Wise for Business: The Smartest Way to Pay International Contractors and Candidates

International recruitment involves money moving across borders constantly — paying overseas contractors, remitting client fees, covering candidate relocation, or settling invoices in foreign currencies. Banks charge 2–4% over the real exchange rate on every transaction, plus fixed transfer fees. Wise charges a fraction of that.

Why Recruitment Agencies Specifically Need Wise

• Multi-currency contractor payments: pay freelancers and contractors in their local currency from your Wise account — they receive local currency, you avoid double conversion.
• Client billing in multiple currencies: hold GBP, USD, EUR, AED, AUD, and 40+ other currencies in one account — invoice clients in their currency without conversion exposure.
• Real exchange rate transparency: Wise uses the mid-market rate (the real rate) with a small transparent fee — no hidden margin buried in the exchange rate as banks do.
• Speed: most transfers arrive same-day or next-day vs. 3–5 days for traditional bank wires.

Savings vs. Banks

On a £10,000 international transfer, a typical bank charges approximately £250–400 in hidden exchange rate markup plus a £25–40 wire fee. Wise charges approximately £35–60 total. For an agency doing 20+ international transfers per month, the savings are substantial.

Verdict: Essential for Any Agency with International Operations

If your agency pays anyone outside your home country, Wise Business is not optional — it's the cheapest, fastest, and most transparent way to move money internationally. The multi-currency account feature alone justifies it.

Open a Wise Business Account →