Paysend vs Wise
Paysend
paysend.com
Wise
wise.comSide by side
| Figure | Paysend | Wise |
|---|---|---|
| Price from | — | Free |
| Free plan | — | Yes |
| Free trial | — | — |
| Open source | — | — |
| Web | Yes | Yes |
| iOS | Yes | Yes |
| Android | Yes | Yes |
| API | Yes | — |
| Plans published | 3 | 1 |
| Spec score · Money Transfer Apps | 8.8 (#10) | 8.9 (#5) |
| Spec score · Peer-to-Peer Payment Apps | 8.5 (#7) | 8.1 (#13) |
| Spec score · Digital Wallet Apps | 8.2 (#16) | 8.0 (#24) |
| Upfront fee display | Yes | Yes |
| Founded | LinkedIn lists the company as founded in 2017. | 2011 |
| Headquarters | Edinburgh, Scotland, United Kingdom | London, United Kingdom |
| Mobile platforms | both | The Wise app is available for iOS through the Apple App Store and for Android through Google Play. |
| Payment methods | The iOS listing says users can fund transfers by debit card, credit card, bank transfer or Apple Pay. | The app says users can fund transfers with Apple Pay, Google Pay, a debit or credit card, or a bank transfer. |
| Security | Paysend’s security article says transfers follow Visa, Mastercard, China UnionPay, FCA, and PCI DSS standards. | Wise says it safeguards customer money separately from its own and uses two-step authentication to protect accounts and transactions. |
| Transfer speed | instant | On many popular routes, transfers can arrive within one day, the same day, or instantly. |
| Transfer tracking | Customers can track transfers, and the app provides notifications when money arrives. | The app shows the list and current status of transfers users have set up. |
Plans
Paysend
- Personal international transfer$1.99, paid once
- Enterprise Payout APIPriced on request
- International money transfersPrice not published
In their own words
Wise
Wise is a money app for sending money, receiving payments from abroad, checking exchange rates, paying bills, and sending money to loved ones. It sends to bank accounts in over 140 countries; delivery on many popular routes is within a day, the same day, or instant. Wise says it uses the mid-market exchange rate and displays fees before payment. Signing up is free, with no subscription; sending and conversion fees vary by currency and start from 0.33%. Sending to another Wise account has no sending fee, though conversion fees may still apply. Transfers can be funded with Apple Pay, Google Pay, cards, or bank transfer. Users can track and schedule transfers, repeat previous transfers, and receive live exchange-rate notifications. Wise says it safeguards customer money separately from its own and uses two-factor authentication to protect accounts and transactions. Photo ID may be required for some currencies or large transfers. The app is available on Android, iOS, and web.