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Software · head to head

Wise Business vs Adyen

Wise Business logo

Wise Business

Software

The smart way to send and receive business payments

From
$29/month
Rated
-
Full reviewWebsite
Adyen logo

Adyen

Software

The payments platform built for growth

From
$29/month
Rated
-
Full reviewWebsite

The short version

  • Each has a real cost: Wise Business opening a Wise Business account in the UK carries a one off setup fee of 50 GBP; Adyen there is a minimum monthly invoice, set by industry and business model and only disclosed through the sales team, so small volumes are not economic
  • They diverge on capability: Wise Business covers Multi-currency accounts, Adyen covers Payment processing.

Where they differ

Only the attributes on which Wise Business and Adyen actually diverge.

Attributes where Wise Business and Adyen differ
AttributeWise BusinessAdyen
PlatformsWeb, Ios, Android, ApiWeb, Api, Pos
Founded20112006

Identical on both: starting price ($29/month), pricing model (usage-based), free tier (No), user rating (Not yet rated), category (Unknown).

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 Wise Business

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

Only in Adyen

  • Payment processing
  • Risk management
  • Unified commerce
  • Issuing
  • Platform payments
  • SAP
  • Salesforce
  • Oracle

Both cover

  • Web support
  • Api support

What people use each for

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

Wise Business

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

Adyen

  • Card acquiring with interchange plus pricing for larger merchantsnot Wise Business
  • Accepting local payment methods across multiple countriesnot Wise Business
  • Settling in several currencies through linked bank accountsnot Wise Business
  • Unified online and in-person paymentsnot Wise Business

Where each one falls short

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

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

Adyen

  • There is a minimum monthly invoice, set by industry and business model and only disclosed through the sales team, so small volumes are not economic
  • Published fees are indicative rather than a rate card, with real pricing negotiated
  • Interchange++ means the card cost varies per transaction rather than being a single predictable percentage
  • Alternative payment methods carry their own rates on top, such as 3.3 percent plus $0.10 for American Express in North America

Pricing, plan by plan

Wise Business

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

Adyen

$29/month
  • CustomFree
    • Payment processing
    • Risk management
    • Unified commerce

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.
Wise Business review

Choose Adyen if

  • You need payment processing.
  • You work on Web, Api, Pos.
  • You also want risk management.
Adyen review

Questions people ask

Is Wise Business or Adyen better?
Neither clearly leads. Wise Business starts at $29/month and Adyen at $29/month, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Wise Business or Adyen?
Wise Business starts at $29/month and Adyen at $29/month.
Does Wise Business or Adyen run on more platforms?
Wise Business runs on Web, Ios, Android, Api. Adyen runs on Web, Api, Pos.
What is Wise Business best used for?
Wise Business is most often used for holding and converting multiple currencies as a business, paying international suppliers and contractors at the mid market rate, receiving payments into local currency account details in several countries. Of those, holding and converting multiple currencies as a business and paying international suppliers and contractors at the mid market rate are not what Adyen is typically brought in for.
What can Wise Business do that Adyen cannot?
Wise Business covers Multi-currency accounts, International transfers, Batch payments, API access. Adyen covers Payment processing, Risk management, Unified commerce, Issuing. Both handle Web support, Api support.
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