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Wise VS Ruby on Rails

Compare Wise VS Ruby on Rails and see what are their differences

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Contents:
  1. » Base Details
  2. » Videos
  3. » Reviews
  4. » Alternatives

Wise logo Wise

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

Ruby on Rails logo Ruby on Rails

Ruby on Rails is an open source full-stack web application framework for the Ruby programming...
  • Wise Landing page
    Landing page //
    2023-09-02
  • Ruby on Rails Landing page
    Landing page //
    2023-10-23

We recommend LibHunt Ruby for discovery and comparisons of trending Ruby projects. Also, to find more open-source ruby alternatives, you can check out libhunt.com/r/rails

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.

Ruby on Rails features and specs

  • Rapid Development
    Ruby on Rails uses conventions over configurations which allows developers to build applications quickly. It comes with a wealth of built-in tools and libraries that streamline the development process.
  • Community Support
    Rails has a vibrant and active community. This means a lot of third-party libraries (gems) are available, and you can easily find help and resources.
  • Convention over Configuration
    Rails emphasizes convention over configuration, which reduces the number of decisions developers need to make. This can increase productivity and consistency across projects.
  • Built-in Testing
    Rails comes with a strong built-in testing framework, making it easier to test your application and ensure that it works as expected.
  • Scalability Options
    Although it has a reputation for not being the most scalable framework, Rails can be made scalable with good architecture and the right tools.
  • RESTful Design
    Rails promotes RESTful application design, which means that it aligns well with best practices in web development and makes it easier to build APIs.

Possible disadvantages of Ruby on Rails

  • Performance
    Ruby on Rails can be slower than some other frameworks, particularly for applications that require a lot of computation or have high traffic.
  • Learning Curve
    While Rails makes many things easier with its conventions, this can create a steep learning curve for newcomers who need to understand the 'Rails way' of doing things.
  • Scalability Concerns
    Due to its monolithic nature, scaling Rails can be challenging, requiring significant architectural changes and optimizations.
  • Lesser Flexibility
    The conventions that make Rails easy to use can also be limiting. When you need to do something outside the typical Rails flow, it may be harder to implement.
  • Runtime Speed
    Ruby, the language that Rails is built on, is generally slower in terms of execution speed compared to other languages like Java or C++.
  • Memory Consumption
    Rails applications can consume a lot of memory, which can be a concern for large-scale applications or those with limited resources.

Wise videos

+ Add

TransferWise Review - 3 Must Knows (2020)

More videos:

  • Review - TransferWise in detail
  • Review - Transferwise Review

Ruby on Rails videos

+ Add

Ruby On Rails Biggest Waste Of Time In 2020 | Ruby on Rails Dead

More videos:

  • Tutorial - Ruby on Rails Tutorial | Build a Book Review App - Part 1

Category Popularity

0-100% (relative to Wise and Ruby on Rails)

Wise

Ruby on Rails

Online Payments
100 100%
Online Payments
0% 0
Developer Tools
0 0%
Developer Tools
100% 100
Money Transfer
100 100%
Money Transfer
0% 0
Web Frameworks
0 0%
Web Frameworks
100% 100

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 Ruby on Rails

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

Ruby on Rails Reviews

  1. Stan
    · Founder at SaaSHub ·
    The most productive web framework

    Yes, there are other more trending frameworks; however, nothing reaches the productivity of Rails. It's simply unbeatable if you have a small team.

    For example both SaaSHub and LibHunt were built on Rails.

    🏁 Competitors: Django, Laravel
Top 9 best Frameworks for web development
The best frameworks for web development include React, Angular, Vue.js, Django, Spring, Laravel, Ruby on Rails, Flask and Express.js. Each of these frameworks has its own advantages and distinctive features, so it is important to choose the framework that best suits the needs of your project.
Source: www.kiwop.com
Top 5 Laravel Alternatives
In terms of documentation, guidelines, and libraries, Ruby on Rails is the superior framework for smaller applications. Since it entered the online scene before Laravel, its community is larger and more well-liked among programmers. When compared to other Laravel alternatives, Ruby’s code is much simpler to understand and write.
Source: www.etatvasoft.com
Top 10 Phoenix Framework Alternatives
While modern frameworks try to minimize the tradeoffs to a limited extent, none of them has come closer to the implementation of the Phoenix Framework, which offers Ruby on Rails levels of productivity while being one of the fastest frameworks available in the market.
Source: blog.back4app.com
10 Ruby on Rails Alternatives For Web Development in 2022
Once a prolific web development technology, in 2021, both Ruby and Ruby on Rails are considered dying technologies. The data speaks for itself. In October 2021, Ruby lost 3 ranks in the Tiobe Index compared to October 2020 and became the 16th most searched programming language. The same decline in Ruby on Rails popularity is demonstrated by Google Trends. The language...
Source: www.ideamotive.co
Get Over Ruby on Rails — 3 Alternative Web Frameworks Worth Checking Out
Disclaimer: I started working on this article before the big controversy about Basecamp happened. I don’t want to make any point about this in the article. Regardless of what DHH and others are saying on different topics, Ruby on Rails is still a great piece of software and will continue to be. But there are some great alternatives as well that I would like to highlight.
Source: betterprogramming.pub

Social recommendations and mentions

Based on our record, Ruby on Rails should be more popular than Wise. It has been mentiond 142 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: almost 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: almost 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: about 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: over 2 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: over 2 years ago
View more

Ruby on Rails mentions (142)

  • Unlocking Opportunities: How to Thrive as a Ruby Engineer in Today's Tech Landscape
    Ruby on Rails open source projects. Contribute and learn at the same time. - Source: dev.to / 17 days ago
  • Open Source: A Goldmine for Indie Hackers
    Speed of Development: Frameworks such as Django or Rails accelerate the development process. - Source: dev.to / 18 days ago
  • Indie Hacking with Open Source Tools: Innovating on a Budget
    This ecosystem is fueled by repositories hosting powerful languages, functions, and versatile tools—from backend frameworks like Django and Ruby on Rails to containerization with Docker and distributed version control via Git. Moreover, indie hackers can also utilize open source design tools (e.g. GIMP, Inkscape) and analytics platforms such as Matomo. - Source: dev.to / 20 days ago
  • Charybdis ORM: Building High-Performance Distributed Rust Backends with ScyllaDB
    Ruby on Rails (RoR) is one of the most renowned web frameworks. When combined with SQL databases, RoR transforms into a powerhouse for developing back-end (or even full-stack) applications. It resolves numerous issues out of the box, sometimes without developers even realizing it. For example, with the right callbacks, complex business logic for a single API action is automatically wrapped within a transaction,... - Source: dev.to / 29 days ago
  • Ask HN: What's the ideal stack for a solo dev in 2025
    As it's just you I'd stick with Ruby on Rails 8[1] as you already know it and I think it could realistically easily achieve what you're proposing. There's lots of libraries to for calling out external AI services. e.g. Something like FastMCP[2] From the sound of it that's all you need. I'd use Hotwire[3] for the frontend and Hotwire Native if you want to rollout an app version quickly. I'd back it with... - Source: Hacker News / about 2 months ago
View more

What are some alternatives?

When comparing Wise and Ruby on Rails, 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.

Django - The Web framework for perfectionists with deadlines

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

Laravel - A PHP Framework For Web Artisans

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

ASP.NET - ASP.NET is a free web framework for building great Web sites and Web applications using HTML, CSS and JavaScript.

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