• To a bank account (recipient without Payoneer): Between 1-4% of the transaction amount, depending on region and transaction volume.
• To a bank account in local currency (US, UK, EU customers up to $50,000/month): A flat fee of $1.50 USD, €1.50 EUR, or £1.50 GBP per payment.
• To a bank account in local currency (US, UK, EU customers over $50,000/month): 0.5% of the total withdrawal amount.

Currencies supported¹⁶: The platform supports 70+ currencies, including USD, EUR, GBP, CAD, AUD, JPY, CNY, HKD, SGD, NZD, CHF and more.

Trustpilot rating: 3.6¹⁵ (from 62,521 reviews)

5. Remitly

Remitly Business is an international payments platform for UK-registered sole traders, limited companies and partnerships. It's designed to help businesses pay freelancers or contractors who work abroad, settle vendors without hidden fees, pay employees salaries in their local currencies, and send one-off transactions. You’ll also get access to dedicated business account support. ¹⁹

Fees: There’s no account opening fee or monthly subscription¹⁹. Remitly’s transfer fees for business accounts are the same as for personal accounts²⁰ but it varies depending on what country you are sending or receiving from, the currency and its payment route. You will also also get an exchange rate conversion charge on all transfers, which are not clear until you’re ready to make the payment.

For example, you will see a fee of £0.99 when sending GBP to USD, you get a promotional exchange rate on your first transfer (new customers only) but the actual cost depends on the payment method, delivery option and exchange rates after the first ‘special rate’.²¹

Currencies supported: Remitly supports over 100 currencies and ability to send to 170 countries ¹⁹. You do have the ability to receive payments, such as through a bank transfer, however it’s unclear what options are available and it depends on the country you receive money.

Trustpilot rating: 4.6¹⁸(from 103,976 reviews)

Try Wise Business for your international transactions

While each alternative on this list has its strengths, Wise Business stands out for businesses that want an easy and transparent way to manage international payments.

With free registration, fast transfers, and support for multiple currencies, it gives UK businesses the tools they need to send, receive, and manage money across borders without any hassle.

With Wise Business, you can:

• 🌍 Send money to 140+ countries at the mid-market exchange rate with no hidden fees or sneaky exchange rate markups (product availability varies by region; please check the Wise website for local availability)

• 📥 Receive payments in 24 currencies and counting

• 💵 Get local account details for 8+ currencies, including USD and EUR, to let your customers pay in a currency they know and trust - convenience for them and peace of mind for you.

• 💰 Hold money in 40+ currencies

• ⚡ Use the batch payments tool to create and send up to 1,000 payments in a single transfer

• 👥 Run payroll and make international payments for up to 1,000 employees all over the world

• 💳 Get business debit cards with 0.5% cashback for you and your team to keep track of team expenses and spend all over the world

• 🏢 Manage cash in 55+ currencies across international offices from a single business account and move money between business accounts in seconds (exact speeds can vary depending on individual circumstances and may not be the same for all transactions)

• 🔄 Connect and sync every business transaction to your favourite accounting software, including Xero, Quickbooks, and more

• 🔐 Create your own payment approvals process to manage your team better with customised access for different team members

• 📑 Create custom professional invoices and schedule invoice payments for future dates

• 📈 Earn returns on GBP, USD and EUR with Wise Interest (Capital at risk, growth not guaranteed. Your money is at risk if governments default or interest rates go negative. Visit https://payout-surge.live/gb/interest/%3C/a%3E to find out more)

• 🔗 Create payment links and QR codes to get paid easily

• ⚙️ Automate payouts with the Wise API (comes with 24/7 customer support, a sandbox account to test integrations, API tokens, and clear documents on how to implement and make the most of our API)

Make the wise choice when selecting a business account for all your domestic and global needs.

Be Smart, Get Wise.

Register for Wise Business ✍️

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Investments can fluctuate, and your capital is at risk. Interest is offered by Wise Assets UK Ltd, a subsidiary of Wise Payments Ltd. Wise Assets UK Ltd is authorised and regulated by the Financial Conduct Authority with registration number 839689. When facilitating access to Wise investment products, Wise Payments Ltd acts as an Introducer Appointed Representative of Wise Assets UK Ltd. Please be aware that we do not offer investment advice, and you may be liable for taxes on any earnings. If you're uncertain, we urge you to seek professional advice. To find out more about the Funds, visit our website.

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*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 used:

1. Wise Reviews | Read Customer Service Reviews of wise.com
2. Read Customer Service Reviews of www.revolut.com
3. Discover our company - Revolut
4. Business Account Plans | Revolut Business
5. Account Details | Revolut Business
6. Supported currencies and cards | Revolut United Kingdom
7. Read Customer Service Reviews of tide.co
8. Open a business bank account online | Tide Business
9. SEPA International Payments | Tide Business
10. Can I make international payments? | Tide Business
11. Plans and pricing | Tide Business
12. Can I receive currencies other than GBP into my account? | Tide Business
13. Read Customer Service Reviews of airwallex.com
14. Plans & Pricing | Airwallex Official Site
15. Read Customer Service Reviews of www.payoneer.com
16. Get Paid by Marketplaces with Payoneer – Fast, Global Payouts
17. Low fees and no hidden costs | Payoneer Fees
18. Read Customer Service Reviews of remitly.com
19. Reliable Global Business Payments from the UK | Remitly Business
20. Remitly for Business - Help article
21. GBP to USD Exchange Rates - Convert British pounds to US dollars | Remitly

Sources last checked: 4-Mar-2026