Why is Wise charging me a fee

Wise charges fees because it uses the mid-market exchange rate but applies a transparent percentage-based fee (typically 0.4% to 2% depending on the currency corridor and payment method) plus any applicable intermediary bank charges. The fee covers operating costs, compliance, and the infrastructure needed to move money across borders. While Wise is generally more affordable than traditional banks, the fees can add up, especially for frequent or large transactions.

If you're looking for a more predictable pricing structure, Wise pricing comparisons show that platforms like Skydo often offer better rates for Indian exporters and freelancers. Skydo is RBI-authorised and designed specifically for receiving international payments into India, with transparent pricing and no hidden intermediary charges, making it a strong alternative for regular cross-border income.