3 Best Alternatives to Wise in July 2024

Stripe has better positive reviews compared to Wise: 94 vs 92

Stripe is better at customer service than Wise: 4.7 vs 4.2

Wise is easy to use compared to Stripe: 4.6 vs 4.5

Wise pricing plans are more competitive than Stripe: 4.5 vs 4.4

Stripe has more functions than Wise: 34 vs 8

As a business owner, I find Wise, formerly known as Transferwise, a great alternative to Stripe for several reasons. First, Wise offers a significantly lower transaction fee compared to Stripe. This is crucial for businesses like mine where margins are tight. Second, Wise supports a broader range of currencies, which is beneficial for businesses operating internationally. Third, Wise provides the real exchange rate without any markup, making it more cost-effective for cross-border transactions. Lastly, the platform's user-friendly interface and excellent customer service make it easy to manage transactions and resolve issues quickly. Therefore, considering all these factors, Wise emerges as a cost-effective and reliable payment solution for businesses.

I have used both Wise (formerly TransferWise) and Stripe, and while they both handle online transactions, they serve different objectives. Stripe is primarily a payment gateway, designed for businesses to accept online payments from customers. It supports different payment methods like credit cards, debit cards, and even cryptocurrencies. It also offers additional services such as fraud prevention, business management, and subscription models.

On the other hand, Wise is more focused on international money transfers for both individuals and businesses. It allows you to receive and send money abroad with low fees and the real exchange rate. You can also hold and manage money in multiple currencies with a Wise account. While Stripe handles the business side of online transactions, Wise is more about personal or business international money transfers.

Wise has better positive reviews than Revolut: 92 vs 85

Revolut is better at customer support than Wise: 4.6 vs 4.2

Wise's user interface is more convenient than Revolut: 4.6 vs 4.5

Wise pricing plans are more competitive than Revolut: 4.5 vs 4.4

Revolut is better at number of features than Wise: 52 vs 8