Rated higher than Wise on G2.
Best for: Companies paying contractors in many countries by bank, wallet, crypto or card
- G24.4/5· 208
Wise Business is a payments service, scored here under contractor payouts alone. Its US pricing page lists sending from 0.23% plus a one-time 31 USD set-up fee, and BatchTransfer pays up to 1,000 recipients in one transfer. The business page claims payouts in 160+ countries, but its published pages list no destination countries. Wise holds its own SOC 1 Type 2, SOC 2 Type 2, PCI-DSS and ISO/IEC 27001, and its pages say support runs 24/7 in English.
Verdict
Best for
- Small businesses and startups, as Wise Business names them
- Teams that pay contractors, consultants or freelancers in bulk, up to 1,000 payments in one batch
- Buyers who want a priced percentage fee at the mid-market rate and sign up online without a sales call
- Finance teams that need a payments partner with published licences, a public customer agreement and SOC attestations
Not for
- Buyers who need a list of supported payout countries before they commit
- Teams that need contractor contracts or closing documents from the provider; its published pages describe payments, not documents
- Companies that want a dedicated account manager or a stated support response target
- Buyers who need an Employer of Record, a Contractor of Record or employee payroll, which Wise does not sell
- Stands out
- Compliance evidence: a public Business Customer Agreement, Wise Payments Limited on Companies House, eight of its licences with named regulators and four own security certifications, with the SOC reports available to business customers under an NDA.
- Biggest limit
- Coverage that rests on a claim. Wise Business says 160+ countries, its UK payouts page says 70+ in local currency, and no Wise Business page lists destinations, so we document none.
On this page
Services
Top alternatives to Wise
No provider here has a higher contractor payouts score from us than Wise; these follow it by our contractor payouts score. How we score
Best for: Companies of any size that work mostly with contractors spread over many countries
- Capterra4.1/5· 49
Best for: Startups, SMBs, agencies and enterprises: the segments Remozo names for its contractor product
Read review (Remozo)
Pricing
Setup fees and what each list price includes, by service.
| Service | Setup fee | Notes |
|---|---|---|
| Contractor payouts | US$31 | US Wise Business pricing lists sending and converting 'From 0.23%' (fee varies by currency) at the mid-market rate, and a one-time 31 USD set-up fee that covers every Wise Business feature; no subscription. The UK page lists 'From 0.24%' and a 50 GBP set-up fee. Volume discounts apply above 25,000 USD. BatchTransfer has no separate tariff on its page. BatchTransfer pays up to 1,000 recipients at once. Country counts differ by page: 160+ countries on the Wise Business send-payments page, 70+ countries in local currency on the UK payouts page; currencies held are 40+, 49 or 50 depending on the page.[1][2][3][4][5] |
How we scored Wise
Each service gets its own score from our five criteria. Review-platform ratings are not part of it.
Contractor payouts Our score 8.2 of 10
| Criterion | Weight | Score | Contribution | Why |
|---|---|---|---|---|
| Compliance | 30% | 10.0 | 3.00 | Contracting entity on a company register: yes; Service agreement: published; Own security certifications: SOC 1, SOC 2, PCI DSS, ISO 27001; Licences: 8; Facts on record for this criterion: 4 of 4. |
| Coverage | 20% | 7.0 | 1.40 | Countries: 0 documented, 160 claimed; Reach: 50% of the widest provider of this service; Facts on record for this criterion: 1 of 1. |
| Price | 20% | 8.5 | 1.70 | Price compared with 6 providers charging a percentage of payouts; 0% of them charge less; Setup fee: charged; Deposit: not disclosed; Minimum term: not disclosed; Termination fee: not disclosed; Facts on record for this criterion: 2 of 5. |
| Platform | 15% | 6.8 | 1.02 | API: yes; Integrations: 3; Self-serve sign-up: yes; Documents in the platform: not disclosed; Payout methods: bank transfer (1 more on record, not confirmed); Facts on record for this criterion: 4 of 5. |
| Support | 15% | 7.5 | 1.13 | Live support channels: email, phone and chat; Live support hours: 24/7; Dedicated manager: not stated; Stated onboarding time: not stated; Stated response target: not stated; Facts on record for this criterion: 2 of 5. |
| Our score | 8.2 |
Key facts
As the provider states them.
