Top 6 Wise Alternatives in the US & Who They're Best For (2025)

Wise, formerly TransferWise, is a financial technology company offering money transfers for individuals (Wise) and businesses (Wise Business) across 40+ currencies. Known for its competitive exchange rates and low fees, Wise provides a cost-effective alternative to traditional banks. [1]

But is Wise right for your business?

Although Wise is a popular choice, some users look for alternatives due to limitations like transaction size caps or the absence of certain features. Exploring other options can reveal features that may better align with your business needs. 

In this guide, we will introduce you to the 6 best alternatives to Wise, reviewing the core services each one offers and recommending who they are best suited for.

Let’s dive in.

Xe.com (Xe) is an online foreign exchange services company founded in 1993, and headquartered in Ontario. It enables business users to send money to over 190 countries and territories. Some of the most popular transfer destinations include Canada, the UK, New Zealand, India, and Australia. [2] 

The platform enables startups, SMEs, and large enterprises to pay vendors, employees, and partners globally. Xe serves industries such as IT services, retail, manufacturing, travel, and financial institutions.

• Several international payment methods: Support for ACH direct debit (US), wire transfers (global), and agent-assisted payments.
• Transfer tracking: Monitor the status of your transfers in real-time through your online Xe account or mobile app.
• FX risk management: Utilize FX options, spot transfers, and limit orders to manage currency exchange risks.
• Scheduled payments: Schedule future business transfers at set rates 
• No send limits: No restrictions on large transfers.
• Software integrations: Direct integrations with Microsoft Dynamics 365 Business Central, Dynamics 365 Finance, and Sage Intacct.
• Currency data API: Xe Transfer provides real-time currency exchange information for 170+ global currencies.
• Advanced service for large transfers: Users sending over USD 50,000 annually can get assistance with large transfers, forward orders, market orders, and automated regular payments.
• Other services: Buy property abroad, invest globally, manage assets, pay mortgages, and transfer inheritances.

We cannot find specific information or a full breakdown of Xe transfer fees. However, according to Xe Transfer’s website, they charge low to zero fees on most international payments, subject to terms and conditions. Transfer fees depend on the method, with debit and credit card payments having higher fees for faster delivery, while wire transfers or direct debits are more cost-effective but slower. Fees also vary based on the transfer amount, with larger transfers often incurring lower fees, as well as the transfer options and the destination country. 

For certain services, such as same-currency payments, additional fees may apply. Fees will be displayed on the platform before you confirm your transfer. Please contact Xe for up-to-date details.

✅ You’re a business making large international payments without needing to hold funds.

✅ You need advanced tools to manage currency risks and exchange rate fluctuations.

✅ You need to handle property purchases, international inheritance transfers, or similar services.

✅ You’re a business making large international payments without needing to hold funds.

✅ You need advanced tools to manage currency risks and exchange rate fluctuations.

✅ You need to handle property purchases, international inheritance transfers, or similar services.

Payoneer is an American financial platform founded in 2005. It is designed especially for freelancers, businesses, and marketplaces. [3]  The platform supports receiving payments from clients and marketplaces, transferring funds from bank accounts, sending money to suppliers, paying business expenses, and accessing working capital.

Its standout feature is its integration with popular marketplaces and ecommerce platforms such as Amazon, Shopify, eBay, and WooCommerce, allowing millions of users to transact.

• International transfers: Send payments in 70+ currencies to 190+ countries and territories.
• Local currency accounts: Accept payments in various currencies through local bank transfers, such as USD, AUD, JPY, EUR, HKD, SGD, CAD, GBP, and AED.
• Business Mastercard® card: Available in USD, EUR, GBP, and CAD, with the option to order multiple virtual cards.
• Request payments: Invoice clients globally using just an email address. Accept payments via credit cards, ACH, or PayPal. Request up to 200 payments at once.
• Accept payments on your website: Customise the checkout page to accept payments via cards and other methods.
• Integrations: Connect with 2,000+ ecommerce platforms and marketplaces, including Amazon, eBay, Shopify, WooCommerce, Fiverr, and Upwork.

✅ You’re an ecommerce seller needing marketplace integrations with platforms like Amazon, eBay, or Shopify. 

✅ You’re an ecommerce seller, freelancer, or digital nomad with your own website and want to accept payments directly. 

✅ You need to request payments from multiple clients simultaneously and manage them across various platforms.

✅ You frequently make international transfers and want to keep fees low with a simple, transparent fee structure.

✅ You travel often and need a multi-currency card with zero transaction fees for spending abroad.

Founded in 2011, Remitly is a US-based online money transfer service headquartered in Seattle. [4]  The platform offers fast, low-cost cross-border transfers, initially focusing on peer-to-peer payments but now serving small businesses, including sole proprietorships and LLCs in the US. 

Remitly's Business Profile Service lets registered businesses send international money transfers from the United States to recipients in supported locations. 

• International remittances: Send money to 150+ countries 
• Delivery options: Bank deposit, cash pickup, and mobile wallet, home delivery, debit card deposit, or direct bank account transfer, depending on the recipient's location.
• Global and local connection: Send money to the preferred option in a specific country.
• Guaranteed delivery: If your transfer is not delivered on time, Remitly may refund the fees.

✅ You’re a US-based business owner needing a simple way to send international remittances without complex features.

✅ You need to send money to recipients who don’t have bank accounts and prefer a cash pickup option.

✅ You’re sending money to developing countries.

✅ You need a financial solution with a multi-currency account and card.

✅ You need to send larger transfers with higher limits.

