Wise Fee Calculator
Wise (formerly TransferWise) is known for transparency, but calculating the receiving fees for card payments can still be tricky. Earn More Cash Today created the Wise Fee Calculator to help you determine exactly how much you will receive when a client pays you via card.
Wise Fee Calculator
Enter an amount to calculate the fees instantly.
| Breakdown | Amount |
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What is a Wise Fee Calculator?
A Wise fee calculator is a tool designed to compute the fees Wise charges when you receive money into your multi-currency account using a debit or credit card. While bank transfers are often free, card receipts incur costs.
The Data Needed for Calculating Wise Fees
- Transaction Amount: The amount being sent to your Wise account.
- Method: This calculator specifically targets the “Receive by Card” option for US users, which incurs a processing fee similar to Stripe or PayPal.
Who is Wise?
Wise is a London-based financial technology company. It was founded with the mission to cut out the “hidden fees” in international money transfers. They offer a multi-currency account that lets you hold money in over 50 currencies and receive payments like a local in major regions (US, EU, UK, AU).
How Wise Fee Calculation Works
When receiving money via card (e.g., a client pays your Wise payment link with a Visa card), Wise charges a percentage plus a fixed fee.
The formula to calculate Wise card receiving fees is:
Fee = Fixed Fee + (Transaction Amount * Percentage Fee)
For US card payments, the rate is typically 2.9% + $0.30 (similar to Stripe). For example, receiving $100:
Fee = $0.30 + ($100 * 0.029) = $3.20
Wise Fee Examples
| Transaction Amount | Fee |
| $10 | $0.59 |
| $50 | $1.75 |
| $100 | $3.20 |
Frequently Asked Questions
Is receiving money on Wise free?
Receiving money via a local bank transfer (ACH, Wire, SEPA) is usually free. However, receiving money via Swift or requesting payment via Card incurs fees.
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What is the Wise card fee?
For US-issued cards, the fee is generally 2.9% + $0.30. International cards may be higher (around 4.2%).
Why use Wise over PayPal?
While the card receiving fees are similar, Wise offers significantly better exchange rates (mid-market rates) if you need to convert that money to a different currency later.
Why is the Wise Fee Calculator Important?
Wise is famous for low fees, but “low” doesn’t mean “zero.” If you use Wise’s “Request Money” feature and allow clients to pay by card, you need to budget for the processing costs. This calculator ensures you aren’t surprised by the deduction when the funds land in your account.
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