How much does Wise Business charge to receive Upwork or Fiverr payments?

Wise Business receives Upwork and Fiverr payments for free via your US ACH account details — add them inside the platform's withdrawal settings. The 0.41% FX fee only applies when you convert USD to GBP/EUR/AUD, not on receiving. Payoneer is still the only platform-listed partner for Upwork, but Wise via ACH costs the same to receive.

What is the Wise Business account opening fee?

The one-time account opening fee is around £45 in the UK (and varies in EUR, USD, etc.). It is paid once at signup — there is no recurring monthly fee on a Wise Business account. After that, you only pay FX and (sometimes) outgoing wire fees.

Wise Business vs Revolut Business — which is cheaper?

On FX alone, Wise (0.41%) beats Revolut Free (0% up to £1,000/mo then 0.6%) at high volumes. Revolut Business Grow (£9/mo, 0% unlimited FX) matches Wise around the $2,500/month conversion mark. Wise wins for pure receive-and-convert workflows; Revolut wins if you also want virtual cards, invoicing, and team expense management.

Is Wise Business safe and regulated?

Yes. In the UK, Wise is authorised and regulated by the Financial Conduct Authority (FCA) as an Electronic Money Institution (firm reference 900507). Customer funds are safeguarded in segregated accounts. Wise plc is listed on the London Stock Exchange (LSE: WISE).

Does Wise Business charge to send money to subcontractors?

Yes, but it is the cheapest mainstream option for international payouts. Same-currency transfers (e.g. GBP→GBP) are usually free or near-free. Cross-currency payouts cost 0.41% FX. Batch payments (CSV upload of up to 1,000 recipients) are billed at the same per-transfer rate — there is no batch surcharge.

Wise Business Fees 2026: Conversion, Withdrawal & Account Costs

Q: What are Wise Business's fees in 2026?

Wise Business charges 0.41% above the mid-market rate for currency conversion (varies slightly by route), a one-time account opening fee of around £45 in the UK, and free incoming bank transfers in 10+ currencies. There is no monthly subscription. Wire-out fees vary by destination — same-currency transfers are typically free to a few pounds.

Q: Is Wise Business worth it for a solo freelancer?

Usually not. A solo freelancer can use the free personal Wise account for receiving and converting payments at the same 0.41% rate. Wise Business is worth the £45 opening fee if you need a registered business name on invoices, batch payments to subcontractors, accounting integrations (Xero/QuickBooks/FreeAgent), or multiple team logins.

How much does Wise Business charge?

Wise Business charges 0.41% above the mid-market rate for currency conversion, a one-time ~£45 account opening fee, and no monthly subscription. Receiving in 10+ currencies is free; sending in the same currency is usually free or just a few pounds. There is no monthly minimum, no inactivity fee, and no surcharge for batch payments to subcontractors.

Last verified 14 May 2026 · Feebite Editorial · Not affiliated with Wise plc

Independent fees breakdown for Wise Business. For the official site, go to wise.com/business. This page shows the real cost UK / US / EU freelancers and agencies pay — including the cases where the free personal Wise account is enough and the £45 business fee is wasted.

In one sentence: Wise Business is the cheapest mainstream multi-currency business account at 0.41% FX, with a one-time ~£45 fee to open — worth it for agencies, batch payments and accounting integrations, but overkill for solo freelancers who can use the free personal Wise account at the same FX rate.

Open a Wise Business account →

Quick Verdict

Rating: 4.7/5 — ★★★★½

Best for: Agencies, limited companies, and freelancers paying multiple subcontractors internationally

Not ideal for: Solo freelancers — the free personal Wise account does the same job at the same 0.41% FX rate

Wise Business Fees — The Full Picture

Account & Subscription

Fee type	Amount	Notes
Account opening (one-time)	~£45	Paid once at signup; varies slightly by currency
Monthly subscription	Free	No recurring fee, ever
Account maintenance	Free	No inactivity fee
Currencies you can hold	40+	Local bank details in 10+

Currency Conversion

Conversion type	Fee	When it applies
Mid-market FX (most routes)	0.41%	When you actively convert between currencies
FX on incoming auto-convert	Same 0.41%	Only if you set auto-convert on receive
Receive in same currency	Free	USD into USD account, GBP into GBP, etc.

Receiving & Sending

Action	Fee
Receive USD via ACH (Upwork/Fiverr/clients)	Free
Receive GBP via Faster Payments	Free
Receive EUR via SEPA	Free
Receive USD via wire	$4.14
Send same currency domestic	Free–£0.50
Send cross-currency	0.41% FX
Batch payment (CSV up to 1,000)	Same per-transfer rate — no batch surcharge
Business debit card	~£3 one-time

Bottom line: On $2,000/month freelance income converted USD→GBP, Wise Business costs ~£6.56/month in FX (same as personal Wise). The only extra is the £45 opening fee — pays for itself in ~12 months vs the 2% rate inside Payoneer.

Worked Examples — Real Monthly Cost

Monthly USD income	Wise (0.41%)	Payoneer (2.0%)	PayPal (~4%)	You save vs Payoneer
$1,000/mo	£3.28	£16.00	£32.00	£153/year
$2,000/mo	£6.56	£33.20	£72.00	£320/year
$5,000/mo	£16.40	£83.00	£180.00	£800/year
$10,000/mo	£32.80	£166.00	£360.00	£1,600/year

Wise Business vs Personal Wise — Do You Need the Upgrade?

