Revolut vs Wise : Which one is better for your business?

Business accounts are essential for managing finances efficiently, and both Revolut and Wise offer comprehensive solutions tailored to this need. We'll compare Revolut's all-in-one business account, which emphasizes global payments, multi-currency management, and automation, with Wise's focus on cost-effective international transfers, transparency, and speed. This comparison will help determine which service best meets the diverse needs of modern businesses.

A quick overview on Revolut and Wise

What is Revolut?

Revolut Business offers a suite of financial services designed to help businesses manage their finances efficiently. Key features include global payments, multi-currency accounts, and expense management tools. Unique aspects of Revolut include its ability to manage money in over 25 currencies at interbank rates and advanced analytics for tracking business spending.

What is Wise?

Wise is a financial technology company that offers international money transfer services and multi-currency accounts. It provides transparent fees, guaranteed exchange rates, and a debit card for international transactions. Wise also offers business accounts and allows users to earn interest on their balances.

Features of Revolut and Wise

Revolut features

Revolut Business offers a range of unique features that cater to the diverse needs of modern businesses:

• Multi-currency accounts: Manage money in over 25 currencies at interbank rates, making it easier to handle international transactions.
• Global payments and transfers: Send and receive payments to over 150 destinations worldwide, ensuring seamless global operations.
• Integration with accounting software: Sync your financial data with popular accounting tools to streamline bookkeeping and financial management.
• AI-powered bill capture and payment (Revolut BillPay): Automate your bill payments with AI technology that captures and processes invoices efficiently.
• Currency risk management: Utilize forward contracts and Limit and Stop orders to manage currency risk, a feature that sets Revolut apart from many competitors.

Wise features

Wise offers a range of unique features that cater to the needs of consumers looking for efficient international financial services:

• Low fees and cost savings on international transfers: Save up to 5x on international transfers compared to traditional banks, making it a cost-effective option for global transactions.
• Multi-currency account: Manage money in over 40 currencies, providing flexibility and convenience for those dealing with multiple currencies.
• Guaranteed exchange rates: Benefit from guaranteed exchange rates for a specified period, ensuring transparency and predictability in your transactions.
• Security measures: Enjoy peace of mind with robust security features such as 2-factor authentication and dedicated fraud teams.
• Earn returns on balances: A unique feature that allows you to earn returns on your balances with a variable rate, while still having the flexibility to send and spend money freely.

Comparing Revolut, Wise and OneSafe's features

Why choose one over the other?

• Why choose Revolut over Wise: Revolut offers a more comprehensive suite of business tools, including advanced expense management and AI-powered bill capture with Revolut BillPay. Additionally, Revolut's integration with accounting software and detailed analytics for tracking spending provide a more robust financial management solution compared to Wise.
• Why choose Wise over Revolut: Wise stands out with its low fees and transparent exchange rates, making it a cost-effective option for international transfers. Furthermore, Wise's ability to manage money in over 40 currencies and earn returns on balances offers greater flexibility and potential savings for businesses dealing with multiple currencies.

Considering OneSafe vs Revolut and Wise

• Why choose OneSafe over Revolut and Wise: OneSafe excels in supporting Web3 and cryptocurrency transactions, offering instant crypto to fiat conversions and seamless crypto payments. Unlike Revolut and Wise, OneSafe provides a comprehensive suite of tools tailored for global businesses involved in the digital economy, making it the ideal choice for startups and tech companies navigating the Web3 landscape.

What are the customers saying?

Revolut reviews

Users generally find Revolut to be a convenient and efficient banking solution, particularly appreciating its features like cryptocurrency trading, stock market investments, and quick transactions. However, some users have expressed frustrations with customer service, high commission fees for digital currencies, and issues with card terminal deliveries. Overall, Revolut has received an impressive rating of 4.2 out of 5.

• "This Revolut bank have variety business like cryptocurrency trade, stock market and others. So there is more chance to gain wealth through trade, so on this bank not only put your money but also you can invest on different trading market and you get passive income." - MULU ABEBE NEGASI
• "The most important thing is the security of the account and the 24/24 assistance of those from Revolut in any language, which is very useful!" - Catalin-Cristian Bogheanu

For more detailed reviews, visit Revolut Reviews.

Wise reviews

Users have generally found Wise to be user-friendly, with quick currency transfers and the ability to manage multiple currencies being particularly appreciated. However, some frustrations have been noted, including poor customer support, high fees, and issues with international support. Overall, Wise has received a rating of 3.9 out of 5 stars.

• "Wise business transfers from one currency to the other are instant, local payments on USD to USD are quick as well as payments local GBP to GBP." - Lazaros D.
• "You can set up and receive multiple currencies. I could use it as my card/debit card abroad. Easy for me to convert the USD funds I have to the currencies of the country I'm vacationing." - Cherilyn A.

For more detailed reviews, visit Wise Business Reviews on G2.

OneSafereviews

Users have praised OneSafe for its exceptional customer support and innovative solutions tailored for Web3 and cryptocurrency transactions. The overall rating for OneSafe is an impressive 4.8 out of 5. Customers particularly appreciate the seamless 1:1 conversion from USD to USDC on Polygon and the ease of managing payroll and expenses.

• "OneSafe has the best customer support I've ever experienced from a bank." - Amit Chu, Investments @ Celo Foundation
• "OneSafe is a game-changer. They solve so many headaches for our company. Finally, a banking solution that gets it." - Marco, CEO of Ensuro

For more detailed reviews, visit OneSafe.

Revolut, Wise, or OneSafe: Which is the best platform for you?

In conclusion, while Revolut and Wise offer robust solutions for managing business finances, OneSafe stands out with its innovative approach to Web3 and cryptocurrency transactions. Each platform has its strengths, but for businesses looking to navigate the digital economy seamlessly, OneSafe is the clear choice. Ultimately, any of these options would serve your business well, but we recommend giving OneSafe a try.