Wise Business Review & Pricing (2026)

Wise Business

Funding & Payments

Wise Business is a multi-currency business account from Wise Payments Limited, an electronic money institution rather than a bank. Account holders can obtain local account details in a set of supported currencies, hold balances, convert at the mid-market rate plus a stated fee, send batch payments, issue debit cards, and connect accounting software such as Xero and QuickBooks.

Amazon sellers use Wise account details to receive local payouts from each marketplace region. Wise documentation notes that Amazon pays out locally only, so one set of GBP or EUR details cannot receive other currencies. Wise handles money movement rather than inventory, listings, or advertising. Setup fees and feature availability vary by country of registration, and balances are safeguarded rather than covered by deposit insurance.

Capabilities
Local Account Details
One setup fee unlocks account details for receiving, with 14 currencies offering their own details.
Mid-Market Exchange Rate
Wise converts at the mid-market rate and charges a separate stated fee starting from 0.33 percent.
Free Domestic Receiving
Receiving domestic, non-SWIFT payments is free in AUD, CAD, EUR, GBP, HUF, NZD, PHP, SGD, and USD.
Batch Payments
Sellers can pay up to 1,000 contacts in a single upload.
Volume Discounts
Monthly transfers above a stated threshold qualify for a discounted conversion fee.
Business Debit Cards
Physical and digital multi-currency cards are available with a monthly free ATM withdrawal allowance.
Accounting Integrations
Wise syncs with supported accounting software including Xero and QuickBooks for multi-currency reporting.
Team Controls
Custom spending permissions and team access settings are configurable in the account.
Interest and Stocks
Eligible customers can hold balances in an interest-earning fund or in stocks, each with a stated annual fee.
Strengths
Pricing is published in an itemised fee table plus a regulator-standardised format document.
Conversion uses the mid-market rate with the fee stated separately rather than built into the rate.
The US setup fee is materially lower than the fee quoted on the UK site.
Wise publishes a dedicated help article on receiving Amazon payouts, including the local-payout limitation.
Wise serves the United States directly through Wise US Inc., which is FinCEN-registered and state-licensed.
Receiving domestic, non-SWIFT payments in nine currencies carries no fee.
Considerations
Wise is an electronic money institution rather than a bank, and balances are safeguarded rather than covered by deposit guarantee schemes.
The setup fee varies by country of business registration, and some regions pay a registration fee at signup instead.
The headline currency count refers to currencies receivable into a given set of account details, and the number of currencies with their own details is smaller.
Amazon pays out only in local currency per marketplace, so a seller needs matching account details for each region.
Receiving USD wire and SWIFT payments carries a per-payment fee, with separate SWIFT fees for other currencies.
Feature availability differs by country, and Wise publishes a feature availability checker.
Pricing
Free account; one-off setup fee for account details
Free account, no subscription
Visit website
CategoryFunding & Payments
TypeSoftware
Pricing modelUsage-based
MarketplacesAmazon, Etsy, Stripe, PayPal, Upwork
Best forSellers wanting mid-market FX without a subscription
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