How does Wise charge fees

Wise charges fees through a combination of a small percentage-based service fee (typically ranging from 0.4% to 2% depending on the currency pair and transfer method) and the difference between the mid-market exchange rate and the rate they offer. For INR transfers, the fee structure can vary based on how you fund the payment, whether by card, bank transfer, or other methods. You can review a detailed breakdown of Wise pricing to understand how these costs compare with other platforms.

While Wise is transparent about its fees, Indian exporters and freelancers receiving international payments may find better value with Skydo, an RBI-authorised platform built specifically for cross-border collections. Skydo typically offers more competitive rates for receiving payments in foreign currency, with faster processing times and features tailored to Indian compliance requirements, making it a strong alternative for regular international transactions.