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Wise VS Adyen

Compare Wise VS Adyen and see what are their differences

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Wise logo Wise

Currency exchange Banks and other providers could charge you up to 5% in hidden costs when sending ...

Adyen logo Adyen

One integration allows businesses to accept 250 payment methods, from wherever people pay
  • Wise Landing page
    Landing page //
    2023-09-02
  • Adyen Landing page
    Landing page //
    2023-03-16

Wise features and specs

  • Low Fees
    Wise offers competitive and transparent fees compared to traditional banks and many other money transfer services.
  • Real Exchange Rates
    Wise uses the mid-market exchange rate, meaning users get the real exchange rate without any hidden markups.
  • Fast Transfers
    Many transfers through Wise are processed quickly, often within a few hours or a day, depending on the destination country and payment method.
  • Multi-Currency Accounts
    Users can hold and manage money in multiple currencies with Wise's Borderless Account, making it easier for those who deal with international payments regularly.
  • Transparent Pricing
    Wise is upfront about their fees and the total cost of a transfer, so users know exactly how much they'll pay and how much the recipient will receive.
  • User-Friendly Interface
    Wise offers a clean and intuitive application and web interface, making it easy for users to navigate and complete transactions.

Possible disadvantages of Wise

  • Limited Customer Support
    Wise's customer support is primarily online, and some users report difficulties in reaching live assistance or having slow response times.
  • Transfer Limits
    There are limits on how much money can be transferred in a single transaction or over a period of time, which might be restrictive for some users.
  • Lack of Physical Locations
    Unlike traditional banks, Wise doesn't have physical branches, which can be an inconvenience for those who prefer in-person banking services.
  • Verification Process
    New users or those making large transfers may have to go through a lengthy verification process, which can delay the initial transaction.
  • Not Available in All Countries
    Wise does not operate in every country, limiting its accessibility for some users looking to send or receive international payments.
  • Occasional Delays
    While generally fast, some transfers may experience delays due to various factors, such as banking hours, holiday schedules, or compliance checks.

Adyen features and specs

  • Global Reach
    Adyen supports businesses in multiple countries and currencies, which is ideal for global operations.
  • Unified Platform
    It offers a single platform for processing online, in-store, and mobile payments, streamlining operations.
  • Comprehensive Payment Methods
    Supports a wide variety of payment methods including credit cards, bank transfers, and digital wallets.
  • Advanced Fraud Protection
    Provides robust fraud detection and prevention tools to safeguard transactions.
  • Seamless Integration
    Offers easy integration with popular e-commerce platforms, custom APIs, and point-of-sale systems.
  • Detailed Reporting
    Provides in-depth reporting and analytics tools to help businesses understand and manage payments.

Possible disadvantages of Adyen

  • Complex Pricing
    Adyen’s pricing model can be complex and may not be as straightforward as other payment processors.
  • High Minimums
    May require high minimum monthly transaction volumes, making it less suitable for smaller businesses.
  • Limited Customer Support
    Customer support hours and response times can be less adequate compared to some competitors.
  • Steeper Learning Curve
    The comprehensive features and advanced tools may result in a steeper learning curve for new users.

Analysis of Wise

Overall verdict

  • Overall, Wise is highly regarded as one of the top options for international money transfers. It is praised for its transparency, cost-effectiveness, and ease of use, making it a preferred choice for many users.

Why this product is good

  • Wise is considered a reliable and efficient service for international money transfers due to its transparent fee structure and competitive exchange rates. The platform uses a mid-market exchange rate with no hidden fees, making it a popular choice for individuals and businesses looking to transfer money across borders. Additionally, Wise is known for its user-friendly interface and fast transfer speeds.

Recommended for

  • Individuals needing to send money abroad frequently.
  • Expats living in foreign countries who need to transfer money to home accounts.
  • Freelancers and remote workers receiving payments from international clients.
  • Businesses conducting international transactions.

Analysis of Adyen

Overall verdict

  • Adyen is considered a good choice for businesses seeking a comprehensive, scalable, and secure payment solution. Its reputation is anchored in its ability to handle a wide range of payment methods and currencies, making it particularly suitable for businesses with international operations.

Why this product is good

  • Adyen is a well-regarded payment platform known for its robust global payment processing capabilities. It provides services to numerous high-profile clients, ensuring reliable and secure transactions. The platform is praised for its seamless integration, comprehensive payment options, and advanced fraud management features. It also offers detailed analytics and reporting tools, which assist businesses in optimizing their payment processes.

Recommended for

    Adyen is recommended for large enterprises and businesses with complex payment needs. It is particularly beneficial for those looking to expand internationally due to its extensive geographical coverage and capability to process multiple currencies. E-commerce platforms, retail businesses, and any organization requiring efficient and customizable payment processing solutions may find significant value in Adyen's offerings.

