Wise Business is a multi-currency business account that lets you receive and send international payments at low cost with transparent exchange rates.
This is a good fit for e-commerce businesses with revenue from multiple markets that need to convert currencies frequently.
Why use this service at AWE Global?
Low transfer fees
Lower international transfer costs than traditional banks.
Transparent exchange rates
Uses real exchange rates, no hidden conversion fees.
Multi-currency support
Well suited to businesses earning revenue from multiple markets.
Process
01Advise on requirements and documents needed for Wise Business
02Prepare business documentation (LLC/EIN/linked bank account)
03Register and verify the account
04Hand over the account with usage guidance
Documents / information needed
- Certificate of business formation (LLC/Corporation)
- EIN tax ID
- Linked business bank account information
- ID of the authorized representative
Common mistakes to avoid
- Using only one currency while your business has diverse revenue sources, missing out on Wise’s multi-currency benefits.
- Not carefully checking transaction/transfer limits per country before using the service.
Frequently asked questions
Does Wise Business have a monthly maintenance fee?
Wise usually doesn’t charge a fixed maintenance fee, mainly charging per conversion transaction.
What kind of business is Wise Business suited to?
Suited to businesses with frequent international transactions that need low, transparent currency-conversion costs.