Why Freelancers Should Be Using a Wise Business Payment Account


As a freelancer, managing your finances efficiently is crucial for the success of your business. One of the key decisions you need to make is choosing the right payment account. In this blog post, we will explore why freelancers should consider using a Wise business account. We will delve into the benefits of a business account, compare Wise with other options, and provide step-by-step guidance on how to get started.

Do I Need a Business Account as a Freelancer?

While freelancers can technically use personal accounts for their business transactions, having a dedicated business account offers several advantages. Firstly, it helps separate personal and business finances, making accounting and tax filing much easier. Additionally, a business account enhances your professional image and credibility, as clients prefer working with freelancers who operate as legitimate businesses.

Benefits of a Wise Business Account for Freelancers:

  • Cost-Effective: Wise offers significantly lower fees compared to traditional payment platforms like PayPal. With savings up to 19 times, freelancers can keep more of their hard-earned money.
  • Transparent Fees: Wise provides clear and transparent fee structures, ensuring you know exactly what you’re paying for each transaction.
  • User-Friendly Features: Wise’s platform is intuitive and easy to use, with a range of features tailored to freelancers. From streamlined international payments to simple currency conversions, Wise simplifies your financial operations.
  • Global Reach: Wise enables freelancers to send and receive payments in multiple currencies, making international transactions faster and cheaper.
  • Integration Capabilities: Wise seamlessly integrates with popular e-commerce platforms, providing convenient solutions for managing your online business.
  • Time-Saving Tools: Wise’s business account comes equipped with admin tools, invoice management, bill features, and batch payment options. These features help freelancers save time and automate essential tasks.

What is the Best Account for Freelancers?

When it comes to choosing the best account for freelancers, Wise stands out as a top choice. Founded in 2011, Wise has become a trusted platform used by millions worldwide. Freelancers benefit from Wise’s focus on transparency, cost-effectiveness, and user-friendly features. Compared to other options, Wise offers substantial savings on fees and provides a comprehensive suite of tools designed specifically for freelancers. Below is a list of just some of the core benefits freelancers can expect from opening a Wise business account:

  • 19x cheaper fees than PayPal.
  • Invoice your clients in their currency and receive money with no fees.
  • You can send money to 70+ countries, and receive and hold 40+ currencies.
  • Connect with Xero and your favorite accounting tools.
  • Download statements for every balance you hold.

How Does a Wise Business Account Differ from a Personal Account?

While freelancers can use a personal account for their business needs, a Wise business account offers distinct advantages. With a business account, you can enjoy additional features and functionalities tailored to managing and growing your freelance business. Wise business accounts are free to open and provide freelancers with administrative tools, integrated e-commerce solutions, invoice management, bill features, and batch payment options. These specific features empower freelancers to operate their businesses more efficiently.

Wise Personal vs. Business Account for Freelancers:

To help you make an informed decision, here’s a comparison table outlining the benefits and drawbacks of Wise personal and business payment accounts for freelancers:

FeatureWise Personal AccountWise Business Account
CostLower fees compared to traditional platformsFree to open and use, transparent fees
Transaction LimitsSuitable for personal use and low transaction amountsNo limitations on transaction amounts
IntegrationNo specific integration optionsSeamlessly integrates with e-commerce platforms
Invoice ManagementBasic invoice creation and trackingAdvanced invoice tools and management
Currency ConversionAvailable, but limited optionsExtensive currency conversion capabilities
Team CollaborationN/AAdmin tools for teams

How Can I Get a Wise Business Account as a Freelancer?

Getting started with a Wise business account is simple and free. Follow these steps to set up your account:

  1. Visit the Wise Freelancer registration page here.
  2. Sign up using your email address.
  3. Provide the required information and verify your identity.
  4. Once your account is set up, you can access international payment details for free and start receiving payments without any charges.
  5. Take advantage of Wise’s cost-effective and transparent currency conversion fees for your international transactions.


As a freelancer, choosing the right payment account is crucial for efficient financial management. With a Wise business account, you can enjoy numerous benefits, including cost-effectiveness, transparent fees, user-friendly features, global reach, and time-saving tools. Compared to personal accounts, Wise business accounts offer specific functionalities tailored to freelancers’ needs. Getting started is quick and easy, so why wait? Open your Wise business account today and streamline your freelance business finances.


175 countries. 50 currencies. One card. Take on the world with Wise — the universal account for sending, spending, and receiving money like a local.