Helps growing employers manage payroll, leave, and HR admin with a modern self-serve platform.
PayFit (Payroll & contractor payment, founded 2015 in FR) is built for smbs and hr teams in europe. This page covers the fee structure, country availability, and how it compares to the alternatives UK/CA/AU freelancers already use.
Quick Verdict
Best for: SMBs and HR teams in Europe
Tagline: Payroll and HR software for small and medium businesses
Visit PayFit →Key Facts
| Category | Payroll & contractor payment |
| FX fee | N/A |
| Free account | No (paid tiers only) |
| HQ | FR |
| Founded | 2015 |
| Website | payfit.com |
Who PayFit Is For
Helps growing employers manage payroll, leave, and HR admin with a modern self-serve platform. It's most relevant for smbs and hr teams in europe — and the FX/feature mix tends to suit users who already lean toward payroll workflows rather than generic personal banking.
Fees & Pricing
PayFit publishes its current pricing on payfit.com. The published FX figure is N/A above the mid-market rate. Two caveats:
- Card spend vs receive vs send — most platforms publish a "headline" FX that only applies to one flow. Always cross-check the actual rate against a Wise/Revolut quote on the day you transact.
- Plan tier matters — free tiers usually carry the highest spread; paid plans often reduce it materially. The "is it cheaper than Wise?" answer almost always depends on which tier you're on.
Cross-check before you commit: Run a single test transaction in the corridor you actually use and compare the all-in landed amount against the same trade on Wise. Published rate cards rarely capture the full cost.
Country Availability
PayFit is headquartered in FR. Availability for UK, Canada and Australia freelancers depends on which entity serves your country — confirm directly on payfit.com before signing up, since regulated payment platforms frequently change supported regions.
How PayFit Compares
For UK / Canada / Australia freelancers, the practical comparison set is usually:
- Wise — still the FX-cost benchmark at 0.41%. Hard to beat for receive-and-convert.
- Payoneer — the default for Upwork and Fiverr withdrawals.
- Revolut Business — strong if you also want invoicing and team cards.
- PayFit — see above.
If your work depends on Upwork/Fiverr withdrawal speed, Payoneer is likely still the simpler choice. If you bill clients directly and care about FX cost above all else, Wise usually wins. PayFit fits when its specific payroll feature set is the deciding factor — not when generic multi-currency is the only need.
How to Get Started
- Visit payfit.com and create an account.
- Complete identity verification (KYC) — typical for any regulated payroll platform.
- Add funding source or connect to the platform you'll receive payments from.
- Run a small test transaction first to verify the all-in cost matches the published rate.
Frequently Asked Questions
What is PayFit? PayFit is a Payroll & contractor payment platform. Helps growing employers manage payroll, leave, and HR admin with a modern self-serve platform.
How much does PayFit charge in FX fees? PayFit charges N/A on currency conversion based on its published pricing. Always cross-check the current rate card on payfit.com before relying on this — fintech pricing changes frequently.
Is PayFit free to use? No — the standard plan has a monthly fee. Check the current pricing page for tiers.
Who is PayFit best for? SMBs and HR teams in Europe
Is PayFit a Wise alternative? PayFit overlaps with parts of Wise's feature set, but freelancers in the UK, Canada and Australia should compare both side-by-side — Wise still leads on FX cost in most corridors (0.41%). The right pick depends on your client geography and whether you need a business account or a personal multi-currency wallet.
This review was last updated 2026-05-17. Fees and availability may change — always check PayFit's website for the latest information.
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