Why Wise is the Best Choice for Businesses Looking to Save on International Payments

In today’s globalized business world, companies frequently need to make international payments. Whether you're paying suppliers, managing payroll for a global workforce, or receiving payments from clients abroad, the costs associated with cross-border transactions can quickly add up. Traditional banking solutions often involve hidden fees and unfavorable exchange rates, which can eat into your business profits. But with Wise, businesses can not only save on fees but also maximize their earnings.

How Wise Helps Businesses Save

Wise, formerly known as TransferWise, offers transparent, low-fee solutions for international money transfers. Unlike traditional banks, Wise provides exchange rates based on the real market rate—what you see on Google or Reuters—with no hidden fees. Here’s how businesses can save:

Low transfer fees: Wise charges a small percentage of the transfer amount, typically far lower than banks.
No hidden fees: You’ll always know the exact amount you’re paying, with a breakdown of all charges provided upfront.
Real-time exchange rates: Wise offers mid-market exchange rates, without inflating them like traditional financial institutions.

Maximizing Earnings with Wise’s International Payments

Wise doesn't just help businesses save money—it can also help them earn more. By optimizing your international payment processes and reducing transfer fees, you can reinvest the savings into your business. This is particularly beneficial for small and medium-sized enterprises (SMEs), where every penny counts. Here’s how businesses can maximize their profits with Wise:

Improved cash flow: With faster payments and no unnecessary delays, your business can enjoy improved cash flow management.
Higher profitability: Reduced fees mean more money stays within your business, allowing you to boost profitability over time.
More competitive pricing: By lowering your transaction costs, you can pass those savings on to customers, giving your business a competitive edge in the market.

Why Choose Wise for Business Payments?

Wise offers businesses the flexibility and transparency they need to thrive in a global economy. Whether you’re a startup or an established business, Wise’s platform is designed to meet the needs of modern businesses with international operations. Here are a few key reasons why Wise is the best solution for businesses:

Multi-currency support: Wise allows you to hold and convert funds in over 50 currencies, making it easy to manage global payments from a single account.
Faster transfers: Most international transfers are completed within 24 hours, helping you stay on top of your business operations.
Global account details: You can receive payments as if you had local bank accounts in different countries, without needing to open foreign bank accounts.
Easy integration: Wise integrates with popular accounting software such as QuickBooks and Xero, streamlining your financial processes.

Real-Life Savings Example

Imagine your business needs to pay a supplier €50,000. A traditional bank might charge a flat fee of €30, plus a 2.5% markup on the exchange rate. With Wise, you only pay a small fee, typically around 0.5%, with no exchange rate markups. Over time, these savings add up, especially for businesses making regular international payments. If your business transfers large sums frequently, this can result in thousands of dollars in savings each year.

Conclusion: Start Saving with Wise Today

If your business is looking for a more cost-effective and efficient way to handle international payments, Wise is the solution. With its low fees, real-time exchange rates, and global reach, Wise can help your business save money and maximize profits. Don’t let high fees and poor exchange rates hurt your bottom line—switch to Wise and experience the difference for yourself.

Ready to start saving? Register in Wise now and discover how much your business can benefit from Wise’s international payment solutions.