- Founded
- 2011
- Headquarters
- London, United Kingdom
- Reach
- Global
- Support
- email, phone, chat[6]
- Integrations
- 3
Countries covered
Claimed is the provider’s own count. Documented countries are the ones with evidence from a company register or the provider’s own site; countries we list without evidence are not counted.
Contractor payouts
Claimed: 160 countries · Documented: None documented
Who it fits
- Hiring patterns
- Mostly contractors
- Segments it names
- Small businesses, startups and freelancers (Wise Business solutions); businesses paying employees, consultants and freelancers in bulk (BatchTransfer); customers, freelancers, employees, investors and suppliers as payout recipients
Pros and cons
Pros
- Own SOC 1 Type 2, SOC 2 Type 2, PCI-DSS and ISO/IEC 27001, listed on wise.com/us/safety-and-security; SOC reports sit behind an NDA
- A public Business Customer Agreement, with Wise US Inc. for US customers and Wise Payments Limited for UK ones
- Eight of its licences with named regulators, among them the UK FCA, FinCEN, the National Bank of Belgium and MAS
- Sending from 0.23% on the US pricing page ('Sending money Fee varies by currency From 0.23%'), below the 6 other percentage-of-payout prices in our comparison. The fixed part is a one-time set-up fee ('All in for 31 USD Get every Wise Business feature for one set-up fee'); the page lists no fixed fee per transfer for sending
- BatchTransfer sends up to 1,000 payments in one transfer, by API or file upload; recipients need no Wise account
- Support by email, phone and chat, 24/7 in English; 14 other languages are supported with different availability
Cons
- Payout coverage is a claim: 160+ countries on one page, 70+ in local currency on another, and no Wise Business page lists destinations
- The contracting Wise entity depends on the customer's country and payout currency: the US agreement is with Wise US Inc., the UK one with Wise Payments Limited, and the UK agreement says a payment in a currency other than GBP may be with a different Wise entity
- Fee varies by currency, so 0.23% is a starting point; the UK page gives 0.24% and a 50 GBP set-up fee, and BatchTransfer has no tariff of its own
- Nothing on a deposit, a minimum term or a termination charge
- Three accounting integrations are named (Xero, QuickBooks, FreeAgent); the page gives no total
- The pages say nothing on contracts or closing documents for contractors, and the customer agreement does not name BatchTransfer
- No dedicated manager, onboarding time or support response target is stated; a page footnote says 24/7 support is in English and other languages vary
Reviews in brief
AI summary
Written by an AI model from the data on our pages on 16 Oct 2026. Not a recommendation, not our score, and not a quote from any assistant.
What does the data show about Wise as a contractor payout service?
AI
Wise's US pricing page lists sending from 0.23% plus a one-time 31 USD set-up fee. BatchTransfer pays up to 1,000 recipients in one transfer, by API or file upload. Wise holds its own SOC 1 Type 2, SOC 2 Type 2, PCI-DSS and ISO/IEC 27001, and its pages say support is 24/7 in English.
What the data does not show
We document no destination countries; 160+ is Wise's claim. Fees vary by currency, no per-transfer fixed fee is listed for sending, and no response target is stated.
What are Wise's main drawbacks?
AI
Coverage rests on a claim of 160+ countries, while the UK payouts page says 70+ in local currency. BatchTransfer has no tariff of its own. Wise states no deposit, minimum term or termination charge. Only three accounting integrations are named, and no dedicated manager is stated.
What the data does not show
Wise's pages do not show how payouts perform by country or how fast support answers. Review ratings do not feed our score.
Trust and registration
- Licences
- Electronic Money Institution, Wise Payments Limited (registration number 900507)
- FinCEN registration and state money transmitter licences, Wise US Inc. (NMLS No. 1351219)
- Payment Institution, Wise Europe SA (registered number 0713629988), passported across the EEA
- Australian Financial Services Licence No. 513764 and ADI (purchased payment facilities) authorisation, Wise Australia Pty Ltd
- Major Payment Institution, Wise Asia-Pacific Pte. Ltd.
- Money Service Business registration M15193392, Wise Payments Canada Inc.
- Money Service Operator licence 25-03-03263, Wise Payments Hong Kong Limited
- Funds Transfer Service Provider registration 00040, Wise Payments Japan K.K.
