Wise (formerly TransferWise) Business Account is specifically built for small businesses and eCommerce brands selling internationally.
✅ Lower fees
✅ Faster international payments
✅ No hidden charges
✅ Mid-market exchange rates
Key Benefits of Wise for Shopify Store Owners
1. Multi-Currency Business Account (Hold 40+ Currencies)
Receive and manage over 40 currenciesin one account.
This means you can:
✔ Get paid in USD, EUR, GBP, AUD, CAD, and more without costly currency conversions.
✔ Easily convert currencies at real mid-market rates, saving 2-3% compared to traditional banks.
✔ Pay suppliers & freelancers worldwide with low transfer fees.
2. Seamless Shopify Integration (Faster Payouts)
Connect your Wise Business Account to Shopify Payments and get paid directly in multiple currencies.
✔ Reduce conversion feeswhen receiving payouts from Shopify.
✔ Instantly access your fundsinstead of waiting for traditional bank delays.
✔ Withdraw to your local bank in seconds with low fees.
Unlike banks, Wise ensures you don’t lose money in unfair conversion rates or slow transfers.
3. Transparent & Low-Cost International Transfers
If you pay suppliers in China, Europe, or anywhere abroad, Wise lets you send payments at the lowest possible cost.
✔ Wise charges from just 0.57% per transaction, while banks charge 3-5%.
✔ Mid-market exchange rate – no hidden markups.
✔ Fast international transfers (often within 24 hours).
Traditional banks eat up your profits with hidden fees. Wise lets you keep more of your earnings.
4. No Monthly Fees or Minimum Balance
Unlike traditional business accounts, Wise has NO:
❌ Monthly maintenance fees
❌ Minimum deposit requirements
❌ Overdraft fees
Keep 100% of your money for growing your business.
Wise vs. Traditional Banks:
Cost Comparison for Shopify Store Owners
Why Smart Shopify Sellers Choose Wise Over Banks
✔ Sell globally, receive payments in local currencies without extra fees.
✔ Lower fees = higher profit margins.
✔ No waiting – instant access to your Shopify payouts.
✔ Works with international suppliers & remote teams easily.
If you’re serious about scaling your Shopify business internationally, Wise Business Account is the smartest choice.
How to Open a Wise Business Account (Step-by-Step)
Opening a Wise Business Account takes just a few minutes:
1️Sign up on Wise Business (Click Here)
2️Provide business details (LLC, Inc., or Sole Proprietor)
3️Verify identity & upload documents (passport, EIN, business details)
4️Start sending & receiving money internationally at the lowest rates!
No need to visit a bank – open your Wise account 100% online.
Final Verdict: Wise is the Best Banking Option for Shopify Store Owners
Traditional banksare slow, expensive, and not built for global eCommerce.
Wise Business Account is the best alternative for Shopify businesses that sell internationally.
✅ Lower fees
✅ Multi-currency accounts
✅ Instant Shopify payouts
✅ No hidden charges
Sign up today and take control of your international payments with Wise.
If you are planning to launch a Shopify store,Let’s make it happen!