Ecommerce and Retail

Wise: Invoice Clients, Collect Payments, And Even Pay Employees With This International Business Account

As I work to monetize Martech Zone through affiliate sales and sponsorships, one frustration is simply getting paid. For example, a couple of weeks ago I noticed that I’d accumulated a nice sum of funds in an affiliate account that surpassed the threshold but was never paid. When I inquired, it was due to not submitting all the necessary paperwork to verify my identification and my business. Then, when I finally was approved, it took days to receive the money… minus a fee of course.

Wise Business

Wise Business is a no-stress, international business account. It’s business banking without the high rates, hidden charges, and monthly fees. Invoice clients, accept payments, pay employees and manage your international sources of cash flow — all in one place. Get everything you need to bank abroad — including a sort code, IBAN, SWIFT, routing number, and more.

Wise Business: International Banking, Invoicing, Payment Processing, Employee Payments

Some of the advantages of Wise over a traditional bank:

  • Safeguarded Financial Services ProviderWise safeguards your funds (they are not a lender) and they’re an authorized financial services provider.
  • International Processing with Low FeesWise enables businesses to pay international invoices, vendors, and employees using the real exchange rate in 80 countries. It’s 6x cheaper than old-school banks and 19x cheaper than PayPal!
  • WithdrawalsWise enables businesses to easily withdraw from Amazon, Stripe, and more in up to 10 currencies.
  • Multiple Currencies – Move money between currencies in seconds, always with the real exchange rate and without high conversion fees. See up to 54 currencies from one easy-to-use account.
  • Direct Bank Deposits from InvoicesWise enables businesses to add their local bank details to invoice templates to get paid on time and free.
  • Local International BanksWise business enables you to get local bank details for 10 different currencies to collect seamlessly from international clients.
  • Accountant Access – Give your accountant and team access to Wise, and control their permissions.
  • Reconciliation – Connect currency accounts to QuickBooks or Xero in real time to save time on manual admin.
  • Batch Payments – Pay up to 1,000 people in one click. Just upload a spreadsheet with details for each transfer and submit one payment.
  • Integration – Integrate with platforms like QuickBooks to see all your money together.
  • Debit Card – Pay expenses online or in-store in multiple currencies without foreign transaction fees. (Not available in all countries yet).

We used Wise to convert our US dollars revenue to British Pounds and saved £75k in the first nine months after switching from our bank.

Alternative Airlines

Get an account for free and make payments with the real exchange rate in 70+ countries.

Get Started With Wise Business

Disclosure: Martech Zone is an affiliate of Wise and we are using our affiliate link in this article.

Douglas Karr

Douglas Karr is CMO of OpenINSIGHTS and the founder of the Martech Zone. Douglas has helped dozens of successful MarTech startups, has assisted in the due diligence of over $5 bil in Martech acquisitions and investments, and continues to assist companies in implementing and automating their sales and marketing strategies. Douglas is an internationally recognized digital transformation and MarTech expert and speaker. Douglas is also a published author of a Dummie's guide and a business leadership book.

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