Wise videos

+ Add

TransferWise Review - 3 Must Knows (2020)

More videos:

  • Review - TransferWise in detail
  • Review - Transferwise Review

Adyen videos

+ Add

Overview of PayPal, Stripe, and Adyen Payment Technology Companies

More videos:

  • Review - Everything Wrong with Adyen for eBay (and everything good about it)!
  • Review - Adyen: Payments as a catalyst for Digital Transformation

Category Popularity

0-100% (relative to Wise and Adyen)

Wise

Adyen

Online Payments
92 92%
Online Payments
8% 8
Money Transfer
100 100%
Money Transfer
0% 0
Payment Platform
82 82%
Payment Platform
18% 18
Billing & Invoicing
100 100%
Billing & Invoicing
0% 0

User comments

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Reviews

These are some of the external sources and on-site user reviews we've used to compare Wise and Adyen

Wise Reviews

6 Cheaper Payoneer Alternatives for Your Online Transcations
Wise is a well-known alternative to traditional banking and offers competitive rates for international money transfers. It operates on a peer-to-peer system, ensuring low fees by matching individuals who want to exchange currency in different countries.
Source: www.withparallax.com
Top 5 Payoneer Alternatives [2024]
Wise offers fast, convenient transfers with transparent fees based on mid-market exchange rates, as well as a multi-currency account for both individual and business customers. While Wise offers several tools for business customers, such as expense cards, it is not as extensive as those offered by Payoneer. On the other hand, Payoneer’s fee structure is only transparent on...
Source: www.exiap.com
Top 5 Payoneer Alternatives for Seamless Online Transactions
Both offer global transactions, but Wise shines with competitive exchange rates and transparent fees, while Payoneer focuses on receiving payments with features like virtual cards. Choose Wise for cost-effectiveness, Payoneer for easy receiving.
Source: www.doola.com
Best money transfer apps of 2021
TransferWise does also offer Business pricing, which adds in extra features that are free, including the ability to receive money in EUR, USD, GBP, PLN, AUD and NZD currencies without charge. However, this comes with a 0.33%-3.56% fee to convert currencies. The supporting TransferWise debit Mastercard comes free too, with the same currency conversion fee of 0.33%-3.56% plus...
Source: www.techradar.com
Top 7 Wise Alternatives
Wise’s Multi Currency Account (review) and associated Wise card (review) (which works great as a travel money card) are especially useful to expats who need banking features in a new country to pay rent, buy groceries, or receive money like a local (Wise offers international bank details in 10 currencies).
Source: transumo.com

Adyen Reviews

Best payment gateway: Top 7 best payment gateways
Adyen is a popular option for doing business on an international scale. Adyen comes with no set up or monthly fees, and you can choose when and in which currency you want to settle.
Source: wise.com

Social recommendations and mentions

Based on our record, Wise seems to be more popular. It has been mentiond 24 times since March 2021. We are tracking product recommendations and mentions on various public social media platforms and blogs. They can help you identify which product is more popular and what people think of it.

Wise mentions (24)

  • Which bank in vietnam have the lowest fee for overseas remittance?
    I don't think you need to be a holder of both. I put my mom on my Wells Fargo account and she sent to my account. There is also https://wise.com/us/ . This one I have used to send to someones account in Vietnam. It does have slightly higher fee. But it goes straight into their account. From Wells Fargo I would have to go and get USD then exchange it to Vietnamese currency. Source: about 2 years ago
  • We are happy to welcome you to Auction 88 — Coins of The World.
    They invoice in Euros (Czech Republic) so also be aware of fees on payments. I've successfully used TransferWise (https://wise.com/us/). Source: over 2 years ago
  • Recommend me a first credit card with 0 foreign tx fee
    It's not a credit card. It's just a way to convert currency w/o a fee. https://wise.com/us/. Source: over 2 years ago
  • Renting an apartment without a US Bank account?
    Get a Wise account. Open one in your local currency, and one in US currency. I was doing that for the first few months. Source: almost 3 years ago
  • My New Client Is Asking Me For My Bank Info
    I’ve used Wise for bank payments from international clients before: https://wise.com/us/ that way you’re not giving them your actual bank info but the process is similar on the client’s end. Source: almost 3 years ago
View more

Adyen mentions (0)

We have not tracked any mentions of Adyen yet. Tracking of Adyen recommendations started around Mar 2021.

What are some alternatives?

When comparing Wise and Adyen, you can also consider the following products

Bill.com - Your financial operations platform. The intelligent way to create and pay bills, send invoices, manage expenses, control budgets, and access the credit your business needs to grow—all on one platform.

Stripe - Online payment processing for internet businesses. Stripe is a suite of payment APIs that powers commerce for online businesses of all sizes. Use Stripe’s payment platform to accept and process payments online for easy-to-use commerce solutions.

Zoho Invoice - 100% free online invoicing software for small businesses.

PayPal - PayPal is the faster, safer way to pay online without sharing financial details, send and receive money or accept credit and debit cards as a seller

The Invoice Machine - The Invoice Machine is an online invoicing service with a simple and elegant user interface.

PayPal Braintree - An all-in-one solution to accept, process, and split payments in your mobile app or online - from small business to large enterprise.

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