8 ways to Get Paid Into Your Wise Business account

Getting paid is a key moment for your business - it means that your product fit and marketing strategy has hit the mark and customers are happy to exchange their hard earned cash for the goods and services you offer. But while it may sound simple, ensuring a smooth payment journey and the process of getting paid can be really complex for your customers.

With an upgraded Wise Business account, we're constantly working on solutions to make payments pain-free for your customers in multiple currencies and a variety of methods to ensure their money arrives in your account fast, safely, and with low fees.

Upgrade your account

Whether you're getting paid by customers online or by your clients, the Wise Business account offers numerous ways for you to receive money in multiple currencies. From local account details in 8+ currencies, payment links to direct debit, these options can streamline the process of receiving payments and help to reduce the cost of international transactions for you and your customers. Let's take a look at all the payment methods to make the most of your Wise Business account.

Please note, that US Wise Business customers can only receive money when they've upgraded. For a one time fee of you can upgrade your account to take advantage of a whole range of benefits to help your business expand internationally, from getting paid in multiple currencies to syncing your accounting software. Find out all the benefits of upgrading here.

Invoicing with Wise

Create professional invoices for free and send them directly to your recipients from within your Wise Business account. Our user-friendly interface makes the process straightforward, fast, and efficient.

Download your invoice as a PDF file or send it directly from your account. They will receive an email with a pay button to easily process payment.

• Choose ‘Payments’ from your homepage or click 'Request'
• Select ‘Invoices’ and then ‘New invoice’
• Choose how to get paid
• Pick a currency and a payment method
• Preview the invoice before you download it or send it directly from within your account
• Get paid into your local account details

Create an Invoice

Quick Pay

Use Quick Pay to get paid repeatedly. No need to constantly update a link or reshare your account details. Create your unique Quick Pay link and QR code once, and use it to receive payments over and over. Customers can use it to pay you quickly, and if they use Wise to do it, you’ll pay no fees to receive the money.

8+ local account details

The Wise Business account enables you to set up local account details in over 8 currencies, including GBP, EUR or AUD. This helps you to get paid like a local business, and eliminates the need to visit physical branches and fill out complex paperwork in another country. You can open local account details in the click of a button and start sharing them with clients and customers straight away.

Plus your customers can pay you in the currency that works for them, without having to pay hefty currency conversion fees.

To set up local account details:
Once you have your Wise Business account, setting up your local account details is easy and only takes a few clicks:

• Go to your Wise Business account (both web or app)
• Navigate to one of the balances available for local account details and click on them.
• Click on set up local account details - they're ready immediately! Share your local account details and get paid in the new currency with no additional fees.

How to get paid into local account details

19+ global account details

In addition to the local account details, your business can also get paid in 19+ currencies via the Swift network, with global account details, which enable you to receive even more payments from customers and clients all over the world. Global account details are available in the following currencies: AUD, NZD, SGD, SEK, NOK, DKK, PLN, HKD, CHF, CZK, JPY, HUF, BGN, AED, RON, UGX, ZAR, CNY and ILS.

This means that you can now receive business payments in 19 currencies, allowing more customers to pay you in the currency they prefer.

What is the difference between local and global account details?

If you're receiving in 8+ currencies including EUR, and GBP, local account details allow your customers to pay you free of charge to you and your customers because there are no conversion fees involved in this transaction and we do not charge Wise Business customers to hold local account details.

These account details, such as an account number and sort code, IBAN or BIC code allow your customers to pay you as if you were a local operating just across town. Payments normally arrive in your account very quickly, especially if your customer is using Wise to send the money.

Global account details allow you to receive payments via the international Swift network in 13 currencies. This means that if you're based in the UK and your customer is in Australia and wants to pay you in AUD, they can set up a Swift payment via their bank rather than exchanging money into GBP. It is up to your sender's bank how much they charge for Swift payments. We also charge a small fee per transaction, which varies according to the currency you choose to get paid into. We will always tell you up front what the fees are.

Direct Debits

Ensure more regular revenues by allowing your customers to set up direct debits for one-off bank transfers, subscriptions or recurring payments. Provide them with your account details to get paid on time, every time via direct debits, reducing the risk or missed or late payments.

To set up direct debits:

1. Provide your Wise Business account details to the customer, client or company you want to get paid from.
2. Wait for them to confirm they have set up the direct debit from their account.
3. Get paid in any of the currencies you set up account details for.

Send a Payment Request Link

Payment links streamline the process of getting paid. Simply set up a single use or reusable payment link in your desired currency and allow your customers to pay you quickly via bank transfer.

If you have a product or service with a set price, you can also set up Reusable Payment Links. These enable you to charge different customers the same amount without the need to set up a new payment link every time.

To generate a payment request link:

1. Go to the balance you want to get paid into and click ''Receive''.
2. Select ''Request a Payment'' and create a link.
3. Share the link via email, text, invoice or message with your customers.

Withdraw money from different platforms

Wise Business supports withdrawals from various platforms, including e-commerce sites and payment getaways. You can withdraw earnings directly into your Wise Business account from Amazon, Shopify, Stripe, Etsy, and more. Whether you withdraw in GBP or EUR, or any other of the 8+ currencies you can receive with local account details, we don't charge you to withdraw money.

You can always convert them into a more suitable currency in your Wise Business account with fast, transparent, low fee international transactions.

• Amazon: Wise Business is part of Amazon's Payment Service Provider program, allowing you to receive payments from Amazon Seller Central. Use your Wise account details to receive payments like a local.

Receive money from Amazon

• Shopify: Get paid in a range of currencies without a receiving fee. Link your Wise Business account with Shopify and use the mid-market exchange rate for currency conversion. How to withdraw money from Shopify.
• Stripe: Link your account details with Stripe to receive payments in supported currencies, depending on your location. More on receiving money from Stripe.
• Etsy: Withdraw money from Etsy in the currency the customer paid in, avoiding high currency conversion fees. More on getting paid from Etsy.

Get paid by Wise Customers

Did you know Wise can automatically detect when you are requesting a payment from a customer who has a Wise account? We will then offer them the option to pay you from their Wise account free of charge in 40+ currencies. You can also generate a QR code for customers to scan and pay directly into your Wise account.

And there you have it! The Wise Business account provides 8 different ways to get paid by customers around the world. The flexibility to receive payments in multiple currencies, along with low fees for international payments, makes Wise Business an essential partner in your plans to go global. Whether you're a small business seeking to expand internationally or an e-commerce seller looking for an efficient international solution, Wise Business helps you to pay, get paid and manage multiple currencies and make the payments experience fast and more seamless, all in one international business account.