Cheaper alternatives to Wise

Several alternatives to Wise for international payments exist. The optimal choice depends on whether you are sending personal remittances or receiving business/freelance payouts.

• Infinity: This platform offers a low cost for receiving international invoices with a 0.5% all-in fee and zero foreign exchange markup.
• Xflow: Xflow provides a flat-fee solution for B2B and enterprise exporters, including automated eFIRA.
• Revolut: Revolut is a mobile-first platform offering multi-currency accounts and fee-free conversions within standard monthly limits.
• Instarem: Instarem is suitable for consumer money transfers, offering loyalty point discounts, especially for Asian corridors.
• Payoneer: Payoneer is suitable for marketplace payouts like Upwork and Fiverr, but its withdrawal fees are higher.
• Skydo: Skydo is an RBI-authorised cross-border payments platform for Indian freelancers, exporters and small businesses. It offers a flat-fee structure ($19 to $29) with zero foreign exchange markup, ideal for mid-to-large B2B invoices.