TransferWise Business account is another great breakthrough for businesses around the world. This article will give you a brief insight into what TransferWise Borderless business account is all about.
TransFerWise account for business is a multi-currency online account for Freelancers, E-Commerce operators and enterprises to receive, send and spend money in over 40 currencies.
TransferWise Business account will give you UK, Eurozone, Australian, New Zealand, and US bank details for free without any local address just within minutes. This removes the bottlenecks that come with PayPal and other international payment gateways.
The TransferWise Borderless account for business is 14X cheaper than the widely used PayPal account transactions. So if you are using Paypal account as your business account either as a freelancer, eCommerce investor or an enterprise, it is time to start saving money by moving to TransferWise. Check the TransferWise Business Account pricing section.
TransferWise borderless account for business is an Electronic Money account. You can send, receive and convert currencies all in one account all with real exchange rates and lowest possible fees. You can spend or withdraw from your account online or in ATMs with your TransferWise Business debit card.
Whether you are a freelancer, an enterprise and/or into eCommerce, TransferWise Business account is your best alternative to PayPal. It is business without borders with TransferWise for Business.
SEE ALSO: Transferwise Borderless Account Features
Benefits of TransferWise Business account, eCommerce, Freelancers and Enterprises
It is an international business banking that is well suited for e-commerce, freelancers and enterprises. This makes your life easier as follows:
E-Commerce: It grants you a free multi-currency account to pay global suppliers and receive Stripe and Amazon payouts for free. Easy to integrate API.
Enterprise: Wonderful payouts platform for global businesses. Make faster, lower-cost payouts to all your customers, freelancers, employees, investors, and suppliers around the world.
Freelancers: You can invoice like locals around the world, receive in multiple currencies for free, and spend on a global debit card.
TransferWise Business account it cheap and easy for you to pay, get paid or spend your TransferWise Business debit card. As an enterprise, it lets you make faster, and cheaper payouts to all your customers, freelancers, employees, investors, and suppliers around the world.
Just like the TransferWise borderless account for Individuals, TransferWise Account for Business is a free account that lets you pay or get paid with over 70 currencies around the world.
Pay invoices, buy inventory, and handle payroll with the real exchange rate in over 70 countries without hassle when you sign up for your TransferWise account for Business.
General features of TransferWise account for Business
With your business account from TransferWise, you can:
- Pay invoices and people abroad
- Receive money with no fees
- Seamlessly integrate with Xero
- Spend with a free debit card
How much does it cost to open a Business account?
It is completely free to set up your TransferWise Business account. This comes with free international bank details and it is free to receive money using your bank details.
There’s a cheap, transparent fee to convert between currencies — either in your account or if you spend on your TransferWise Business Mastercard in a currency you don’t have in your account. The conversion rates are usually with real exchange rate.
How to Create TransferWise Business Account
Just like TransferWise Borderless account for individuals, the business account from TransferWise is simple to set up. Just in a few minutes, your borderless account for business will be up and running.
To set up the TransferWise Business account, click on the link below and follow fill out the required details to complete your TransferWise registration.
CREATE TRANSFERWISE BUSINESS ACCOUNT
TransferWise Business Account Pricing
As already stated earlier, it is free to own TransferWise business or personal account. It is also free to hold over 40 different currencies in your account. Below is a full detail of TransferWise pricing for business account.
- It is free to create TransferWise account. This will come with: 1. a UK account number and sort code, a U.S. routing and wiring number, a European IBAN, an Australian account and BSB number.
- You will pay between 0.33%-3.56% to Convert currencies
- It is also free to receive money in EUR, USD, GBP, AUD & NZ
READ ALSO: TransferWise Login – TransferWise.com Login
TransferWise debit Mastercard Pricing
- Get your TransferWise debit MasterCard free
- Spending in currencies in your account is free
- Converting a currency using your TransferWise card costs between 0.33%-3.56%
- ATM withdrawals of up to £200 in 30 days is Free
- ATM withdrawal above £200 or its equivalent in 30 days attract 2% cost.
Why Should I Choose TransferWise Over PayPal?
As at the time of this publication, our investigation revealed that Transactions with TransferWise is about 14 times cheaper than PayPal. You can now do the maths on which international payment gateway you would like to use. The picture below is from TransferWise comparing their business account to PayPayl account.
| Transfer Wise | PayPal | |
| Cost to create account | £0 | £0 |
| Monthly account fees | £0 | £0 |
| Receive €2000 in GBP | £0 | £63.68 |
| Receive $2000 in GBP | £0 | £64.69 |
| Pay or Send £2000 in EUR | £7.05 | £74.67 |
| Send or pay $2000 in GBP | $12.57 | $62.30 |
| Send or pay €2000 in GBP | €7.19 | €102.03 |
For More on TransferWise Business Account, visit the TransferWise Help page to get more of your questions on the TransferWise account for business answered. TransferWise Contact Page is also here to attend to your needs 24/7.