	Wise Personal (free)	Wise Business (£45 once)
FX rate	0.41%	0.41%
Multi-currency hold	✅	✅
Local bank details (USD/GBP/EUR/AUD/CAD)	✅	✅
Receive Upwork/Fiverr via ACH	✅	✅
Business name on invoices	❌	✅
Batch payments (CSV)	❌	✅
Xero / QuickBooks / FreeAgent integration	❌	✅
Team logins	❌	✅
API access	Limited	✅

Verdict: A solo freelancer earning under $5k/month with no subcontractors should stay on the personal account — same 0.41% FX, no £45 fee. Upgrade to Business once you need batch payments, a real company name on invoices, or accounting software sync.

Wise Business vs Revolut Business

	Wise Business	Revolut Business (Grow, £9/mo)
Setup fee	~£45 one-time	None
Monthly fee	None	£9
FX rate	0.41%	0% unlimited
Virtual cards	1 (extra cost)	Up to 20
Built-in invoicing	❌	✅
Multi-currency receive	✅ (10+)	✅ (28+ via IBAN)
Break-even vs Wise on FX	—	~$2,500/mo conversion

If you only need receive + convert, Wise wins below $2,500/month. If you need invoicing, team cards, or full business banking, Revolut Grow is a better all-rounder at the same effective FX cost.

Key Facts


Category	Money transfer / multi-currency business account
FX fee	🟢 0.41%
Setup fee	~£45 one-time
Monthly fee	Free
Payout speed	Same-day to instant (varies by route)
KYC level	Full (ID + proof of address + business documents)
Currencies	40+ held, 10+ local bank details
Founded	2011
HQ	London, UK
Regulation	FCA (UK), FinCEN (US), AUSTRAC (AU)

Country Availability

UK	US	Canada	Australia	EU	Singapore
✅	✅	✅	✅	✅	✅

Features

Feature
Bank transfer	✅
Card payments (accept)	❌
Crypto	❌
Virtual card	✅
Physical card	✅
Multi-currency	✅
Business account	✅
Mobile app	✅
API access	✅
Upwork integration	Via ACH (free)
Fiverr integration	Via ACH (free)
Xero / QuickBooks / FreeAgent	✅
Batch payments (CSV)	✅

Pros

Lowest mainstream FX rate at 0.41% — beats Payoneer (2%), PayPal (~4%), high-street banks (3–5%)
No monthly subscription — pay only when you transact
Real local bank details in 10+ currencies — clients pay you like a local
Free incoming wires in GBP, EUR, USD ACH, AUD, CAD
Batch payments with no per-batch surcharge — agency-friendly
Accounting integrations: Xero, QuickBooks, FreeAgent, Wave
LSE-listed, FCA-regulated, public reporting

Cons

One-time ~£45 setup fee is wasted if you're a solo freelancer who could use the free personal account
No built-in invoicing — pair with Bonsai, FreeAgent or Stripe Invoicing
Not a card payment processor — you can't charge clients' cards
Customer support is email-first; phone support is limited
No FSCS protection (e-money safeguarding instead — see "Is Wise Business safe?" below)

Who Should Use Wise Business

Perfect for: Limited companies, agencies, and freelancers who pay subcontractors internationally, need a business name on invoices, or use accounting software (Xero/QuickBooks/FreeAgent).

Skip it if: You're a solo freelancer earning under $5k/month with no subcontractors — the free personal Wise account does the same conversion at the same 0.41% rate.

Sources checked (May 2026)

Wise Business pricing — FX rate, account opening fee, send/receive
Wise Business help — Account opening fees by country — one-time setup cost
Wise plc Investor Relations — public financials, LSE listing
FCA Financial Services Register — Wise Payments Limited (firm 900507) — UK regulatory status
Upwork — adding a local US bank account — how to receive Upwork via Wise ACH for free
Editorial review re-verified 2026-05-14. Pricing varies by country and changes periodically — always cross-check the official pricing page.

How to Get Started

Visit wise.com/business and click Open a business account
Choose your country and business type (Ltd / sole trader / corporation)
Pay the one-time account opening fee (~£45 in the UK)
Complete KYC: business documents + director ID + proof of address
Activate local bank details in the currencies you need (USD, EUR, GBP, AUD, CAD)
(Optional) Connect to Xero / QuickBooks / FreeAgent
Add your Wise USD account to Upwork / Fiverr / direct invoices for free receiving

Open a Wise Business account →

Frequently Asked Questions

What are Wise Business's fees in 2026? 0.41% FX, ~£45 one-time setup, free incoming in 10+ currencies, no monthly fee. Wire-outs vary by destination.

Is Wise Business worth it for a solo freelancer? Usually not — the free personal Wise account does the same FX conversion. Upgrade only when you need a business name on invoices, batch payments, or accounting integrations.

Can Wise Business receive Upwork payments? Yes — add your Wise USD account details inside Upwork's withdrawal settings (US local bank). Withdrawals come through ACH for free. The 0.41% only applies when you later convert USD→GBP.

Is Wise Business FSCS-protected up to £85,000? No — Wise is an e-money institution, not a bank. Funds are safeguarded in segregated accounts under FCA e-money rules, but not FSCS-protected. In practice, the safeguarding mechanism has held up through Wise's history.

Wise Business vs Payoneer — which is cheaper for receiving Upwork? Both are free to receive Upwork USD. The difference is conversion: Wise charges 0.41% to convert USD→GBP, Payoneer charges 2.0%. On $2,000/month income that's ~£320/year saved with Wise.

Compare alternatives: Wise vs Payoneer · Wise vs Revolut · Wise vs Stripe · Best Payment Setup for UK Freelancers

This review was last updated 2026-05-14. Fees and availability may change — always check the official Wise Business pricing page for the latest information.

feebite may earn a commission if you sign up via our links. This does not affect our editorial ratings.

Affiliate disclosure: feebite may earn a commission if you sign up via our links. This does not affect our ratings or editorial opinion. Last reviewed: March 2026.