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Wise Business Reviews & Product Details

Wise Business Overview

What is Wise Business?

TransferWise helps money transfer with cheaper international payments, manage treasury, and allows to request money from anywhere.

Wise Business Details
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Product Description

TransferWise helps money transfer with cheaper international payments, manage treasury, and allows to request money from anywhere.


Seller

Wise

Description

Wise, formerly known as TransferWise, is a financial services company that specializes in providing international money transfer services. Established in 2011, Wise aims to offer a more affordable and transparent alternative to traditional banks by offering real exchange rates with minimal fees. The platform allows customers to send money across borders seamlessly, maintain multi-currency accounts, and spend abroad using its debit card. Wise’s services cater to both personal users and businesses, supporting transactions in numerous currencies worldwide.

Recent Wise Business Reviews

Juan Carlos V.
JV
Juan Carlos V.Small-Business (50 or fewer emp.)
5.0 out of 5
"It has been such a great tool to transfer funds to my country and credit card works like charm!!"
Transfers are really easy to do and money arrives so fast
Verified User
U
Verified UserSmall-Business (50 or fewer emp.)
5.0 out of 5
"Best Wallet"
Wise is the most user friendly virtual wallet. It’s so smooth and nice to use. I’ve been with it for 2 years already
Lazaros D.
LD
Lazaros D.Mid-Market (51-1000 emp.)
4.5 out of 5
"Service"
Wise business transfers from one currency to the other are instant, local payments on USD to USD are quick as well as payments local GBP to GBP

Wise Business Media

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89 Wise Business Reviews

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89 Wise Business Reviews
3.9 out of 5
89 Wise Business Reviews
3.9 out of 5

Wise Business Pros and Cons

How are these determined?Information
Pros and Cons are compiled from review feedback and grouped into themes to provide an easy-to-understand summary of user reviews.
Pros
Cons
G2 reviews are authentic and verified.
Juan Carlos V.
JV
Software Developer
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Wise Business?

Transfers are really easy to do and money arrives so fast Review collected by and hosted on G2.com.

What do you dislike about Wise Business?

Nothing, love how to use multiple virtual cards Review collected by and hosted on G2.com.

What problems is Wise Business solving and how is that benefiting you?

It make my live easy when recieving payments from other countries Review collected by and hosted on G2.com.

Cherilyn A.
CA
Lead Generation Manager
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Wise Business?

You can set up and receive multiple currencies. I could use it as my card/debit card abroad. Easy for me to convert the USD funds I have to the currencies of the country I'm vacationing. Review collected by and hosted on G2.com.

What do you dislike about Wise Business?

You can only receive your funds 20 minutes if you only send a maximum of 50k pesos to your bank account, but if 50K+ this will be received after 3 days. Review collected by and hosted on G2.com.

What problems is Wise Business solving and how is that benefiting you?

Easy and real time receiving my funds from my Deel account to wise. I was able to easily convert the USD fund I have to any currency I want with very minimal fee, as well as sending to my bank account. Review collected by and hosted on G2.com.

Lazaros D.
LD
Treasurer
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Wise Business?

Wise business transfers from one currency to the other are instant, local payments on USD to USD are quick as well as payments local GBP to GBP Review collected by and hosted on G2.com.

What do you dislike about Wise Business?

When there are payment queries you are supposed to reach out to the partner bank yourself as the client which is something they do not tell you, the partner banks are not even available to respond to your queries Review collected by and hosted on G2.com.

What problems is Wise Business solving and how is that benefiting you?

To be able to have bank accounts which our clients in different jurisdictions can pay into with ease Review collected by and hosted on G2.com.

Agustina W.
AW
Senior Graphic Designer
Enterprise(> 1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Wise Business?

It has the lowest fees. Trust me, I've tried a lot and this one is the most reasonable one when it comes to fees. It allows me to have my paycheck in SECONDS and it doesn't charge me a penny. It also allowed me to withdraw cash from an ATM. Insanely comfortable. Review collected by and hosted on G2.com.

What do you dislike about Wise Business?

I guess the only thing I don't like is that I can't use it in my own country (Argentina) but that's due to all of the craziest regulations we have. Review collected by and hosted on G2.com.

What problems is Wise Business solving and how is that benefiting you?

