In one transaction of $2,000, Wise cost a UK recipient £106.47 less than PayPal. The payment solution claims to provide the “real” exchange rate, without inflating it with additional unseen fees. Wise dubs itself as “a cheaper way to send money internationally” and is a fantastic PayPal alternative if you make lots of international transfers.
Best for: Individuals and service-based businesses with a high volume of international transactions.
