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E-Commerce · head to head

Squarespace Commerce vs Wise Business

Squarespace Commerce logo

Squarespace Commerce

E-Commerce

All-in-one website builder and ecommerce platform

From
On request
Rated
-
Full reviewWebsite
Wise Business logo

Wise Business

Accounting

The smart way to send and receive business payments

From
$29/month
Rated
-
Full reviewWebsite

The short version

  • Each has a real cost: Squarespace Commerce the entry plan charges a 2% transaction fee on online store sales on top of payment processing; Wise Business opening a Wise Business account in the UK carries a one off setup fee of 50 GBP
  • They diverge on capability: Squarespace Commerce covers Website builder, Wise Business covers Multi-currency accounts.

Where they differ

Only the attributes on which Squarespace Commerce and Wise Business actually diverge.

Attributes where Squarespace Commerce and Wise Business differ
AttributeSquarespace CommerceWise Business
Starting priceOn request$29/month
Pricing modelsubscriptionusage-based
PlatformsWebWeb, Ios, Android, Api
CategoryE-CommerceAccounting
Founded20032011

Identical on both: free tier (No), user rating (Not yet rated).

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 Squarespace Commerce

  • Website builder
  • Ecommerce platform
  • Mobile optimization
  • Email marketing
  • Analytics
  • Domain registration
  • SSL certificate
  • Customer accounts

Only in Wise Business

  • Multi-currency accounts
  • International transfers
  • Batch payments
  • API access
  • Team management
  • Xero
  • QuickBooks
  • Various

What people use each for

The jobs each tool is most often brought in to do.

Squarespace Commerce

  • Website building and hostingnot Wise Business
  • eCommerce and online store managementnot Wise Business
  • Digital content and membership salesnot Wise Business
  • Service booking and schedulingnot Wise Business

Wise Business

  • Holding and converting multiple currencies as a businessnot Squarespace Commerce
  • Paying international suppliers and contractors at the mid market ratenot Squarespace Commerce
  • Receiving payments into local currency account details in several countriesnot Squarespace Commerce

Where each one falls short

Documented limitations, not opinions. Every one is a constraint you would hit in normal use.

Squarespace Commerce

  • The entry plan charges a 2% transaction fee on online store sales on top of payment processing
  • Digital content and membership sales carry their own fee, up to 7% on the lowest tier
  • The entry plan is limited to 2 contributors
  • Reaching a 0% transaction fee requires moving up from the entry plan

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

Squarespace Commerce

On request
  • Basic Plan$null/month
    • Designer templates included
    • Drag-and-drop editor
    • Free custom domain (annual plans only)
  • Standard Plan$null/month
    • All Basic features
    • Transaction fees: reduced rates
    • Gift cards and invoicing
  • Advanced Plan$null/month
    • All Standard features
    • Further reduced transaction fees
    • Point-of-sale capability
  • Premium Plan$null/month
    • All Advanced features
    • Lowest credit card processing rates (0% transaction fees for digital/memberships)
    • Dedicated Customer Success Manager

Wise Business

$29/month
  • StandardFree
    • Multi-currency account
    • Real exchange rate
    • Batch payments

Which should you pick?

Choose Squarespace Commerce if

  • You need website builder.
  • You also want ecommerce platform.
Squarespace Commerce review

Choose Wise Business if

  • You need multi-currency accounts.
  • You work on Web, Ios, Android, Api.
  • You also want international transfers.
Wise Business review

Questions people ask

Is Squarespace Commerce or Wise Business better?
Neither clearly leads. Squarespace Commerce starts at On request and Wise Business at $29/month, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Squarespace Commerce or Wise Business?
Squarespace Commerce starts at On request and Wise Business at $29/month.
Does Squarespace Commerce or Wise Business run on more platforms?
Squarespace Commerce runs on Web. Wise Business runs on Web, Ios, Android, Api.
What is Squarespace Commerce best used for?
Squarespace Commerce is most often used for website building and hosting, ecommerce and online store management, digital content and membership sales, service booking and scheduling. Of those, website building and hosting and ecommerce and online store management are not what Wise Business is typically brought in for.
What can Squarespace Commerce do that Wise Business cannot?
Squarespace Commerce covers Website builder, Ecommerce platform, Mobile optimization, Email marketing. Wise Business covers Multi-currency accounts, International transfers, Batch payments, API access.

Answered from the vendors’ own pages

Squarespace Commerce: How much does Squarespace cost?

Squarespace does not publish specific plan prices on their pricing page. Four tiers (Basic, Standard, Advanced, Premium) are listed with descriptions of features and benefits. Annual subscriptions offer up to 36% savings compared to monthly billing.

Source
Wise Business: How fast are international transfers with Wise Business?

Wise Business offers fast global payments with 70% arriving in 20 seconds and 95% arriving in under 24 hours. You can also pay up to 1,000 contacts in a single batch transfer.

Source
Squarespace Commerce: Does Squarespace offer a free trial?

Yes, Squarespace provides a 14-day free trial with no credit card required. You can upgrade to a paid plan at any time during or after your trial, and there are no long-term contracts required.

Source
Wise Business: Does Wise Business offer volume discounts?

Yes, volume discounts are available on monthly transfers over 20,000 GBP or equivalent.

Source
Squarespace Commerce: What are Squarespace's transaction fees?

Transaction fees start at 2% on the Basic plan and decrease as you upgrade, reaching 0% for digital content and memberships on the Premium tier. Card processing rates also decrease by tier, reaching the lowest rates on Premium.

Source
Wise Business: How does Wise Business keep funds secure?

Wise customers move over AED60 billion monthly with systems built to keep funds safe. The company runs over 7 million daily fraud checks (80 per second), keeps funds diversified with secure financial institutions, and offers 24/7 customer support.

Source
Squarespace Commerce: How many AI credits does each Squarespace plan include?

AI credits range from 10 to 120 monthly depending on the plan tier, but specific allocations per plan are not detailed on the public pricing page.

Source
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