Compare
Side by side from each provider's own published terms: who can apply, what it costs, the accounts and cards, and how your money is held. Nobody pays to be listed, and Finzil doesn't rate providers.
Payoneer
E-money institution · UK global business account
Global business account with local receiving details in 13 currencies, payouts from marketplaces and platforms, payments to suppliers and contractors, and Mastercard business cards.
Wise Business
E-money institution · UK business account
Multi-currency business account with no monthly fee, the mid-market exchange rate, balances in 40+ currencies and account details in 22.
From the two provider profiles on Finzil, latest check 8 October 2026: each provider's own website, price list and terms.
The short answer
Side by side
A gap means the provider doesn't publish it; ask before you apply.
| The basics | Payoneer | Wise Business |
|---|---|---|
| Account | UK global business account | UK business account |
| Provider type | E-money institution | E-money institution |
| Licence | E-money institution in the UK; also licensed in Ireland, the US, Singapore and 4 more | E-money institution in the UK; also licensed in Belgium, Australia, Brazil and 10 more |
| Licensed company | Payoneer Payment Services (UK) Limited | Wise Payments Limited |
| Headquarters | United States | United Kingdom |
| Who can apply | Payoneer | Wise Business |
|---|---|---|
| Legal forms | Not published | Sole traders and freelancers, Limited companies, Public companies, Partnerships |
| Businesses not supported | 18 kinds on its list | 31 kinds on its list |
| What it costs | Payoneer | Wise Business |
|---|---|---|
| Monthly fee | Free | Free |
| Setup fee | Free | £50 |
| Plans | Business account: free | Wise Business: free |
| Currency exchange | 0.5% | From 0.24% |
| Physical card | Not published | £3 |
| Card spending abroad | Up to 3.5% | Not published |
| Accounts and payments | Payoneer | Wise Business |
|---|---|---|
| Currencies | 13 | 40+ |
| Local account details | USD, EUR, GBP, JPY, AUD, CAD, SGD, HKD, AED, MXN, BRL, KRW, IDR | GBP, EUR, USD, AUD, CAD, HKD, HUF, NZD, PHP, SGD |
| Payment networks | SWIFT, ACH, BACS, local bank transfers | SEPA, Faster Payments, SWIFT, ACH |
| Cards | Virtual and physical Mastercard | Virtual and physical cards |
| Opening and safety | Payoneer | Wise Business |
|---|---|---|
| Opening time | A few days | 3–5 days |
| Open remotely | Yes | Yes |
| How money is held | Segregated accounts | Segregated accounts |
| TrustpilotThird-party score, shown for reference. Finzil doesn't rank providers by it. | Not published | 4.5 from 302,000 reviews |
From the profiles
Strong points
Watch out for
Strong points
Watch out for
Our view
Finzil's own opinion, kept apart from the facts above.
Payoneer is the default for getting paid by marketplaces, platforms and overseas clients, and it costs nothing to keep open if you receive enough. The costs sit at the exit: withdrawing to your bank and spending in other currencies. Use it to collect income and move the money on; it is not a full business account, and its prohibited list is long.
Wise Business is the benchmark for cheap, transparent currency conversion, and for many small businesses it is all they need. There is no monthly fee and the pricing is easy to understand. It is not built for higher-risk sectors: crypto, gambling, tobacco, alcohol and adult businesses are excluded.
It depends on how you use the account. Monthly fee: Payoneer free, Wise free. Currency exchange: Payoneer 0.5%, Wise from 0.24%. Transfers and cards are priced line by line in the table on this page, from each provider's own price list.
Neither is a bank. Payoneer is an e-money institution, licensed in the UK. Wise is an e-money institution, licensed in the UK. Payoneer: segregated accounts. Wise: segregated accounts.
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Read articleOne Finzil profile
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How this page is built: every row comes from the two provider profiles on Finzil, which are taken from each provider's own website, price list and terms (latest check 8 October 2026). Prices and rules change; check them with the provider before you apply. Meeting a provider's published rules does not mean it will approve a particular application. General information, not legal or financial advice.