✅ You want to manage both personal and business expenses in one platform

PayPal is an American multinational technology company that was established in 1998. It is known for peer-to-peer payments and as a service for making online payments. [5] In addition to its widely used personal service, PayPal also offers PayPal Business for small businesses and enterprises.

For ecommerce, the platform is also one of the most preferred payment gateways. It has a global presence, earning the trust of 400+ active accounts across the world, operating in 200+ markets, and supporting 140 currencies.

• Accept payments online and in person: Offer popular payment options, like major credit and debit cards. Customers don't need a PayPal account to pay. You can choose to convert foreign payments into US dollars automatically or accept them without converting for up to 21 other currencies. 
• Enable instalment payments: Get paid upfront while customers pay in instalments with Pay Later.
• Access financial services: Apply for business loans and credit cards to support growth.
• Tools for daily operation: Manage sales, track shoppers, simplify shipping, and reduce risk.
• Integration: Integrate with ecommerce platforms and connect your online store and other tools like accounting and marketing automation.
• PayPal Business Debit Card: Use your PayPal balance for purchases and withdrawals, earning unlimited 1% cash back on eligible purchases.
• Enterprise Solution: Various advanced tools including guest checkout, Venmo payments, chargeback protection, global payouts, and API integration.

PayPal fees are primarily based on the consumer's payment method:

✅ You’re a small to medium business needing a well-known all-in-one payment platform with global coverage, including both online and in-person payments.
✅ You want to offer Buy Now Pay Later, subscriptions and Venmo as payment methods to your customers.
✅ You need access to business loans and additional financial services, such as sales tracking, for growth.

✅ You prefer a simpler fee structure with lower costs for international transfers.
✅ You’re focused on sending money internationally with competitive exchange rates.
✅ You don’t require in-person payment options or complex payment solutions.

Headquartered in Sydney, OFX is a fintech company specialising in foreign exchange and payment services. The company has established a global presence with offices in locations such as Toronto, San Francisco, London, Dublin, Sydney, Auckland, Hong Kong, and Singapore.

The platform serves both individuals and businesses, having facilitated the transfer of over USD 191 billion globally. OFX is best known for competitive foreign currency exchange and various currency risk management options. [6] 

• International transfers: Send money securely to over 170 countries worldwide and transfer funds in more than 50 currencies from the US. 
• Rate alerts: Set up rate alerts to receive email or SMS notifications when your target exchange rate is reached.
• Historical currency performance: Review historical currency performance to analyse trends.
• Currency pair tracking: Monitor the performance of specific currency pairs over days, weeks, months, or years.
• Mass payments: Automate mass payments to up to 500 recipients 
• Scheduled payments: Set up recurring payments for a duration of up to 12 months and receive email notifications when payments are processed.
• Other services: Pay overseas staff and suppliers, and receive international business payments at competitive rates.

As stated on the OFX website, there are no fees for transfers initiated from the United States. Instead, OFX generates revenue through exchange rate conversions. This rate will be displayed on the platform before you initiate the fund transfers.

However, third-party banks involved in the transfer may impose a fee. The amount of this fee varies depending on the intermediary bank.

✅ You’re a business making large or frequent international transfers and need competitive currency exchange rates.
✅ You frequently deal with currency risk and need tools for managing it.
✅ You need to make mass payments to multiple recipients or set up recurring payments, such as for payrolls and suppliers.

✅ You need a multi-currency account to manage funds across different currencies.
✅ You want a multi-currency card for international spending.
✅ You prefer a simpler, user-friendly platform with upfront fees and easy access to your funds.

Founded in 2015, Revolut is a British multinational neobank and fintech company that provides a wide range of financial services for both personal and business clients.  Its offerings include multicurrency accounts, money transfers, currency exchange, corporate cards, and—depending on the region—additional features like stock trading and cryptocurrency transactions.

Revolut operates with banking licenses in some areas, such as the UK. However, it has not yet secured a banking license in the US. Revolut expanded to the US market in early 2020 and is currently exploring the possibility of applying for a US banking license to offer more comprehensive banking services to American customers. [7]

• Multi-Currency account: Hold up to 25 currencies in a single account.
• USD, GBP, and EUR transfers: Unlimited incoming transfers in USD, GBP and EUR. Send and receive international transfers in these currencies at the same speed and cost as domestic transfers, using local account details.
• Global transfers: Send money in 25+ currencies to over 150 destinations worldwide, whether it's for paying salaries or suppliers. Receive funds globally via SWIFT and BIC.
• Currency exchange: Exchange 25+ currencies at competitive rates.
• Business cards: Issue physical and virtual business cards, usable in 130+ currencies. Link them to specific currency accounts to manage different spending needs.
• Expense management: Track card transactions, set up spend controls and approve payments.
• Business API: Manage payments, issue cards, and automate processes through a powerful API.
• Business tool integration: Integrate with popular software such as Google Workspace, Zapier, Slack, and accounting/HR tools.

Here are the main fees for Revolut, as listed on their website:

✅ You frequently make USD, GBP, and EUR transfers and want to manage these currencies at the same cost and speed as domestic transfers.
✅ You’re looking for currency exchange features such as limit and stop orders that offer more control over your rates.

✅ You prefer a simple, transparent fee structure with no tier and no monthly fees.

✅ You use a card frequently, as Wise offers no transaction fees on its multi-currency card.

By now, you may have a clearer picture of which option might be right for your business. You might even need more than one option to fulfil all your specific requirements. 

While there’s no definitive answer to the best alternative, pick the option that aligns most closely with your business needs to ensure it helps drive your success in this competitive landscape.