I’m freelancing full-time now, mostly with international clients, and I’m trying to streamline how I receive payments. I heard Wise is great for lower fees, but I’m not sure which type of Wise account to set up — personal or business? Anyone here using Wise for client payments?
Answer by: abdullah-al-naim
2 weeks ago
You should go for a Wise business account. The Wise Business account offers a cost-efficient solution for making business payments and receiving payments from foreign countries in various currencies. You will get physical and virtual card-issuing features in your Business Wise account. However, there’s an activation and conversion fee. And you must form a company to get a Wise business account. Business Globalizer can help you to form a company. Please, feel free to contact us.
Note
You can select a Wise business or a Personal account as a freelancer. Both alternatives provide the convenience of receiving payments from clients in multiple currencies via your Wise local account information. However, a Wise business account might prove beneficial if you also want to take advantage of additional features such as Xero and QuickBooks integrations. It will even give you Multi-user access controls, more currency options, the opening of an API (Application Programming Interface), etc.
However, the Wise business account has an activation and conversion fee. And you must form a company to get a Wise business account. Business Globalizer can help you form a company and get a Wise business account. Feel free to contact our expert consultants.
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