- Certifications
More alternatives to Wise
No provider here has a higher contractor payouts score from us than Wise; these follow it by our contractor payouts score. How we score
- Contractor payouts price
- Custom quote
- Contractor payouts countries 200 claimed
- Services Payouts · Contractors
- Best for
- Businesses paying large, distributed payee networks across borders, which is how Tipalti describes Mass Payments
- Not for
- Buyers who need a published per-payout or per-contractor price before contacting sales
- Top pro
- Own SOC 1 and SOC 2 attestations at Type II level, stated on Tipalti's cloud page
- Top con
- Mass Payments shows only a $249 monthly plan fee; transaction pricing is charged on top and not published, so we leave its price unranked
- G24.5/5· 416
- Capterra4.5/5· 178
Signals checked 29 Jun 2026
- Contractor payouts price from
- US$49 per contractor a month
- Contractor payouts countries 190 claimed
- Deposit None
- Services EOR · Payouts · Contractors · AOR · Payroll
- Best for
- Crypto and web3 teams paying contractors in stablecoins or crypto, a segment Rise names (startups, web3 startups, DAOs, global agencies)
- Not for
- Companies that need an EOR in countries beyond the US and the UK today
- Top pro
- Prices are published per head: $49 a contractor a month (discounts for startups and non-profits), $299 for Agent of Record, $399 an employee for EOR
- Top con
- EOR is documented in 2 countries (US, UK) against a claim of 90+. The parent, Rise Works, Inc., is on the GLEIF register; no own entity is documented in either country
- Trustpilot4.6/5· 7,623
Signals checked 29 Jun 2026
- Contractor payouts price from
- 0.25% of each payout
- Contractor payouts countries 46 claimed
- Minimum term None
- Services Payouts
- Best for
- Platforms and marketplaces that pay sellers, freelancers, creators or service providers, as Stripe describes its customers
- Not for
- Companies that want a provider to run contractor onboarding, contracts or closing documents: Stripe's pages describe a payment flow, not those
- Top pro
- Fee schedule published: 0.25% + 25¢ per payout and $2 per monthly active account, plus 0.25% of payout volume for funds routing and platform management where it applies, Instant Payouts at 1% and cross-border payouts from 0.25% of payout volume
- Top con
- No country list for Connect payouts. The Connect page says Connect Onboarding supports 46+ countries and does not tie that to payouts; we document none
- G24.4/5· 1,245
- Capterra4.6/5· 3,351
Signals checked 29 Jun 2026
Questions people ask
How many countries does Wise Business pay to?
Wise Business says 'Pay teams and suppliers in 160+ countries' (wise.com/us/business/send-payments, checked 2026-10-16). Its UK payouts page says 'payouts to 70+ countries in local currency'. No Wise Business page lists destination countries, so we document none and treat 160 as the claim.
What does Wise Business charge to pay contractors?
The US pricing page lists sending money 'From 0.23%', with the fee varying by currency, and one 31 USD set-up fee that covers every Wise Business feature. Spending over 25,000 USD brings a volume discount. The UK page says from 0.24% and a 50 GBP set-up fee. BatchTransfer has no separate tariff (wise.com/us/pricing/business, checked 2026-10-16).
Can Wise pay many contractors at once?
Yes. BatchTransfer sends up to 1,000 payments in one transfer, driven by API or by file upload. Recipients are paid in their home currency to a bank account and need no Wise account (wise.com/us/business/batchtransfer, checked 2026-10-16).
Which security certifications does Wise hold?
Its safety and security page lists SOC 1 Type 2, SOC 2 Type 2, PCI-DSS and ISO/IEC 27001 as held by Wise. Business customers can sign an NDA to download the SOC 1 and SOC 2 reports. The page does not state the PCI-DSS level (wise.com/us/safety-and-security, checked 2026-10-16).
Is Wise support available around the clock?
Wise Business says 24/7 support from specialists by email, phone or chat, and the security page says teams answer 24/7 in English and 14 other languages. A footnote on the business pages says other languages have different availability. No response target is stated.
Does Wise cover employment or contractor-management services?
Not on its published pages. Wise describes payments, currency holding and an API. Its pages describe no Employer of Record, Contractor of Record, contract or payroll offer, so it sits under contractor payouts alone.
Sources
- Wise Business pricing (US), Wise · checked 16 Oct 2026
- Wise Business pricing (UK), Wise · checked 16 Oct 2026
- Wise BatchTransfer (US), Wise · checked 16 Oct 2026
- Wise batch payments (UK), Wise · checked 16 Oct 2026
- Wise Business send payments, Wise · checked 16 Oct 2026
- Wise Business, Wise · checked 16 Oct 2026
How this page is built
Last checked: 16 Oct 2026.