It solved the problem of withdrawing my money from the account my work uses for payment. I can't leave the money there because it's not a bank account. But WISE lets me take it out in SECONDS so I can use it INMEDIATELY and it charges me 0 fees. It's amzing and I love it. I can also use it in Apple Pay all around the world, which is very convenient when travelling. Review collected by and hosted on G2.com.

Verified User in Legal Services
UL
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Wise Business?

Wise is the most user friendly virtual wallet. It’s so smooth and nice to use. I’ve been with it for 2 years already Review collected by and hosted on G2.com.

What do you dislike about Wise Business?

There’s nothing I dislike. The best wallet Review collected by and hosted on G2.com.

What problems is Wise Business solving and how is that benefiting you?

It’s easy to use. In over 2 years I haven’t had any issues with it Review collected by and hosted on G2.com.

Verified User in Information Technology and Services
UI
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Review source: Organic
What do you like best about Wise Business?

Its comfortness in using wise application.

Wise mobile App installation is easy.

Lots of features to use.

It can be easily merged with other platforms. Review collected by and hosted on G2.com.

What do you dislike about Wise Business?

Transaction fees should be lower for smaller transactions, and the conversion rate should be higher. Review collected by and hosted on G2.com.

What problems is Wise Business solving and how is that benefiting you?

Wise provides transparent, real-time exchange rates without hidden markups, ensuring businesses get the best rates for currency conversions.

Traditional international transactions can take several days. Wise provides faster international transfers, often processing within hours or a day, which benefits businesses by improving cash flow. Review collected by and hosted on G2.com.

Jan B.
JB
Trainer
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Wise Business?

I like wise app because it is user friendly. Review collected by and hosted on G2.com.

What do you dislike about Wise Business?

Some fees are too much, when transferring from another financial institution Review collected by and hosted on G2.com.

What problems is Wise Business solving and how is that benefiting you?

I like the Wise interface as it offers different account across different currencies. Review collected by and hosted on G2.com.

Verified User in Information Technology and Services
UI
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Wise Business?

Easy to use platform, quick to navigate. Review collected by and hosted on G2.com.

What do you dislike about Wise Business?

Customer Support is the worst among all the products that I used, they're just incompetent. I used Wise for the past 3 years as Personal and Business Account.

1) Be ready that you would have to explain yourself each time, because whenever you chat with someone, weirdly always someone else would reply. Imagine explaining yourself over and over again.

2) Privacy Issues - on top of their negligence, they by mistake sent me someone's reply, what a failure. Gladly there was no confidential info. When I caught them, they apologized for a mistaken name (a totally different guy), but said the reply was meant for me. Even though it was completely irrelevant.

3) They continuously reply with help articles which I read many times, and don't reply to my questions. I don't know why, but they simply ignore it.

4) Carelles' responses, support team didn't even bother to read my questions and replied with WRONG info. I have a business account with multiple currencies, their response was that I can't receive money in different currencies, while I already did. Review collected by and hosted on G2.com.

What problems is Wise Business solving and how is that benefiting you?

Receiving Money on my business bank account. Review collected by and hosted on G2.com.

Guy R.
GR
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Review source: Organic
What do you like best about Wise Business?

The conversion rates were better than alternatives Review collected by and hosted on G2.com.

What do you dislike about Wise Business?

1. The UI doesn't tell you if something is wrong

2. The KYC department that stopped a transaction is unreachable and unclear. Their commuication with the customer-facing team is like God to priests where the latter try to decipher what the all-powerful entity did what it did.

3. Inability to properly tell the customer what went wrong and how to fix it. Review collected by and hosted on G2.com.

What problems is Wise Business solving and how is that benefiting you?

Transfering money between countries without banks fees Review collected by and hosted on G2.com.

Verified User in Online Media
UO
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Verified Current User
Review source: G2 invite
Incentivized Review
What do you like best about Wise Business?

It allows me to receive my money very easily from a mexican startup. Also it has the highest conversion rate from USD to CLP, which is great. I can receive my money on any bank of my choice. Review collected by and hosted on G2.com.

What do you dislike about Wise Business?

I dont like the customer support. They take too long to answer, and the answer is not helpful. Also I dont like that it takes like 2-3 business days to have my money on my local bank (from Chile). Also they dont have a physical card for me on Chile. And lastly they dont allow Mexican companies to have a Wise account. Review collected by and hosted on G2.com.

What problems is Wise Business solving and how is that benefiting you?

It's a bit faster than Swift transfer. It has higher conversion rate from USD to CLP, and lower comissions. Review collected by and hosted on G2.com.