All industries · head to head
Gusto vs Wise Business

Wise Business
Accounting & Finance
The smart way to send and receive business payments
- From
- $29/month
- Rated
- -
The short version
- Each has a real cost: Gusto customer service can be slow and unresponsive to issues; Wise Business opening a Wise Business account in the UK carries a one off setup fee of 50 GBP
- They diverge on capability: Gusto covers Automated payroll, Wise Business covers Multi-currency accounts.
Where they differ
Only the attributes on which Gusto and Wise Business actually diverge.
| Attribute | Gusto | Wise Business |
|---|---|---|
| Starting price | $49/month | $29/month |
| Pricing model | Unknown | usage-based |
| Platforms | Web | Web, Ios, Android, Api |
| Category | All industries | Accounting & Finance |
Identical on both: free tier (No), user rating (Not yet rated), founded (2011).
What each one covers
Drawn from each product's published feature list. An absence here means we hold no record of it - not that the product lacks it.
Only in Gusto
- Automated payroll
- Tax filing
- Benefits administration
- Time tracking
- Employee onboarding
- HR compliance
- Workers' comp
- 401(k) management
Only in Wise Business
- Multi-currency accounts
- International transfers
- Batch payments
- API access
- Team management
- Various
- FCA regulated
- Bank-level security
Both cover
- QuickBooks
- Xero
What people use each for
The jobs each tool is most often brought in to do.
Gusto
- Payroll processingnot Wise Business
- Benefits administrationnot Wise Business
- Tax compliancenot Wise Business
- Employee onboardingnot Wise Business
- Time trackingnot Wise Business
Wise Business
- Holding and converting multiple currencies as a businessnot Gusto
- Paying international suppliers and contractors at the mid market ratenot Gusto
- Receiving payments into local currency account details in several countriesnot Gusto
Where each one falls short
Documented limitations, not opinions. Every one is a constraint you would hit in normal use.
Gusto
- Customer service can be slow and unresponsive to issues
- Weak reporting capabilities, cannot export data to spreadsheets for analysis
- Support staff lacks deep payroll expertise and knowledge
- Rehired employees do not have settings reset, causing manual cleanup work
- City tax handling requires additional monitoring and monitoring
- Onboarding can have issues with bank account verification and tax registration
Wise Business
- Opening a Wise Business account in the UK carries a one off setup fee of 50 GBP
- Volume discounts on transfers start only above 20,000 GBP equivalent sent per month
Pricing, plan by plan
Gusto
$49/monthNo published plan breakdown. See the Gusto review.
Wise Business
$29/month- StandardFree
- Multi-currency account
- Real exchange rate
- Batch payments
Which should you pick?
Choose Wise Business if
- You need multi-currency accounts.
- You work on Web, Ios, Android, Api.
- You also want international transfers.
Questions people ask
- Is Gusto or Wise Business better?
- Neither clearly leads. Gusto starts at $49/month and Wise Business at $29/month, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
- Which is cheaper, Gusto or Wise Business?
- Gusto starts at $49/month and Wise Business at $29/month.
- Does Gusto or Wise Business run on more platforms?
- Gusto runs on Web. Wise Business runs on Web, Ios, Android, Api.
- What is Gusto best used for?
- Gusto is most often used for payroll processing, benefits administration, tax compliance, employee onboarding. Of those, payroll processing and benefits administration are not what Wise Business is typically brought in for.
- What can Gusto do that Wise Business cannot?
- Gusto covers Automated payroll, Tax filing, Benefits administration, Time tracking. Wise Business covers Multi-currency accounts, International transfers, Batch payments, API access. Both handle QuickBooks, Xero.
Answered from the vendors’ own pages
Gusto: What is Gusto's starting price?
Gusto starts at $49 per month plus $6 per person. The company also offers a Contractor-only plan for $35 per month plus $6 per contractor.
SourceGusto: Does Gusto include unlimited payroll runs?
Yes, all Gusto plans include unlimited payroll runs at no extra charge, including off-cycle payrolls.
SourceGusto: What core features are included in Gusto?
All plans include payroll processing, tax administration, digital onboarding, benefits enrollment, time tracking, performance management, and next-day direct deposit for most plans.
SourceGusto: Does Gusto support integrations?
Yes, Gusto integrates with accounting software, applicant tracking systems, benefits providers, time-tracking tools, and other business platforms to reduce data entry.
SourceRelated pages
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